USDCAD Daily Analysis – November 20, 2019

by ForexCycle.com | November 20, 2019 2:13 am
USDCAD extended its upside movement from 1.3041 to as high as 1.3283, breaking above 1.3270 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3300 area. Near term support is...

USDCAD Daily Analysis – November 19, 2019

by ForexCycle.com | November 19, 2019 4:29 am
USDCAD broke below 1.3212 support, suggesting that the upside movement from 1.3041 had completed at 1.3270 already. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...

USDCAD Daily Analysis – November 18, 2019

by ForexCycle.com | November 17, 2019 11:44 pm
USDCAD is facing 1.3212 support, a breakdown below this level could take the price to next support level at around 1.3160. Resistance is at 1.3270, only break above this level could trigger another rise towards 1.3300.

USDCAD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:54 am
USDCAD’s bounce from 1.3041 extended to as high as 1.3270. Further rise is still possible and next target would be at 1.3350 area. Near term support is at 1.3170, a breakdown below this level could trigger another...

USDCAD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:23 am
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3114 had completed at 1.3270 already. Deeper decline to test 1.3212 support would likely be seen, below this level could...

USDCAD Daily Analysis – November 14, 2019

by ForexCycle.com | November 13, 2019 10:19 pm
USDCAD extended its upside movement from 1.3114 to as high as 1.3268. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – November 13, 2019

by ForexCycle.com | November 12, 2019 10:59 pm
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3114. As long as the channel support holds, the pullback from 1.3257 could be treated as consolidation for the uptrend...

USDCAD Daily Analysis – November 12, 2019

by ForexCycle.com | November 12, 2019 12:43 pm
USDCAD extended its upside movement from 1.3114 to as high as 1.3257. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...

USDCAD Daily Analysis – November 11, 2019

by ForexCycle.com | November 10, 2019 10:57 pm
USDCAD broke above 1.3207 resistance, suggesting that the uptrend from 1.3041 has resumed. Further rise would likely be seen in a couple of days and next target would be at 1.3280 area. Near term support is at...

USDCAD Weekly Analysis – November 10, 2019

by ForexCycle.com | November 10, 2019 9:43 am
USDCAD moved sideways in a trading range between 1.3015 and 1.3382. The sideways movement is likely consolidation for the downtrend from 1.3664 (Dec 31, 2018 high), as long as 1.3382 key resistance holds, another fall towards 1.2800...