USD/CAD Forecast May 16, 2014, Technical Analysis

by FX Empire | May 16, 2014 6:45 am
The USD/CAD pair fell during the session on Thursday, found enough support in the previous consolidation area to bounce and form a little bit of a hammer. That hammer could lead to a move higher, but we...

USDCAD Daily Analysis – May 16, 2014

by ForexCycle.com | May 16, 2014 2:29 am
No changed in our view, USDCAD remains uptrend from 1.0813, the fall from 1.0926 could be treated as correction of the uptrend. As long as 1.0813 key support holds, the uptrend could be expected to resume, and...

USD/CAD Forecast May 15, 2014, Technical Analysis

by FX Empire | May 15, 2014 4:30 am
The USD/CAD pair broke to the upside initially during the session on Wednesday, but fell back down below the 1.09 level. Ultimately, the market did find a bit of support though, and as a result of that...

USDCAD Daily Analysis – May 15, 2014

by ForexCycle.com | May 15, 2014 2:08 am
USDCAD remains in uptrend from 1.0813, the fall from 1.0926 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and the target would be at the upper line of the price channel on...

USD/CAD Forecast May 14, 2014, Technical Analysis

by FX Empire | May 14, 2014 5:56 am
The USD/CAD pair went back and forth during the session on Tuesday, trying to breakout to the upside. However, the market fell a bit flat, but did stay above the 1.09 level. With that, we believe that...

USDCAD Daily Analysis – May 14, 2014

by ForexCycle.com | May 14, 2014 3:18 am
USDCAD remains in uptrend from 1.0813, and the rise extended to as high as 1.0926. Further rise could be expected after a minor consolidation, and the target would be at the upper line of the price channel...

USD/CAD Forecast May 13, 2014, Technical Analysis

by FX Empire | May 13, 2014 5:31 am
The USD/CAD pair fell initially during the session on Monday, but found enough support below to bounce and form a hammer. With that, we believe that this market should continue to go higher, and head to the...

USDCAD Daily Analysis – May 13, 2014

by ForexCycle.com | May 13, 2014 3:47 am
USDCAD is now in uptrend from 1.0813. Further rise would likely be seen and the target would be at the upper line of the price channel on 4-hour chart. Support is at 1.0813, only break below this...

USDCAD Daily Analysis – May 12, 2014

by ForexCycle.com | May 12, 2014 2:36 am
USDCAD broke above 1.0910 resistance, indicating that the downtrend from 1.1053 had completed at 1.0813 already. The pair is now in uptrend from 1.0813, further rise could be expected, and the target would be at 1.1000 area....

USDCAD Weekly Analysis – May 10, 2014

by ForexCycle.com | May 10, 2014 3:00 pm
USDCAD broke below 1.0857 support and reached as low as 1.0813. However, lengthier consolidation of the downtrend from 1.1278 is possible next week, and one more rise to the top of the price channel on daily chart...