USDCAD Daily Analysis – October 3, 2018

by ForexCycle.com | October 3, 2018 4:43 am
USDCAD remains in the downtrend from 1.3081, the bounce from 1.2782 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.2700 area. Resistance is at 1.2870,...

USDCAD Daily Analysis – October 2, 2018

by ForexCycle.com | October 2, 2018 2:05 am
USDCAD extended its downside movement from 1.3081 to as low as 1.2782. Further decline is still possible after a minor consolidation and next target would be at 1.2700 area. Resistance is at 1.2870, only a break of...

USDCAD Daily Analysis – October 1, 2018

by ForexCycle.com | October 1, 2018 3:51 am
USDCAD dropped sharply from 1.3081 to as low as 1.2812. Further decline could be expected after a minor consolidation and next target would be at 1.2750 area. Resistance is at 1.2920, only a break of this level...

USDCAD Weekly Analysis – September 30, 2018

by ForexCycle.com | September 30, 2018 3:01 am
USDCAD is facing 1.2887 support once again. A breakdown below this level could trigger further downside movement towards 1.2800 area. Near term resistance is at 1.3081, followed by the falling trend line on the daily chart, only...

USDCAD Daily Analysis – September 28, 2018

by ForexCycle.com | September 28, 2018 2:45 am
USDCAD extended its upside movement from 1.2884 to as high as 1.3081, breaking above 1.3064 resistance. Further rally could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is...

USDCAD Daily Analysis – September 27, 2018

by ForexCycle.com | September 27, 2018 2:57 am
USDCAD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3226 had completed at 1.2884 already. The pair is now facing 1.3064 resistance, a breakout of this level could trigger...

USDCAD Daily Analysis – September 26, 2018

by ForexCycle.com | September 26, 2018 4:13 am
USDCAD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2884 could be treated as consolidation for the downtrend from 1.3226 and another fall...

USDCAD Daily Analysis – September 25, 2018

by ForexCycle.com | September 25, 2018 12:57 am
USDCAD is in consolidation for the downtrend from 1.3226. Range trading between 1.2884 and 1.2980 would likely be seen in a couple of days. Near term resistance is at the top of the price channel on the...

USDCAD Daily Analysis – September 24, 2018

by ForexCycle.com | September 24, 2018 2:04 am
USDCAD remains in the downtrend from 1.3226, the bounce from 1.2884 is likely consolidation for the downtrend. Near term resistance is at 1.2980, as long as this level holds, the downtrend could be expected to continue and...

USDCAD Weekly Analysis – September 23, 2018

by ForexCycle.com | September 23, 2018 12:11 am
USDCAD broke below 1.2887 support, suggesting that the downside movement from 1.3385 has resumed. Further decline could be expected in a couple of weeks and next target would be at 1.2800 area. Near term resistance is at...