USD/CAD Forecast July 8, 2014, Technical Analysis
The USD/CAD pair initially fell during the session on Monday, but found support at the exact same place that we have several times in a row. On top of that, there is an uptrend line that the...
Tag: USDCAD
USDCAD Daily Analysis – July 8, 2014
No changed in our view, USDCAD remains in downtrend from 1.0960. Resistance is at 1.0700, as long as this level holds, the rise from 1.0619 could be treated as consolidation of the downtrend. Another fall could be...
USDCAD Daily Analysis – July 7, 2014
USDCAD remains in downtrend from 1.0960, the rise from 1.0619 is likely consolidation of the downtrend. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected to continue, and next target would...
USDCAD Weekly Analysis – July 5, 2014
USDCAD stays below the downward trend line on daily chart, and remains in downtrend from 1.1278. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
USD/CAD Forecast July 7, 2014, Technical Analysis
The USD/CAD pair had a slightly positive session on Friday, as we continue to walk along the uptrend line that has been so influential in this market lately. As long as we are above the 1.06 level,...
USD/CAD Forecast July 4, 2014, Technical Analysis
The USD/CAD pair fell during the course of the session on Thursday, testing the uptrend line that we have been bouncing off of recently. The market still sits above the 1.06 handle, so we are not interested...
USDCAD Daily Analysis – July 4, 2014
USDCAD’s downward movement from 1.0960 extended to as low as 1.0620. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0500 area. Only...
USD/CAD Forecast July 3, 2014, Technical Analysis
The USD/CAD pair rose during the session on Wednesday, bouncing off of the trend line that has been rising and supporting this market for some time now. On top of that, we are still above the 1.06...
USDCAD Daily Analysis – July 3, 2014
USDCAD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.0960 is underway. Range trading between 1.0626 and 1.0710 is possible in a couple of days. Resistance is at 1.0710,...
USD/CAD Forecast July 2, 2014, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, but remains above the 1.06 handle. It is not until we clear that area to the downside that we are comfortable selling. In fact, with the nonfarm payroll...