USD/CAD Forecast March 29, 2016, Technical Analysis
The USD/CAD pair fell during the course of the day on Monday, as we continue to see quite a bit of volatility. There has been a strong downtrend for some time, and with that being the case...
Tag: USDCAD
USDCAD Weekly Analysis – March 27, 2016
USDCAD remains in downtrend from 1.4689, the bounce from 1.2923 is likely consolidation of the downtrend. Resistance is at 1.3450, as long as this level holds, the downtrend could be expected to continue, and next target would...
USD/CAD Forecast March 25, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the day on Thursday, but turn right back around to form a shooting star. That being the case, the market looks as if it could very well pullback from...
USD/CAD Forecast March 24, 2016, Technical Analysis
The USD/CAD pair rose during the day on Wednesday, breaking the top of the range for Tuesday which of course is a fairly bullish sign. We tested the 1.32 level, and believe that this market will then...
USD/CAD Forecast March 23, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the day on Tuesday, but turn right back around to form a bit of a shooting star. However, if we break above the top of that...
USD/CAD Forecast March 22, 2016, Technical Analysis
The USD/CAD pair rose slightly during the course of the session on Monday, as we continue to bounce off of the 1.30 level. On top of that, we have an uptrend line underneath that has of course...
USDCAD Weekly Analysis – March 20, 2016
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.2923. Further decline could be expected in a couple of weeks, and next target would be at 1.2500 area. Resistance is at...
USD/CAD Forecast March 17, 2016, Technical Analysis
The USD/CAD pair initially tried to rally on Wednesday but turned back around form a bit of a shooting star. Quite frankly, there is quite a bit of resistance just above so that can be difficult to...
USD/CAD Forecast March 16, 2016, Technical Analysis
The USD/CAD pair rose during the course of the session on Tuesday, as oil markets fell. It looks as the market is trying to reach towards the 1.35 handle, which is a massive resistance barrier. If we...
USD/CAD Forecast March 15, 2016, Technical Analysis
The USD/CAD pair rose during the course of the session on Monday, as it looks like we are trying to find a bit of a bounce. With this, we will have to pay attention to the oil...