USD/CAD Forecast July 29, 2014, Technical Analysis
The USD/CAD pair initially tried to rally during the day on Monday, but as you can see fell back down towards the 1.08 handle. The level course has been supportive in the past, and now that we...
Tag: USDCAD
USDCAD Daily Analysis – July 29, 2014
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0619. Further rise could be expected and next target would be at 1.0900 area. Near term support is at the upward trend...
USDCAD Daily Analysis – July 28, 2014
USDCAD broke above 1.0794 resistance, and the uptrend from 1.0619 extended to as high as 1.0821. Further rise could be expected and next target would be at 1.0900 area. Near term support is at the upward trend...
USDCAD Weekly Analysis – July 26, 2014
USDCAD broke above the downward trend line on daily chart, indicating that the downtrend from 1.1278 had completed at 1.0619 already. Further rise could be expected, and next target would be at 1.1000 area. Support is at...
USD/CAD Forecast July 28, 2014, Technical Analysis
The USD/CAD pair broke higher during the course of the day on Friday, slicing through the 1.06 level. This level has been resistive previously, and as a result we feel that this market should continue to go...
USD/CAD Forecast July 25, 2014, Technical Analysis
The USD/CAD pair initially fell during the session on Thursday, but found enough support at the 1.07 region to turn things back around and form a hammer. Will we find particularly interesting about this market is that...
USDCAD Daily Analysis – July 25, 2014
USDCAD remains in uptrend from 1.0619, the fall from 1.0794 is likely consolidation of the uptrend. As long as 1.0707 support holds, the uptrend could be expected to resume, and another rise to 1.0850 area is still...
USD/CAD Forecast July 24, 2014, Technical Analysis
The USD/CAD pair initially fell during the session on Wednesday, but found enough support at the 1.07 level to turn things back around and form a hammer. That hammer of course suggests that the market is ready...
USDCAD Daily Analysis – July 24, 2014
USDCAD moved sideways in a trading range between 1.0707 and 1.0794. As long as 1.0707 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0619, another rise to 1.0850...
USD/CAD Forecast July 23, 2014, Technical Analysis
The USD/CAD pair initially rallied during the session on Tuesday, but turned back around and form a shooting star. The shooting star courses negative, but overall this market has been very sideways for the last two weeks....