USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.
USDCAD formed double top price pattern on a H4 interval chart, which might indicate enduring downward movement. Another factor biasing toward bearish scenario is the fact that pair breached green trend line and is currently testing Fibonacci...
USDCAD stays in a trading range between 0.9977 and 1.0378. Moving sideways without trend in the range is still possible in a couple of weeks and bounce towards 1.0378 would more likely be seen next week. Support...
USDCAD keeps on moving sideways in a range between 0.9977 and 1.0378. The sideways movement is expected to continue next week and bounce to 1.0200 area would likely be seen. Support is at 0.9977, below this level...
USDCAD moved sideways in a range between 0.9977 and 1.0378 for several weeks. Now the pair is facing 0.9977 support, below this level will indicate that downtrend has resumed, and the target would be at 0.9700-0.9800 area.
EURUSD The Euro continues to drop, as fear of an escalating crisis pressure the currency. Price has been moving down in a wide price channel. If price can penetrate the lower channel line, that would indicate a...
USDCAD traded in a range between 0.9977 and 1.0378. Another rise towards 1.0378 key resistance would more likely be seen next week, a break above this level will bring price further to 1.0600 or even higher. Support...
USDCAD After testing the falling trendline, prices have resumed their downward trek. Interestingly the move down today is symmetrical to the move up that took price up from 1.01 to 1.0240 (see green box), a week ago....
EURUSD After a steep slide, the EURUSD starting recovering in the latter portion of last week, rising from 1.3450 to nearly 1.38. On the way down price broke through the 1.38 support level without much trouble, but...
Being supported by 0.9930 previous low, USDCAD traded in a range between 0.9977 and 1.0378. The price action in the trading range is likely forming a double bottom pattern. Another rise to test 1.0378 key resistance is...
