USDCAD Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:42 pm
USDCAD is testing 0.9987 previous low support, a break of this level will indicate lengthier consolidation is underway, and deeper decline to retest 0.9709 could be seen. Key resistance is now located at 1.0326, only break of...

USDCAD Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:53 pm
USDCAD traded in range between 0.9987 and 1.0326. Further rise is possible to retest resistance of the down trend line from 1.0378 to 1.0326. Key resistance is now located at 1.0326, as long as this resistance hold,...

USDCAD Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:57 pm
USDCAD formed a sideways consolidation in a range between 0.9987 and 1.0326. The fall from 1.0326 could possibly be resumption of the down trend. Deeper decline to test 0.9709 previous low support is still in favor and...

USDCAD Analysis – Apr 26, 2008

by ForexCycle.com | April 25, 2008 9:46 pm
Being contained by the price channel resistance, USDCAD pulled back from 1.0326, and the fall from 1.0326 could possibly be resumption of the down trend. Deeper decline to test 0.9709 previous low support is still in favor...

USDCAD Analysis – Apr 23, 2008

by ForexCycle.com | April 22, 2008 8:13 pm
USDCAD is in down trend. Further fall to test 0.9709 previous low support is still in favor and a break of 0.9987 level will confirm such case. Key resistance is at 1.0378, only break of this level...

USDCAD Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 1:03 am
USDCAD formed a cycle top at 1.0326 level on daily chart. Pullback to retest 0.9709 previous low support is now in favor. Key resistance is at 1.0378, only break of this level will signal the resumption of...

USDCAD Analysis – Apr 16, 2008

by ForexCycle.com | April 15, 2008 7:19 pm
USDCAD pulled back from the price channel resistance and is forming a cycle top at 1.0326 on daily chart. Further fall to test 0.9709 previous low support is possible after correction, and a break of 1.0018 level...

USDCAD Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:44 am
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. As long as 1.0326 resistance holds, we’d expect down trend to resume and deeper decline to retest 0.9709 previous low support is still in...

USDCAD Analysis – Apr 9, 2008

by ForexCycle.com | April 8, 2008 8:33 pm
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. Deeper decline to retest 0.9709 previous low support is still in favor. Key resistance is located at 1.0378, only break of this level will...

USDCAD Analysis – Apr 5, 2008

by ForexCycle.com | April 4, 2008 8:35 pm
USDCAD broke below 1.0094 key support and formed a cycle top at 1.0326 on daily chart. The up trend from 0.9709 has completed and deeper decline to retest 0.9709 support could be seen in a couple of...