USD/CAD Forecast May 26, 2014, Technical Analysis

by FX Empire | May 24, 2014 11:54 am
The USD/CAD pair initially tried to rally during the session on Friday, but found the 1.09 level to be far too resistive. That being the case, the market did in fact fall to the 1.0850 area, but...

USD/CAD Forecast May 22, 2014, Technical Analysis

by FX Empire | May 22, 2014 6:07 am
The USD/CAD pair tried to rally during the session on Wednesday, but found the 1.0950 level to be far too resistive. With that resistance, we pulled back and formed a shooting star. This shooting star suggests that...

USDCAD Daily Analysis – May 22, 2014

by ForexCycle.com | May 22, 2014 3:49 am
USDCAD broke above 1.0926 resistance, indicating that the uptrend from 1.0813 has resumed. Further rise could be expected, and the target would be at the upper line of the price channel on 4-hour chart. Support is at...

USDCAD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:26 am
USDCAD is facing 1.0926 resistance, a break above this level will signal resumption of the uptrend from 1.0813, then further rise towards the upper line of the price channel on 4-hour chart could be seen. Support levels...

USD/CAD Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:16 am
The USD/CAD pair rose during the session here on Tuesday, breaking to the 1.09 level. That level has been resistive lately, so a break above the top of this range for the day on Tuesday would be...

USDCAD Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:30 am
USDCAD’s fall from 1.0926 extended to as low as 1.0850. However, the fall is likely correction of the uptrend from 1.0813, as long as 1.0813 support holds, the uptrend could be expected to resume, and one more...

USD/CAD Forecast May 20, 2014, Technical Analysis

by FX Empire | May 20, 2014 2:26 am
The USD/CAD pair initially fell during the session on Monday, but found enough support near the 1.0850 level in order to turn things back around and form a hammer. We believe that this is the significant support...

USDCAD Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:20 am
USDCAD remains in uptrend from 1.0813, the fall from 1.0926 is likely correction of the uptrend. Another rise could be expected after correction, and the target would be at the top of the price channel on 4-hour...

USDCAD Weekly Analysis – May 17, 2014

by ForexCycle.com | May 17, 2014 2:22 pm
USDCAD remains in downtrend from 1.1278, the price action from 1.0857 is likely consolidation of the downtrend. Another rise to the upper line of the price channel on daily chart to complete the consolidation would likely be...

USD/CAD Forecast May 19, 2014, Technical Analysis

by FX Empire | May 17, 2014 5:54 am
The USD/CAD pair initially tried to rally during the session on Friday, but as you can see we fell to the 1.0850 level. With that, we feel that this market will more than likely find buyers down...