USDCAD Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:11 am
USDCAD broke above the bearish trend line on the 4-hour chart, suggesting that the downtrend from 1.4264 had completed at 1.3849 already. Further rally would likely be seen in the coming days and next target would be...

USDCAD Daily Analysis – April 30, 2020

by ForexCycle.com | April 30, 2020 1:38 am
USDCAD is facing 1.3854 support, a breakdown below this level could trigger further downside movement to 1.3700 area. Resistance is located at the bearish trend line on the 4-hour chart, a breakout of the trend line resistance...

USDCAD Daily Analysis – April 29, 2020

by ForexCycle.com | April 29, 2020 3:43 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4264. As long as the trendline resistance holds, the downside movement could be expected to continue and next target would...

USDCAD Daily Analysis – April 28, 2020

by ForexCycle.com | April 28, 2020 1:10 am
USDCAD remains in the downtrend from 1.4264, further decline would likely be seen in a couple of days and next target would be at 1.3900 area. Near term resistance is at 1.4120, only break above this level...

USDCAD Daily Analysis – April 27, 2020

by ForexCycle.com | April 27, 2020 2:07 am
USDCAD’s fall from 1.4264 extended to as low as 1.3999. As long as 1.4140 resistance holds, the downside movement could be expected to continue and next target would be at 1.3900 area. On the upside, a breakout...

USDCAD Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:41 am
USDCAD broke above 1.4250 resistance, suggesting that the downside movement from 1.4667 had completed at 1.3854 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.4600 area. Support...

USDCAD Daily Analysis – April 24, 2020

by ForexCycle.com | April 24, 2020 2:31 am
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3854 had completed at 1.4264 already. Further decline would likely be seen and next target would be at 1.3854 support....

USDCAD Daily Analysis – April 23, 2020

by ForexCycle.com | April 23, 2020 1:43 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3854. As long as the channel support holds, the upside movement could be expected to continue and next target would...

USDCAD Daily Analysis – April 22, 2020

by ForexCycle.com | April 22, 2020 1:08 am
USDCAD extended its upside movement from 1.3854 to as high as 1.4264, breaking above 1.4182 resistance. Further rise could be expected in the coming days and next target would be at 1.4400 area. Near term support is...

USDCAD Daily Analysis – April 21, 2020

by ForexCycle.com | April 21, 2020 2:05 am
USDCAD is facing 1.4182 resistance, a break of this level could signal resumption of the uptrend from 1.3854, then next target would be at 1.4400 area. Support is at 1.3960, a breakdown below this level could trigger...