USDCAD Daily Analysis – May 3, 2018

by ForexCycle.com | May 3, 2018 3:44 am
USDCAD continued its sideways movement in a trading range between 1.2803 and 1.2913. As long as 1.2803 support holds, the upside movement from 1.2526 could be expected to continue and a breakout of 1.2913 resistance could take...

USDCAD Daily Analysis – May 2, 2018

by ForexCycle.com | May 2, 2018 2:05 am
USDCAD moved sideways in a trading range between 1.2804 and 1.2913. A breakdown below 1.2804 support would indicate that corrective consolidation for the uptrend from 1.2526 is underway, then the pair would find support at around 1.2600....

USDCAD Daily Analysis – May 1, 2018

by ForexCycle.com | May 1, 2018 2:02 am
USDCAD broke below 1.2812 support, suggesting that the upside movement from 1.2526 had completed at 1.2899 already. Deeper decline would likely be seen over the next several days and the target would be at 1.2600 area. Resistance...

USDCAD Weekly Analysis – April 29, 2018

by ForexCycle.com | April 29, 2018 9:13 am
USDCAD is now in uptrend from 1.2526. Further rise could be expected after a corrective consolidation and next target would be at 1.3100 area. Near term support is at 1.2800, a breakdown below this level would indicate...

USDCAD Daily Analysis – April 27, 2018

by ForexCycle.com | April 27, 2018 12:57 am
USDCAD moved sideways in a trading range between 1.2812 and 1.2897. As long as this level holds, the uptrend could be expected to continue and next target would be at 1.3000 area. Key support is at 1.2812,...

USDCAD Daily Analysis – April 26, 2018

by ForexCycle.com | April 26, 2018 3:07 am
USDCAD’s upside movement from 1.2526 extended to as high as 1.2897. Further rise is still possible and next target would be at 1.2950 area. Key support is at 1.2812, only a breakdown below this level would indicate...

USDCAD Daily Analysis – April 25, 2018

by ForexCycle.com | April 25, 2018 2:46 am
USDCAD remains in the uptrend from 1.2526. Further rise would likely be seen after a minor consolidation and next target would be at 1.2930 area. Support is at 1.2750, only a breakdown below this level could bring...

USDCAD Daily Analysis – April 23, 2018

by ForexCycle.com | April 23, 2018 2:52 am
USDCAD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.3124 had completed at 1.2526 already. Further rally would likely be seen after a minor consolidation...

USDCAD Weekly Analysis – April 22, 2018

by ForexCycle.com | April 22, 2018 8:55 am
USDCAD’s downside movement from 1.3124 had completed at 1.2526 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.3000 area. Support is at 1.2526, only a breakdown below...

USDCAD Daily Analysis – April 20, 2018

by ForexCycle.com | April 20, 2018 3:56 am
USDCAD’s bounce from 1.2526 extended to as high as 1.2675, facing the resistance of the top trend line of the price channel on the 4-hour chart. A clear break above the channel resistance would indicate that the...