USDCAD Daily Analysis – September 3, 2014

by ForexCycle.com | September 3, 2014 2:08 am
USDCAD continued its upward movement from 1.0810, and the rise extended to as high as 1.0935. Further rise could be expected after a minor consolidation, and next target would be at 1.0975 area. Support is at 1.0900,...

USD/CAD Forecast September 2, 2014, Technical Analysis

by FX Empire | September 2, 2014 9:06 am
The USD/CAD pair fell slightly during the session on Monday, but with it being Labor Day in both the United States and Canada, there was in a whole lot in the way of liquidity. Because of this,...

USDCAD Daily Analysis – September 2, 2014

by ForexCycle.com | September 2, 2014 3:27 am
USDCAD’s upward movement from 1.0810 extended to as high as 1.0895. Further rise could be expected, and next target would be at 1.0950 area. Support is now at 1.0850, only break below this level could trigger another...

USDCAD Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:48 am
USDCAD’s downward movement from 1.0997 had completed at 1.0810 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and next target would be at 1.0950 area. Support levels are at...

USDCAD Weekly Analysis – August 30, 2014

by ForexCycle.com | August 30, 2014 1:51 pm
USDCAD remains in uptrend from 1.0619, the price action from 1.0985 is likely consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and another rise...

USD/CAD Forecast September 1, 2014, Technical Analysis

by FX Empire | August 30, 2014 1:22 pm
The USD/CAD pair fell during the bulk of the session on Friday, but then turned back around and form a nice-looking hammer. This hammer sits right at the 1.0850 region, which makes us think that the market...

USDCAD Daily Analysis – August 29, 2014

by ForexCycle.com | August 29, 2014 7:01 am
USDCAD remains in downtrend from 1.0997, the rise from 1.0828 is likely consolidation of the downtrend. Resistance is at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would...

USD/CAD Forecast August 29, 2014, Technical Analysis

by FX Empire | August 29, 2014 5:32 am
The USD/CAD pair fell during the day on Thursday, but as you can see bounced in order to form a bit of a hammer. With that being the case, it appears that the market may be trying...

USDCAD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:19 am
USDCAD broke below 1.0860 support, indicating that the uptrend from 1.0619 (Jul 3 low) had completed at 1.0997 already. Further decline is still possible, and next target would be at 1.0750 area. Resistance is at 1.0900, only...

USDCAD Reversal Formation (August 27, 2014)

by Kate Curtis | August 27, 2014 8:31 am
USDCAD seems to be exhausted from ts recent climb, as a reversal chart pattern can be seen on its 4-hour time frame. The pair is forming a double top after failing to break past the 1.1000 major...