USDCAD Analysis – March 12, 2011
USDCAD stays below a falling trend line on daily chart, and remains in downtrend from 1.0057. Deeper decline is still possible next week and next target would be at 0.9600 zone. Resistance is at the trend line,...
Tag: USDCAD
USDCAD Analysis – March 5, 2011
USDCAD remains in downtrend from 1.0057 and the fall extended to as low as 0.9683 level. Deeper decline is still possible after a minor consolidation, and next target would be at 0.9600 area. Resistance is at the...
USDCAD Analysis – February 26, 2011
USDCAD continued its downward movement from 1.0057, and the fall extended to as low as 0.9772 level. Deeper decline is expected next week and next target would be at 0.9600-0.9700 area. Resistance is at the downtrend line...
USD/CAD Outlook
Greetings. Let’s pull up the USD/CAD hourly chart. As you can see, we’re in a downward channel. We are at one of the last support lines and if we can break through and break away, then look...
USDCAD Analysis – February 19, 2011
USDCAD broke below 0.9831 previous low and reached as low as 0.9815 level. Deeper decline could be expected next week and next target would be at 0.9700 area. Resistance is at 0.9905, as long as this level...
USDCAD Analysis – February 12, 2011
USDCAD remains in downtrend from 1.0672 and the price action from 0.9836 is treated as consolidation of downtrend. Support is at 0.9831, a breakdown below this level will indicate that the downtrend has resumed, then deeper decline...
USDCAD Analysis – February 6, 2011
USDCAD continued its downward movement from 1.0672 and the fall extended further to as low as 0.9831 and next target would be at 0.9700 area. Resistance is at 1.0057, as long as this level holds, downtrend will...
USDCAD Analysis – January 29, 2011
USDCAD remains in downtrend from 1.0672, the bounce from 0.9836 is treated as consolidation of downtrend. Further rally is still possible next week and target would be at 1.0100 area. Support is at 0.9900, a break below...
USDCAD Analysis – January 22, 2011
USDCAD may be forming a cycle top at 1.0030 level on daily chart. Another fall towards 0.9700 would likely be seen next week. Resistance is now at 1.0030, only break above this level could indicate that lengthier...
USDCAD Analysis – January 15, 2011
USDCAD remains in downtrend from 1.0285 and the fall extended to as low as 0.9848 level. Further decline is still possible next week and next target would be at 0.9700 area. Resistance is at 0.9980, as long...