USDCAD Daily Analysis – October 17, 2018

by ForexCycle.com | October 17, 2018 5:22 am
USDCAD extended it downside movement from 1.3071 extended to as low as 1.2915, breaking below 1.2926 support. Further decline could be expected and next target would be at 1.2800 area. Resistance is at 1.3000, only a breakout...

USDCAD Daily Analysis – October 16, 2018

by ForexCycle.com | October 16, 2018 3:03 am
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2782 is needed. Range trading between 1.2926 and 1.3071 would likely be seen in a couple of days....

USDCAD Daily Analysis – October 15, 2018

by ForexCycle.com | October 15, 2018 2:44 am
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

USDCAD Weekly Analysis – October 14, 2018

by ForexCycle.com | October 14, 2018 2:54 am
USDCAD stays below a bearish trend line on the daily chart and remains in the downtrend from 1.3385. As long as the trend line resistance holds, the downtrend could be expected to resume, and another fall towards...

USDCAD Daily Analysis – October 11, 2018

by ForexCycle.com | October 11, 2018 2:12 am
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3226 had completed at 1.2782 already. Further rise is still possible and next target would be at 1.3150 area. Support...

USDCAD Daily Analysis – October 10, 2018

by ForexCycle.com | October 10, 2018 2:49 am
USDCAD failed in its attempts to break above the falling trend line on the 4-hour chart and pulled back to 1.2930 area, suggesting that corrective consolidation for the uptrend from 1.2782 is underway. Deeper decline would likely...

USDCAD Daily Analysis – October 9, 2018

by ForexCycle.com | October 9, 2018 2:54 am
USDCAD failed to break above the falling trend line on the 4-hour chart and pulled back from 1.3009. Near term support is at 1.2920, as long as this level holds, another rise to test the trend line...

USDCAD Daily Analysis – October 8, 2018

by ForexCycle.com | October 8, 2018 1:03 am
USDCAD broke above 1.2930 resistance and extended its upside movement to as high as 1.2954. Further rally is still possible and next target would be at 1.3050 area. Near term support is at 1.2880, only a breakdown...

USDCAD Weekly Analysis – October 7, 2018

by ForexCycle.com | October 7, 2018 7:42 am
USDCAD extended its downside movement from 1.3385 to as low as 1.2782, breaking below 1.2887 support. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected...

USDCAD Daily Analysis – October 4, 2018

by ForexCycle.com | October 4, 2018 2:02 am
USDCAD’s bounce from 1.2782 extended to as high as 1.2884. However the bounce is likely consolidation for the downtrend from 1.3081. Another fall is possible after the consolidation and a breakdown below 1.2782 support could trigger further...