The USD/CAD pair tried to break above the 1.13 level during the session on Tuesday, but ended up falling. That being the case, we ended up forming a negative candle but we believe that the market is...
USDCAD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1466, the rise from 1.1191 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
The USD/CAD pair had a strong will higher during the course of the day on Monday, testing the 1.13 handle. That area of course has been supportive in the past so it’s not a big surprise that...
USDCAD’s downward movement from 1.1466 extended to as low as 1.1191. Further decline to test 1.1121 support could be expected. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend...
USDCAD broke below the bottom of the price channel on daily chart, deeper decline to test 1.1121 support is possible, a breakdown below this level will signal completion of the uptrend from 1.0619, then the following downward...
The USD/CAD pair initially tried to rally during the session here on Thursday, but fell back down and tested the 1.13 level. With that, it appears that the market should continue to find buyers just below, and...
After touching the downward trend line on 4-hour chart, USDCAD pulled back from 1.1369, indicating that the pair remains in downtrend from 1.1466. Further decline would likely be seen, and next target would be at 1.1200 area....
The USD/CAD pair initially fell during the course of the day on Wednesday, but found the 1.13 level to be supportive enough to turn things back around. By doing so, we ended up forming a hammer, and...
USDCAD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will signal completion of the downtrend from 1.1466, then the following upward movement could bring price...
The USD/CAD pair tried to break up above the 1.13 level during the session on Tuesday, but as you can see struggled to do so. With that being the case, the market looks as if it is...
