USDCAD Daily Analysis – June 9, 2020

by ForexCycle.com | June 9, 2020 3:38 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3356. 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...

USDCAD Daily Analysis – June 8, 2020

by ForexCycle.com | June 8, 2020 2:42 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. Further decline would likely be seen after a minor consolidation and next target would be at 1.3300 area. Near...

USDCAD Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:29 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3467. 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...

USDCAD Daily Analysis – June 4, 2020

by ForexCycle.com | June 4, 2020 1:51 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. Further decline could be expected after a minor consolidation and next target would be at 1.3350 area. Near term...

USDCAD Daily Analysis – June 2, 2020

by ForexCycle.com | June 2, 2020 2:29 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3544. 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...

USDCAD Daily Analysis – June 1, 2020

by ForexCycle.com | June 1, 2020 3:11 am
USDCAD’s downside movement from 1.4048 extended to as low as 1.3698. Further decline is still possible and next target would be at 1.3600 area. Resistance is at 1.3831, only break above this level could trigger another rise...

USDCAD Daily Analysis – May 29, 2020

by ForexCycle.com | May 29, 2020 3:43 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3727. The downside movement could be expected to continue and next target would be at 1.3600 area. Near term resistance is at 1.3840, a breakout of...

USDCAD Daily Analysis – May 28, 2020

by ForexCycle.com | May 28, 2020 2:47 am
USDCAD remains in the downtrend from 1.4048, further decline would likely be seen after a minor consolidation and next target would be at 1.3600 area. Near term resistance is at 1.3840, only break above this level could...

USDCAD Daily Analysis – May 27, 2020

by ForexCycle.com | May 27, 2020 4:14 am
USDCAD broke below 1.3849 support, further decline would likely be seen after a minor consolidation and next target would be at 1.3600 area. Near term resistance is at 1.3840, a breakout of this level could bring the...

USDCAD Daily Analysis – May 26, 2020

by ForexCycle.com | May 26, 2020 1:52 am
USDCAD is facing 1.3950 support, a breakdown below this level could trigger another fall to test 1.3849 support. However, as long as 1.3950 support holds, the pullback from 1.4048 could be treated as consolidation for the uptrend...