USDCAD Daily Analysis – July 17, 2020

by ForexCycle.com | July 17, 2020 2:37 am
USDCAD failed to break below 1.3485 support and stayed in a trading range between 1.3490 and 1.3645. A breakdown below 1.3485 support could take the price to 1.3300 area. Resistance is at 1.3645, above this level could...

USDCAD Daily Analysis – July 16, 2020

by ForexCycle.com | July 15, 2020 10:54 pm
USDCAD is facing 1.3485 support. A breakdown below this level could trigger another fall towards 1.3300. Near term resistance is at 1.3550, above this level could bring the price back to test 1.3645 resistance.

USDCAD Daily Analysis – July 15, 2020

by ForexCycle.com | July 15, 2020 4:19 am
USDCAD extended its upside movement from 1.3490 to as high as 1.3645. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a breakdown below this level could...

USDCAD Daily Analysis – July 14, 2020

by ForexCycle.com | July 14, 2020 12:22 am
USDCAD is now in the uptrend from 1.3490. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a breakdown below this level could trigger another downside movement...

USDCAD Daily Analysis – July 13, 2020

by ForexCycle.com | July 12, 2020 10:30 pm
USDCAD broke above 1.3623 resistance, suggesting that the downside movement from 1.3715 had completed at 1.3490 already. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a...

Elliott Wave View: Dips in USDCAD Should Find Buyers

by elliottwave-forecast.com | June 30, 2020 3:28 pm
USDCAD 45 minutes chart below shows that the pair has ended 3 wave pullback from June 15 high in wave 2. The pullback unfolded as double three Elliott Wave structure and ended at 1.3482 low. Afterwards, the...

USDCAD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 2:12 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 bounce from 1.3314 could be treated as consolidation for the downtrend...

USDCAD Daily Analysis – June 15, 2020

by ForexCycle.com | June 14, 2020 11:00 pm
USDCAD extended its upside movement from 1.3314 to as high as 1.3666. Further rally is still possible after a minor consolidation and next target would be at 1.3750 area. Near term support is at 1.3500, a breakdown...

USDCAD Daily Analysis – June 12, 2020

by ForexCycle.com | June 12, 2020 1:28 am
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.4048 had completed at 1.3314 already. Further rally would likely be seen and next target would be at 1.3850 area....

USDCAD Daily Analysis – June 11, 2020

by ForexCycle.com | June 11, 2020 3:47 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...