USDCAD Double Bottom (Feb 13, 2018)
USDCAD could be in for a long-term reversal from its selloff as price has formed a double bottom on its daily time frame. The pair has yet to test the neckline around the 1.2950 minor psychological level,...
Tag: USDCAD
USD/CAD Price Forecast February 13, 2018, Technical Analysis
The US dollar has rallied initially during the trading session on Monday against the Canadian dollar, as the oil markets continue to sell off. The oversupply of crude oil is going to become an issue, and I...
USDCAD Daily Analysis – February 13, 2018
USDCAD remains in the uptrend from 1.2247, the pullback from 1.2688 is likely consolidation of the uptrend. Range trading between 1.2489 and 1.2688 is possible in a couple of days. As long as 1.2489 support holds, the...
USDCAD Daily Analysis – February 12, 2018
USDCAD is in uptrend from 1.2247, the fall from 1.2688 is likely correction of the uptrend. Support levels are at 1.2489 and 1.2400. As long as these levels hold, the uptrend could be expected to resume, and...
USDCAD Weekly Analysis – February 11, 2018
USDCAD broke above 1.2590 resistance, confirming that the downside movement from 1.2920 had completed at 1.2248 already. Further rise to test 1.2920 resistance would likely be seen after consolidation. Support levels are at 1.2400 and 1.2248, only...
USD/CAD Price Forecast February 9, 2018, Technical Analysis
As you can see on the chart, I had an ellipse marked from the previous session, an area that I thought was going to cause a bit of support. It does look as if that’s happening on...
USDCAD Daily Analysis – February 9, 2018
USDCAD extended its upside movement from 1.2247 to as high as 1.2614, breaking above 1.2590 resistance. Near term support is at 1.2489. As long as this level holds, the uptrend could be expected to continue and next...
USD/CAD Price Forecast February 8, 2018, Technical Analysis
The US dollar has rallied against the Canadian dollar during the trading session on Tuesday, as the market continues to price and the fact that the shale producers in the United States are starting to crank out...
USDCAD Daily Analysis – February 8, 2018
USDCAD is testing 1.2590 resistance. A breakout of this level would confirm that the downtrend from 1.2920 had completed at 1.2247 already, then further rise to 1.2750 area could be seen. Near term support is at 1.2485,...
USDCAD Daily Analysis – February 7, 2018
USDCAD is facing 1.2590 resistance. A breakout of this level would suggest that the downtrend from 1.2920 had completed at 1.2247 already, then further rise to 1.2750 area could be seen. Near term support is at 1.2430,...