USDCAD Daily Analysis – August 28, 2018

by ForexCycle.com | August 28, 2018 2:14 am
USDCAD extended its downside movement from 1.3174 to as low as 1.2949, breaking below 1.2961 support. Further decline could be expected after a minor consolidation and next target would be at 1.2800 area. Resistance is at 1.3030,...

USDCAD Daily Analysis – August 27, 2018

by ForexCycle.com | August 27, 2018 1:56 am
USDCAD is facing 1.2986 support, a breakdown below this level could trigger another fall towards 1.2800. Resistance levels are at 1.3055 and 1.3103, only break above these levels could take the price to 1.3200 area.

USDCAD Weekly Analysis – August 26, 2018

by ForexCycle.com | August 26, 2018 5:58 am
USDCAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3385. As long as the trend line resistance holds, the price action from 1.2961 could be treated as consolidation for...

USDCAD Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:05 am
USDCAD broke above 1.3057 resistance, suggesting that the downside move from 1.3174 had completed at 1.2986 already. Further rally would likely be seen in a couple of days and next target would be at 1.3170 area. Support...

USDCAD Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:26 am
USDCAD’s downside movement from 1.3174 extended to as low as 1.2986. Further decline to test 1.2961 support is possible, a break below this level could trigger further downside movement to 1.2900 area. Near term resistance is at...

USDCAD Daily Analysis – August 22, 2018

by ForexCycle.com | August 22, 2018 4:42 am
USDCAD extended its downside movement from 1.3174 to as low as 1.3013. Further decline is still possible and next target would be at 1.2961 support. Near term resistance is at 1.3070, only a breakout of this level...

USDCAD Daily Analysis – August 21, 2018

by ForexCycle.com | August 21, 2018 1:59 am
USDCAD is now in downtrend from 1.3174. Further decline is still possible after a minor consolidation and next target would be at 1.2961 support. Near term resistance is at 1.3100, only a break of this level could...

USDCAD Daily Analysis – August 20, 2018

by ForexCycle.com | August 20, 2018 3:58 am
USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2961 had completed at 1.3174 already. Deeper decline is still possible and next target would be at 1.2961 support. Resistance...

USDCAD Weekly Analysis – August 19, 2018

by ForexCycle.com | August 19, 2018 2:27 am
USDCAD failed to break above the falling trend line on the daily chart and remains in the downtrend from 1.3385. Further decline is still possible and a breakdown below 1.2961 support could take the price to 1.2850...

USDCAD Daily Analysis – August 17, 2018

by ForexCycle.com | August 17, 2018 3:26 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2961. Further rise could be expected and next target would be at 1.3250 area. Key support is at 1.3050, only...