USDCAD Analysis – December 19, 2009

by ForexCycle.com | December 19, 2009 3:27 pm
USDCAD is testing key resistance of 1.0748, a break above this level will indicate that a cycle bottom has been formed at 1.0405 level on daily chart, then a sharp move towards 1.1000 could be seen to...

USDCAD Analysis – December 12, 2009

by ForexCycle.com | December 12, 2009 12:50 pm
USDCAD has consolidated in a range between 1.0405 and 1.0852 for several weeks. Another fall below 1.0206 previous low would more likely be seen after consolidation. Resistance is at 1.0852, only rise above this level could signal...

USDCAD Analysis – December 5, 2009

by ForexCycle.com | December 5, 2009 8:51 am
USDCAD continues to trade in range between 1.0405 and 1.0852. As long as 1.0852 resistance holds, another fall towards 1.0000 is expected after consolidation. Key resistance is at 1.0852, only rise above 1.0852 will indicate lengthier correction...

USDCAD Analysis – November 28, 2009

by ForexCycle.com | November 28, 2009 10:25 am
USDCAD traded in range between 1.0416 and 1.0852. As long as 1.0852 resistance holds, we’d expected downtrend to resume and another fall towards 1.000 would more likely be seen. Only rise above 1.0852 will indicate lengthier correction...

USDCAD Analysis – November 21, 2009

by ForexCycle.com | November 21, 2009 4:53 am
USDCAD’s fall from 1.0852 completed at 1.0416 level already. Now the rebound from 1.0416 could possibly be resumption of uptrend from 1.0206. Another rise to 1.1000 zone would more likely be seen in a couple of weeks....

USDCAD Analysis – November 14, 2009

by ForexCycle.com | November 14, 2009 11:56 am
USDCAD’s fall from 1.0852 extended to as low as 1.0416 level. If bearish continues next week, the fall from 1.0852 will be treated as resumption of long term downtrend, then deeper decline could be seen to re-test...

USDCAD Analysis – November 7, 2009

by ForexCycle.com | November 7, 2009 5:04 am
USDCAD remains in upward trend from 1.0206 and the fall from 1.0852 is more likely consolidation of uptrend. Another rise towards 1.1124 is expected after consolidation, and a break above 1.0852 could signal resumption of uptrend. Support...

Daily Forex Analysis by Finexo.com 06/11/2009

by Finexo.com | November 6, 2009 7:53 am
AUD   The Australian Dollar rose modestly on Thursday after Reserve Bank of Australia (RBA) Governor Glenn Stevens, the head of Australia’s central bank, said the country was on headed towards recovery and that spare capacity in...

USDCAD Analysis – October 31, 2009

by ForexCycle.com | October 31, 2009 3:00 pm
USDCAD’s rise from 1.0206 extended to as high as 1.0846. Further rise towards 1.1124 resistance is still possible next week. However, the rise from 1.0206 is more likely correction of long term downtrend, and another fall is...

USDCAD Analysis – October 25, 2009

by ForexCycle.com | October 25, 2009 1:03 am
USDCAD remains in downtrend from 1.1723 and the rise from 1.0206 is more likely consolidation of downtrend. Range trading between 1.0206 and 1.0700 is expected. Another fall is still possible after consolidation and a break below 1.0206...