USDCAD Daily Analysis – July 2, 2014
USDCAD remains in downtrend from 1.0960, and the fall extended to as low as 1.0628. Near term resistance is located at the falling trend line on 4-hour chart. As long as the trend line resistance holds, the...
Tag: USDCAD
USD/CAD Forecast July 1, 2014, Technical Analysis
The USD/CAD pair went back and forth on Monday, but essentially ended up unchanged. There is a significant uptrend line just below though, and as a result we feel that this market could in fact buying quite...
USDCAD Daily Analysis – July 1, 2014
USDCAD’s downward movement from 1.0960 extended to as low as 1.0646. Further decline could be expected after a minor consolidation, and next target would be at 1.0500 area. Resistance is at 1.0710, as long as this level...
USDCAD Daily Analysis – June 30, 2014
USDCAD continued its downward movement from 1.0960, and the fall extended to as low as 1.0659. Further decline could be expected after a minor consolidation, and next target would be at 1.0500 area. Resistance is at 1.0720,...
USDCAD Weekly Analysis – June 28, 2014
USDCAD’s downward movement from 1.1278 extended to as low as 1.0660. Further decline could be expected in a couple of weeks, and next target would be at 1.0300 area. Resistance is located at the downward trend line...
USD/CAD Forecast June 30, 2014, Technical Analysis
The USD/CAD pair fell again during the session on Friday, continuing to show significant bearishness. However, we are getting fairly close to a massive support area in the form of the 1.06 level, and the uptrend line...
USD/CAD Forecast June 27, 2014, Technical Analysis
The USD/CAD pair fell below the 1.07 handle during the day on Thursday, but as you can see failed to continue much lower than that. Nonetheless, it does appear that the market is going to drift lower...
USDCAD Daily Analysis – June 27, 2014
USDCAD’s downward movement from 1.0960 extended to as low as 1.0679. Resistance is now at 1.0735, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0600 area....
USD/CAD Forecast June 26, 2014, Technical Analysis
The USD/CAD pair fell during the session on Wednesday, staying within the consolidation area that we have seen over the last several sessions. That being the case, the 1.07 level looks to be supportive, and a break...
USDCAD Daily Analysis – June 26, 2014
USDCAD is in consolidation of the downtrend from 1.0960, range trading between 1.0715 and 1.0780 would likely be seen in a couple of days. Resistance is at 1.0780, as long as this level holds, the downtrend could...