USDCAD Analysis – September 20, 2023

by ForexCycle.com | September 20, 2023 1:40 am
The USD/CAD currency pair has continued its downward movement from the 1.3694 level and reached as low as 1.3379. With the price still below the falling trend line on the 4-hour chart, the recent bounce from 1.3379...

USDCAD Analysis – September 19, 2023

by ForexCycle.com | September 19, 2023 9:11 am
In recent price action, the USD/CAD pair has broken below the 1.3488 support level, indicating that the previous upside move from 1.3092 to 1.3694 has likely concluded. With the price currently below the falling trend line on...

USDCAD Analysis – September 18, 2023

by ForexCycle.com | September 18, 2023 8:51 am
The USD/CAD currency pair has recently broken below the support of the rising trend line on the 4-hour chart and is currently approaching the 1.3488 support level. If the price breaks below this support level, it would...

USDCAD Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 5:19 am
USD/CAD is currently approaching the support of a rising trend line on its 4-hour chart. If this trend line support holds, the recent pullback from 1.3694 could be considered a consolidation phase within the larger uptrend that...

USDCAD Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 2:21 am
USD/CAD has experienced a notable upward move, starting from 1.3092 and reaching as high as 1.3669. Based on the current bullish momentum, there is a possibility for USD/CAD to continue rising in the coming days, with the...

USDCAD Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:47 am
USDCAD has broken above the 1.3639 resistance level, indicating a potential resumption of the upside move from 1.3092. This breakout suggests that further upward movement is possible in the coming days, with the next target area around...

USDCAD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:50 am
USD/CAD has recently broken below the rising price channel on the 4-hour chart, indicating that the previous upside movement from 1.3092 to 1.3639 has potentially completed. Further decline in price is expected, with the next target set...

USDCAD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:59 am
USD/CAD is currently encountering the support of a rising price channel on its 4-hour chart. As long as the channel support holds, the recent pullback from 1.3639 could be considered a period of consolidation within the overall...

USDCAD Daily Analysis – August 29, 2023

by ForexCycle.com | August 29, 2023 3:59 am
USD/CAD is currently showing a strong uptrend on the 4-hour chart, with the pair remaining above a rising trend line. This uptrend dates back to the 1.3092 level. As long as the trend line support holds, it...

USDCAD Daily Analysis – August 28, 2023

by ForexCycle.com | August 28, 2023 12:50 am
USDCAD has achieved a notable breakthrough, surpassing the significant resistance at 1.3603 and extending its upward trajectory from 1.3092 to reach as high as 1.3639. As long as the key support level at 1.3495 remains intact, we...