USDCAD Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:15 pm
USDCAD extended its downside movement from 1.4667 to as low as 1.3191. Further decline is still possible next week and next target would be at 1.3000 area. Near term resistance is at the top of the falling...

USDCAD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:29 am
USDCAD broke below 1.3233 support and extended its downside movement from 1.3715 to as low as 1.3191. Further decline is still possible in a couple of days and next target would be at 1.3100 area. Near term...

USDCAD Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:39 pm
USDCAD extended its downside movement from 1.3715 to as low as 1.3227. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 5:04 am
USDCAD moved sideways in a trading range between 1.3233 and 1.3458. As long as the price is in the falling price channel on the 4-hour chart, the downside movement from 1.3715 could be expected to continue, and...

USDCAD Daily Analysis – August 11, 2020

by ForexCycle.com | August 10, 2020 10:28 pm
USDCAD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.3233 could be treated as consolidation for the downtrend from 1.3715, and further...

USDCAD Daily Analysis – August 10, 2020

by ForexCycle.com | August 10, 2020 5:03 am
USDCAD remains in the downtrend from 1.3715. As long as the price is in the falling price channel on the 4-hour chart, the bounce from 1.3233 could be treated as consolidation for the downtrend, and further decline...

USDCAD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:24 am
USDCAD broke below 1.3314 support and extended its downside movement from 1.4667 to as low as 1.3233. As long as the price is in the falling price channel on the daily chart, the downside movement could be...

USDCAD Daily Analysis – August 6, 2020

by ForexCycle.com | August 5, 2020 10:36 pm
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3715. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDCAD Daily Analysis – August 5, 2020

by ForexCycle.com | August 5, 2020 3:40 am
USDCAD broke below 1.3330 support and extended its downside movement from 1.3715 to as low as 1.3282. Further decline could be expected in the coming days and next target would be at 1.3200 aera. Near term resistance...

USDCAD Daily Analysis – August 4, 2020

by ForexCycle.com | August 3, 2020 10:02 pm
USDCAD moved sideways in a trading range between 1.3330 and 1.3458. The sideways movement is likely consolidation for the downtrend from 1.3715, and further decline towards 1.3200 is possible after the consolidation. Near term resistance is at...