USDCAD stays in a downward price channel on daily chart, and remains in downtrend from 1.4689. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.2500...
The USD/CAD pair initially fell during the course of the day on Thursday, but found the 1.30 level to be supportive yet again as we bounced and formed a bit of a hammer type candle. Ultimately, the...
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but turned back around to form a bit of an exhaustive candle. Because of this, looks as if the market is going...
USDCAD has been trending lower, thanks to the recent rallies in oil prices. Price has formed lower highs and lower lows, creating a descending channel pattern on its 4-hour chart. The pair just recently tested the resistance...
The USD/CAD pair rose during the course of the day on Tuesday, but pullback a little bit to get some of the gains bank. Ultimately though, it does look like that we are trying to break out...
The USD/CAD pair went back and forth during the course of the session on Monday, as we continue to bounce upon the 1.30 level. We have a massive uptrend line just below though, so with that it’s...
The USD/CAD pair initially rose during the course of the day on Friday, but turned right back around to form a bit of a shooting star. The shooting star completely contradicts the hammer that we formed during...
USDCAD’s downward movement from 1.4689 extended to as low as 1.2857. Resistance is at 1.3296, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2500 area. On...
The USD/CAD pair initially fell during the course of the session on Thursday, but turned back around to form a nice-looking hammer for the session, which of course is very bullish. The 1.30 level is a major...
The USD/CAD pair fell during the course of the session on Tuesday, as we race back down to the 1.3 level below. There is an uptrend line just below, as it has kept this market afloat in...
