USDCAD Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:39 am
USDCAD broke above the falling price channel on the daily chart, suggesting that the downside movement from 1.3382 had completed at 1.2951 already. Further rally would likely be seen and next target would be at 1.3382 resistance,...

USDCAD Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:46 am
USDCAD broke below the support of the rising price channel on the 4-hour chart and moved sideways in a trading range between 1.3262 and 1.3308. A breakdown below 1.3262 support would indicate that the upside movement from...

USDCAD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:23 am
USDCAD remains in the uptrend from 1.3035. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3350...

USDCAD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:27 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3035. As long as the channel support holds, the pullback from 1.3303 could be treated as consolidation for the uptrend,...

USDCAD Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:14 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3035. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – February 3, 2020

by ForexCycle.com | February 3, 2020 4:20 am
USDCAD continued its upside movement from 1.3035 and the rise extended to as high as 1.3252. Further rise could be expected in a couple of days and next target would be at 1.3300 area. Near term support...

USDCAD Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:43 pm
USDCAD broke above the falling price channel on the daily chart. Further rally is still possible next week and next target would be at 1.3360 area. Near term support is at 1.3150, a breakdown below this level...

How Much Farther Will US Dollar Rally?

by elliottwave-forecast.com | January 31, 2020 5:02 pm
The Dollar Index (DXY) continues to be firm and rallies higher since Dec 31.2019 low. Near term, it still has scope to extend higher towards 98.3 – 98.59 area which is the 100% – 123.6% Fibonacci extension...

USDCAD Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:51 am
USDCAD’s upside movement from 1.3035 extended to as high as 1.3226. Further rise is still possible and next target would be at 1.3250 area. Support is at 1.3153, a breakdown below this level could bring the price...

USDCAD Daily Analysis – January 30, 2020

by ForexCycle.com | January 30, 2020 4:10 am
USDCAD extended its upside movement from 1.3035 to as high as 1.3209. Further rise would likely be seen in a couple of days and next target would be at 1.3250 area. Support is now at 1.3153, a...