USD/CAD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:03 am
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support below the 1.25 level to turn things around and form a rather positive candle. This engulfing candle should signal that...

USD/CAD Forecast May 3, 2016, Technical Analysis

by FX Empire | May 3, 2016 5:43 am
The USD/CAD pair did almost nothing during the course of the session on Monday, as it appears that the 1.25 level is going to offer quite a bit of support. With this being the case, we could...

USDCAD Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:19 am
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.2499. Further decline is still possible over the next several weeks, and next target would be at 1.2000 area. Resistance is at...

USD/CAD Forecast April 29, 2016, Technical Analysis

by FX Empire | April 29, 2016 6:49 am
The USD/CAD pair fell slightly during the course the day on Thursday, breaking the bottom of the shooting star that had formed on Wednesday. This of course is a very negative sign but there is the 1.25...

USD/CAD Forecast April 28, 2016, Technical Analysis

by FX Empire | April 28, 2016 8:13 am
The USD/CAD pair initially fell during the course of the session on Wednesday, but found enough support to turn things back around and form something akin to a hammer. With this being the case, it’s likely that...

USD/CAD Forecast April 27, 2016, Technical Analysis

by FX Empire | April 27, 2016 6:06 am
The USD/CAD pair fell during the day on Tuesday, as we continue to press the 1.26 level below. That’s an area that causes support, but given enough time we should break down below in order to find...

USD/CAD Forecast April 26, 2016, Technical Analysis

by FX Empire | April 26, 2016 6:07 am
The USD/CAD pair went back and forth during the course of the day on Monday, essentially forming a neutral candle. Because of this, the market looks as if it isn’t ready to do much, but at this...

USDCAD Weekly Analysis – April 24, 2016

by ForexCycle.com | April 24, 2016 7:39 am
USDCAD’s downward movement from 1.4689 extended to as low as 1.2592. Further decline could be expected over the next several weeks, and next target would be at 1.2000 area. Resistance is at the downward trend line on...

USD/CAD Forecast April 25, 2016, Technical Analysis

by FX Empire | April 24, 2016 6:16 am
The USD/CAD pair initially fell during the day on Friday, but turned back around to form a bit of a hammer. The hammer of course is a bullish sign, so if we can rally from here we...

USD/CAD Forecast April 22, 2016, Technical Analysis

by FX Empire | April 22, 2016 6:38 am
The USD/CAD pair rose during the course of the session on Thursday, as we finally got a bit of a bounce. However, there is a massive amount of resistance above so it’s very likely that we will...