USDCAD Daily Analysis – July 23, 2014
USDCAD broke below the bottom of the price channel on 4-hour chart. Next support level is at 1.0707, as long as this level holds, the fall from 1.0794 could be treated as consolidation of the uptrend from...
Tag: USDCAD
USD/CAD Forecast July 22, 2014, Technical Analysis
The USD/CAD pair went back and forth during the day on Monday, essentially settling nothing by the time we closed. The 1.07 level is where we find the market being comfortable now, and as a result we...
USDCAD Daily Analysis – July 22, 2014
USDCAD remains in uptrend from 1.0619, the fall from 1.0794 could be treated as consolidation of the uptrend. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is...
USDCAD Daily Analysis – July 21, 2014
USDCAD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.0619, the fall from 1.0794 could be treated as consolidation of the uptrend. Support is now located at the bottom of the...
USDCAD Weekly Analysis – July 20, 2014
USDCAD is testing the trend line resistance, as long as the pair stays below the trend line, the downtrend from 1.1278 could be expected to continue, and next target would be at 1.0300 area. On the upside,...
USD/CAD Forecast July 21, 2014, Technical Analysis
The USD/CAD pair fell during the session on Friday, but bounced slightly in order to take back some of the losses. The weekly candle is a shooting star though, and as a result we are not ready...
Is the Canadian Dollar overvalued? – Paxforex
The Canadian Dollar has rallied from multi-month lows, especially against its Southern neighbor the US Dollar. The rally lasted in excess of 650 pips from an intra-day high of 1.1278 reached on March 20th 2014 to an...
USD/CAD Forecast July 18, 2014, Technical Analysis
The USD/CAD pair initially tried to fall during the course of the session on Thursday, but as you can see turned back around to form a relatively positive candle. We are still below the 1.08 handle now,...
USDCAD Daily Analysis – July 18, 2014
USDCAD remains in uptrend from 1.0619, the fall from 1.0794 is likely consolidation of the uptrend. Further rise is still possible and next target would be at 1.0850 area. Support is at 1.0700, only break below this...
USD/CAD Forecast July 16, 2014, Technical Analysis
The USD/CAD pair broke higher during the session on Tuesday, and even broke the top of the shooting star from the Monday session, and obviously bullish sign. We like this pair now that we have proven the...