USDCAD Daily Analysis – July 30, 2020

by ForexCycle.com | July 29, 2020 10:20 pm
USDCAD remains in the downtrend from 1.3715. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.3200...

USDCAD Daily Analysis – July 28, 2020

by ForexCycle.com | July 28, 2020 1:00 am
USDCAD’s downside movement from 1.3715 extended to as low as 1.3337. Further decline would likely be seen and next target would be at 1.3200 area. Near term resistance is at 1.3444, above this level could bring the...

USDCAD Daily Analysis – July 27, 2020

by ForexCycle.com | July 26, 2020 10:49 pm
USDCAD extended its downside movement from 1.3715 to as low as 1.3350. Deeper decline to test 1.3314 support could be expected, a breakdown below this level could trigger further downside movement towards 1.3200. Near term resistance is...

USDCAD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:15 am
USDCAD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDCAD Daily Analysis – July 24, 2020

by ForexCycle.com | July 24, 2020 3:14 am
USDCAD’s downside movement from 1.3715 extended to as low as 1.3350. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – July 23, 2020

by ForexCycle.com | July 22, 2020 10:30 pm
USDCAD extended its downside movement from 1.3715 to as low as 1.3399. Further decline is still possible after a minor consolidation and next target would be at 1.3300 area. Near term resistance is at 1.3485, a break...

USDCAD Daily Analysis – July 22, 2020

by ForexCycle.com | July 22, 2020 1:57 am
USDCAD broke below 1.3485 support. Further decline could be expected in the coming days and next target would be at 1.3300 area. Near term resistance is at 1.3480, a break of this level could bring the price...

USDCAD Daily Analysis – July 21, 2020

by ForexCycle.com | July 21, 2020 4:39 am
USDCAD is facing 1.3485 support once again. A breakdown below this level could trigger another fall towards 1.3300. Resistance level is at 1.3645, a breakout of this level could take the price to 1.3800 zone.

USDCAD Daily Analysis – July 20, 2020

by ForexCycle.com | July 19, 2020 10:40 pm
USDCAD continued its sideways movement in a trading range between 1.3490 and 1.3645. A breakdown below 1.3490 support could take the price to 1.3300 area, and a breakout above1.3645 resistance could trigger further upside movement towards 1.3800.

USDCAD Weekly Analysis – July 19, 2020

by ForexCycle.com | July 19, 2020 1:34 pm
USDCAD is facing the resistance of the falling price channel on the daily chart. As long as the channel resistance holds, the downside movement from 1.4667 could be expected to continue and next target would be at...