USDCAD Daily Analysis – March 6, 2019

by ForexCycle.com | March 6, 2019 1:45 am
USDCAD extended its upside movement from 1.3112 to as high as 1.3365. Further rise is still possible and next target would be at 1.3450 area. Support is at 1.3320, a breakdown below this level could bring the...

USDCAD Daily Analysis – March 5, 2019

by ForexCycle.com | March 5, 2019 3:10 am
USDCAD broke above 1.3241 resistance and extended its upside movement from 1.3112 to as high as 1.3337. Further rise could be expected in a couple of days and next target would be at 1.3450 area. Support is...

USDCAD Weekly Analysis – March 3, 2019

by ForexCycle.com | March 3, 2019 9:40 am
USDCAD moved sideways in a trading range between 1.3068 and 1.3375 for several weeks. Key resistance is located at 1.3375. As long as this level holds, the price action in the range could be treated as consolidation...

USDCAD Daily Analysis – March 1, 2019

by ForexCycle.com | March 1, 2019 3:48 am
USDCAD failed to break below 1.3112 support and stayed in a trading range between 1.3112 and 1.3241. As long as 1.3241 resistance holds, the price action in the range could be treated as consolidation for the downtrend...

USDCAD Daily Analysis – February 28, 2019

by ForexCycle.com | February 28, 2019 5:08 am
USDCAD is facing 1.3112 support, a breakdown below this level could signal resumption of the downtrend from 1.3339, then next target would be at 1.3000 area. Resistance is at 1.3241, only a break of this level could...

USDCAD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:17 am
USDCAD moved sideways in a trading range between 1.3112 and 1.3241. As long as 1.3241 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3339, further decline towards 1.3000 is still possible...

USDCAD Daily Analysis – February 26, 2019

by ForexCycle.com | February 26, 2019 3:26 am
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3112 could be treated as consolidation for the downtrend from 1.3339, another...

USDCAD Daily Analysis – February 25, 2019

by ForexCycle.com | February 25, 2019 3:33 am
USDCAD extended its downside movement from 1.3339 to as low as 1.3124. As long as the price is below the falling trend line on the 4-hour chart, further decline is still possible and next target would be...

USDCAD Weekly Analysis – February 24, 2019

by ForexCycle.com | February 24, 2019 3:13 am
USDCAD continued its sideways movement in a trading range between 1.3068 and 1.3375. As long as 1.3375 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.3664, a...

USDCAD Daily Analysis – February 22, 2019

by ForexCycle.com | February 22, 2019 2:02 am
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3149 could be treated as consolidation for the downtrend from 1.3339, another...