USDCAD’s upward movement from 1.0910 extends to as high as 1.1125. Further rise to test 1.1224 resistance could be expected, a break above this level will signal resumption of the longer term uptrend from 1.0182 (Sept 19,...
The USD/CAD pair initially fell during the session on Wednesday, but as you can see found enough support to turn things back around and shoot straight through the 1.10 level. Because of this, we initiated long positions...
USDCAD bounced strongly from 1.0910, indicating that the downward movement from 1.1224 had completed. Further rise would likely be seen after a minor consolidation, and next target would be at 1.1200 area. Support levels are at 1.1010...
USDCAD remains in downtrend from 1.1224 and the fall extended to as low as 1.0939. Further decline would likely be seen in a couple of days, and next target would be at 1.0800 area. Resistance is at...
The USD/CAD pair did very little during the session on Monday which of course wasn’t much of a surprise with it being a holiday in the United States. Presidents’ Day is an exactly a massive one, but...
USDCAD remains in downtrend from 1.1224. As long as 1.1030 resistance holds, the downtrend could be expected to continue, and next target would be at 1.0800 area. Only break above 1.1030 resistance could signal completion of the...
USDCAD remains in downtrend from 1.1224, and the fall extended to as low as 1.0940. Deeper decline would likely be seen, and next target would be at 1.0800 area. Resistance is at 1.1030, only break above this...
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0182, the fall from 1.1224 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...
The USD/CAD pair fell during the bulk of the session on Friday, but as you can see found enough buyers during the day to turn things back around and form a nice-looking hammer. The hammer sits just...
The USD/CAD pair try to rally during the session on Thursday, but found the area above the 1.10 level as being a bit too rich. Because of this, we formed a relatively negative candle, albeit sitting on...
