USDCAD Daily Analysis – January 7, 2020

by ForexCycle.com | January 7, 2020 4:42 am
USDCAD moved sideways in a trading range between 1.2951 and 1.3007. As long as 1.3007 resistance holds, the downtrend from 1.3327 could be expected to continue and next target would be at 1.2900 area. On the upside,...

USDCAD Daily Analysis – January 6, 2020

by ForexCycle.com | January 6, 2020 2:37 am
USDCAD remains in the downtrend from 1.3327. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.2951 could be treated as consolidation for the downtrend, and further decline...

USDCAD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:07 pm
USDCAD extended its downside movement from 1.3327 to as low as 1.2951, breaking below 1.3015 support. Further decline would likely be seen after a minor consolidation and next target would be at 1.2800 area. Near term resistance...

USDCAD Daily Analysis – January 3, 2020

by ForexCycle.com | January 3, 2020 4:23 am
USDCAD stays below a falling trend line on the 4-hour and remains in the downtrend from 1.3327. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...

USDCAD Daily Analysis – January 2, 2020

by ForexCycle.com | January 2, 2020 2:08 am
USDCAD extended its downside movement from 1.3327 to as low as 1.2951. Further decline could be expected after a minor consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3000, above this...

USDCAD Daily Analysis – December 20, 2019

by ForexCycle.com | December 20, 2019 6:39 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3327. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – December 19, 2019

by ForexCycle.com | December 19, 2019 3:05 am
USDCAD extended its downside movement from 1.3327 to as low as 1.3102. Further decline is still possible after consolidation and next target would be at 1.3050 area. Key resistance is at 1.3204, only break above this level...

USDCAD Daily Analysis – December 18, 2019

by ForexCycle.com | December 18, 2019 3:10 am
USDCAD remains in the downtrend from 1.3327, the bounce from 1.3114 is likely consolidation for the downtrend. As long as 1.3204 resistance holds, the downtrend could be expected to resume, further decline towards 1.3050 is possible after...

USDCAD Daily Analysis – December 17, 2019

by ForexCycle.com | December 17, 2019 3:56 am
USDCAD extended its downside movement from 1.3327 to as low as 1.3114. Further decline is still possible after a minor consolidation and next target would be at 1.3060 area. Key resistance is at 1.3204, only break above...

USDCAD Weekly Analysis – December 15, 2019

by ForexCycle.com | December 15, 2019 5:32 am
USDCAD’s fall from 1.3327 extended to as low as 1.3150. Deeper decline could be expected in a couple of weeks and next target would be at 1.3080 area. Near term resistance is at 1.3250, above this level...