USDCAD Daily Analysis – June 7, 2018

by ForexCycle.com | June 7, 2018 3:52 am
USDCAD failed to break below the bottom of the price channel on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.2728. Another rise towards 1.3100 would likely be seen in the coming days....

USDCAD Daily Analysis – June 6, 2018

by ForexCycle.com | June 6, 2018 1:38 am
USDCAD dropped sharply from 1.3066 after breaking above 1.3046 resistance. However, as long as the price is in the rising price channel on the 4-hour chart, the fall could be treated as consolidation for the uptrend from...

USDCAD Daily Analysis – June 5, 2018

by ForexCycle.com | June 5, 2018 3:27 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2728. As long as the channel support holds, the upside movement could be expected to continue and next target would...

USDCAD Daily Analysis – June 4, 2018

by ForexCycle.com | June 4, 2018 1:20 am
USDCAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100...

USDCAD Weekly Analysis – June 3, 2018

by ForexCycle.com | June 3, 2018 8:57 am
USDCAD broke above 1.2997 resistance, suggesting that the upside movement from 1.2526 has resumed. Further rise would likely be seen and next target would be at 1.3200 area. Support is at 1.2728, only a breakdown below this...

USDCAD Daily Analysis – June 1, 2018

by ForexCycle.com | June 1, 2018 2:38 am
USDCAD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 1.2728. Further rise could be expected over the next several days and next target would be at 1.3100 area. The...

USDCAD Daily Analysis – May 31, 2018

by ForexCycle.com | May 31, 2018 12:45 am
USDCAD broke below the bullish trend line on its 4-hour chart and dropped sharply to as low as 1.2835, suggesting that the upside movement from 1.2728 had completed at 1.3046 already. Further decline could be expected and...

USDCAD Daily Analysis – May 30, 2018

by ForexCycle.com | May 30, 2018 3:11 am
USDCAD stays above a rising trend line on its 4-hour chart and remains in the uptrend from 1.2728. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – May 29, 2018

by ForexCycle.com | May 29, 2018 4:00 am
USDCAD extended its upside movement from 1.2728 to as high as 1.3021, breaking above 1.2997 resistance. Further rise is still possible and next target would be at 1.3100 area. Support is at the bullish trend line on...

USDCAD Daily Analysis – May 28, 2018

by ForexCycle.com | May 28, 2018 12:48 am
USDCAD broke above 1.2924 resistance and is now facing 1.2997 resistance. A breakout of this level would take the price to 1.3100 area. Near term support is at the rising trend line on the 4-hour chart, only...