USDCAD Daily Analysis – March 4, 2020

by ForexCycle.com | March 4, 2020 2:22 am
USDCAD is now in the downtrend from 1.3463, the bounce from 1.3314 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and next target would be at 1.3250 area. Near term resistance...

USDCAD Daily Analysis – March 3, 2020

by ForexCycle.com | March 3, 2020 3:04 am
USDCAD broke below the support of the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3201 had completed at 1.3463 already. Further decline would likely be seen and next target would be...

USDCAD Daily Analysis – March 2, 2020

by ForexCycle.com | March 2, 2020 1:42 am
USDCAD pulled back from 1.3463. The fall is likely consolidation for the uptrend from 1.3201, as long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to...

USDCAD Weekly Analysis – March 1, 2020

by ForexCycle.com | March 1, 2020 10:58 am
USDCAD broke above the falling price channel on the daily chart and extended its upside movement from 1.2951 to as high as 1.3463. Further rise could be expected in a couple of weeks and next target would...

USDCAD Daily Analysis – February 28, 2020

by ForexCycle.com | February 28, 2020 1:46 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3201. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – February 27, 2020

by ForexCycle.com | February 27, 2020 1:47 am
USDCAD extended its upside movement from 1.3201 to as high as 1.3346, breaking above 1.3328 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. Support is located at...

USDCAD Daily Analysis – February 26, 2020

by ForexCycle.com | February 26, 2020 2:57 am
USDCAD remains in the uptrend from 1.3201. Further rise could be expected after a minor consolidation and next target would be at 1.3350 area. Near term support is at 1.3250, only break below this level could trigger...

USDCAD Daily Analysis – February 25, 2020

by ForexCycle.com | February 25, 2020 3:22 am
USDCAD broke above 1.3278 resistance, suggesting that the downside movement from 1.3328 had completed at 1.3201 already. Further rise could be expected over the next several days and next target would be at 1.3350 area. Near term...

USDCAD Daily Analysis – February 24, 2020

by ForexCycle.com | February 24, 2020 3:13 am
USDCAD is facing 1.3278 resistance, a breakout of this level would indicate that the downtrend from 1.3328 had completed at 1.3201 already, then another rise towards 1.3300 could be seen. On the downside, as long as 1.3278...

USDCAD Weekly Analysis – February 23, 2020

by ForexCycle.com | February 23, 2020 10:54 am
USDCAD failed to break above the falling price channel on the daily chart and pulled back from 1.3328. Another fall towards 1.2900 would likely be seen over the next several weeks. Resistance is at 1.3328, a break...