USDCAD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:33 am
USDCAD is facing 1.3920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3700 area. Near term resistance is at 1.4070, a break of this level...

USDCAD Daily Analysis – April 7, 2020

by ForexCycle.com | April 7, 2020 2:18 am
USDCAD stays in a trading range between 1.3920 and 1.4348. As long as 1.4348 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.4667, and further decline to 1.3800...

USDCAD Daily Analysis – April 6, 2020

by ForexCycle.com | April 6, 2020 12:41 am
USDCAD continue its sideways movement in a trading range between 1.3920 and 1.4348. The price action in the range is likely consolidation for the downtrend from 1.4667, and further decline to 1.3800 area is still possible after...

USDCAD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:21 am
USDCAD remains in the uptrend from 1.2951, the pullback from 1.4667 is likely consolidation for the uptrend. As long as 1.3920 support holds, the upside movement could be expected to resume, and further rise towards 1.1500 is...

USDCAD Daily Analysis – April 3, 2020

by ForexCycle.com | April 3, 2020 1:23 am
USDCAD moved sideways in a trading range between 1.3920 and 1.4348. As long as 1.4348 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.4667 and further decline to 1.3800 area is...

USDCAD Daily Analysis – April 2, 2020

by ForexCycle.com | April 2, 2020 2:12 am
USDCAD stays in a falling price channel on the 4-hour 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 – April 1, 2020

by ForexCycle.com | April 1, 2020 2:41 am
USDCAD remains in the uptrend from 1.3920, the pullback from 1.4348 is likely corrective consolidation for the uptrend. Another rise would likely be seen and a break of 1.4348 resistance could trigger another rise towards 1.4600. Support...

USDCAD Daily Analysis – March 31, 2020

by ForexCycle.com | March 31, 2020 2:58 am
USDCAD’s downside movement from 1.4667 had completed at 1.3920 already. Further rally could be expected in the coming days and next target would be at 1.4450 area. Support is at 1.3920, only break below this level could...

USDCAD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:22 am
USDCAD broke below 1.4148 support, suggesting that the upside movement from 1.3201 had completed at 1.4667 already. Further decline would likely be seen and next target would be at 1.3800 area. Resistance is at 1.4155, a break...

USDCAD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:07 am
USDCAD dropped sharply from 1.4667 to 1.3920. Further decline would likely be seen next week, and next target would be at the rising trend line on the daily chart. Near term resistance is at 1.4270, a break...