USDCAD Analysis – July 25, 2009

by ForexCycle.com | July 25, 2009 1:30 am
USDCAD is testing 1.0784 previous low support, a break below this level will signal deeper decline towards 1.0400-1.0500 area. Near term resistance is at 1.1150, only rise above this level will suggest that the fall from 1.1723...

USDCAD Analysis – July 19, 2009

by ForexCycle.com | July 19, 2009 1:23 am
After breaking below the lower border of the price channel, USDCAD drops sharply to as low as 1.1116 level. Further fall towards 1.0784 previous low is expected next week. Near term resistance is at 1.1260 followed by...

USDCAD Analysis – July 15, 2009

by ForexCycle.com | July 15, 2009 1:22 am
USDCAD breaks below the rising price channel on daily chart, suggesting that a cycle top has been formed at 1.1723 level on daily chart, pullback towards 1.1000 zone is now in favor. However, the fall from 1.1723...

USDCAD Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 1:03 am
USDCAD stays in the rising price channel on daily chart and remains in uptrend from 1.0784. Further rally to test 1.1813 resistance is possible next week. Near term support is at the lower border of the price...

USDCAD Analysis – July 4, 2009

by ForexCycle.com | July 4, 2009 3:17 am
USDCAD remains in uptrend from 1.0784, further rally is possible to test 1.1813 resistance next week. Near term support is at the lower border of the rising price channel on daily chart now at 1.1390, only clear...

USDCAD Analysis – June 27, 2009

by ForexCycle.com | June 27, 2009 1:58 am
USDCAD broke above the upper border of the falling price channel, suggesting that the downtrend from 1.3063 has completed at 1.0784 level already. Further rally to 1.1700 zone to reach the next cycle top on daily chart...

USDCAD Analysis – June 20, 2009

by ForexCycle.com | June 20, 2009 1:48 am
USDCAD is moving to the next cycle top on daily chart. Further rebound to 1.1500 is still possible next week. However, the next cycle top is nearing, and the pair could be topping at 1.1448 level. Key...

USDCAD Analysis – June 13, 2009

by ForexCycle.com | June 13, 2009 3:08 am
USDCAD is forming a cycle top at 1.1289 level on daily chart. As long as 1.1289 resistance holds, we’d expect the downtrend to resume and further fall towards 1.0400 zone is possible. However, above 1.1289 level will...

USDCAD Analysis – June 10, 2009

by ForexCycle.com | June 10, 2009 2:30 am
Being contained by the resistance of the falling trend line from 1.2504 to 1.1813, USDCAD drops from 1.1289 level, suggesting that a cycle top is being formed on daily chart. Further fall is expected to re-test 1.0784...

USDCAD Analysis – June 6, 2009

by ForexCycle.com | June 6, 2009 4:22 am
USDCAD stays below the falling trend line from 1.2504 to 1.1813 and remains in downtrend from 1.3063. The rebound from 1.0784 is more likely consolidation of downtrend. However, above the trend line resistance will suggest that a...