USDCAD Weekly Analysis – September 8, 2019

by ForexCycle.com | September 8, 2019 4:53 am
USDCAD broke below 1.3184 support, suggesting that the upside movement from 1.3015 had completed at 1.3382 already. Further decline could be expected after a minor consolidation and next target would be at 1.3000 area. Resistance is at...

USDCAD Daily Analysis – September 6, 2019

by ForexCycle.com | September 6, 2019 3:16 am
USDCAD is now in the downtrend from 1.3382, the bounce from 1.3191 is likely consolidation for the downtrend. Further decline would likely be seen after the consolidation and next target would be at 1.3130 area. Near term...

USDCAD Daily Analysis – September 5, 2019

by ForexCycle.com | September 5, 2019 3:59 am
USDCAD broke below 1.3224 support, indicating that the uptrend from 1.3015 had completed at 1.3382 already. Further decline could be expected over the next several days and next target would be at 1.3150 area. Near term resistance...

USDCAD Daily Analysis – September 4, 2019

by ForexCycle.com | September 4, 2019 3:35 am
USDCAD remains in the uptrend from 1.3224, the pullback from 1.3382 is likely consolidation for the uptrend. Support is located at the bottom of the price channel on the 4-hour chart, as long as the channel support...

USDCAD Daily Analysis – September 3, 2019

by ForexCycle.com | September 3, 2019 3:09 am
USDCAD broke above 1.3345 resistance. Further rise could be expected over the next several days and next target would be at 1.3400 area. Near term support is at 1.3310, a breakdown below this level could bring the...

USDCAD Daily Analysis – September 2, 2019

by ForexCycle.com | September 2, 2019 1:25 am
USDCAD broke above the falling price channel on the 4-hour chart, suggesting that the uptrend from 1.3015 has resumed. Further rise could be expected over the next several days and next target would be at 1.3400 area....

USDCAD Weekly Analysis – September 1, 2019

by ForexCycle.com | September 1, 2019 12:18 pm
USDCAD remains in the uptrend from 1.3015, the price action from 1.3344 is likely consolidation for the uptrend. As long as 1.3184 key support holds, the upside movement could be expected to continue and next target would...

USDCAD Daily Analysis – August 30, 2019

by ForexCycle.com | August 30, 2019 3:31 am
USDCAD is testing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the downside movement from 1.3345 could be expected to continue and next target would be at...

USDCAD Daily Analysis – August 29, 2019

by ForexCycle.com | August 29, 2019 3:42 am
USDCAD is facing the resistance of the falling price channel on the 4-hour chart. A break of the channel resistance could signal resumption of the uptrend from 1.3015, then next target would be at 1.3400 area. On...

USDCAD Daily Analysis – August 28, 2019

by ForexCycle.com | August 28, 2019 3:32 am
USDCAD stays in a falling price channel on the 4-hour chart and remains in the short term downtrend from 1.3345. As long as the price is in the channel, the downside movement could be expected to continue...