USDCAD’s upward movement from 1.0955 extended to as high as 1.1153. Further rise to test 1.1192 resistance could be expected, a break above this level could signal resumption of the longer term uptrend from 1.0182 (Sept 19,...
The USD/CAD pair fell during the session on Tuesday, but as you can see found enough support at the 1.11 level in order to bounce and form a hammer. This hammer of course signifies that the market...
USDCAD moved sideways in a trading range between 1.0910 and 1.1224. Support is at 1.0955, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0182...
The USD/CAD pair rose during the session on Monday, but found enough resistance to turn back around and form a shooting star. While this is technically a bearish sign, we believe that it is simply a hens...
USDCAD broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.1192 had completed at 1.0955 already. Further rise to test 1.1192 resistance would likely be seen, a break above this level will...
USDCAD is testing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.1192 could be expected to resume, and one more fall to 1.0900 area...
USDCAD is forming a sideways consolidation in a range between 1.0910 and 1.1224. As long as 1.0910 support holds, the uptrend from 1.0182 could be expected to resume, and next target would be at 1.1500 area. On...
The USD/CAD pair rose drastically during the session on Friday, as the nonfarm payroll numbers came out stronger than anticipated. However, we are still well below the 1.12 level, the area that we need to see broken...
USDCAD’s downward movement from 1.1192 extended to as low as 1.0955. Deeper decline is still possible, and next target would be at 1.0900 area. Key resistance is located at the downward trend line on 4-hour chart, only...
The USD/CAD pair fell during the session on Wednesday, but remains above the 1.10 level still. That being the case, it appears that the market still offers buying opportunities on supportive candles all the way down to...
