USDCAD Daily Analysis – October 28, 2019

by ForexCycle.com | October 27, 2019 11:15 pm
USDCAD’s downside movement from 1.3347 extended to as low as 1.3052. As long as the price is in the bearish channel on the 4-hour chart, the downside movement could be expected to continue and next target would...

USDCAD Weekly Analysis – October 27, 2019

by ForexCycle.com | October 27, 2019 2:01 pm
USDCAD is facing 1.3015 support, a breakdown below this level could trigger further downside movement towards 1.2800. Near term resistance is at 1.3125, a breakout of this level could bring the price back towards 1.3300.

USDCAD Daily Analysis – October 25, 2019

by ForexCycle.com | October 25, 2019 1:39 am
USDCAD extended its downside movement from 1.3347 to as low as 1.3052. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:52 am
USDCAD broke below 1.3070 support, suggesting that the downtrend from 1.3347 has resumed. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and...

USDCAD Daily Analysis – October 23, 2019

by ForexCycle.com | October 22, 2019 11:06 pm
USDCAD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3347. As long as the trend line resistance holds, the bounce from 1.3070 could be treated as consolidation for the...

USDCAD Daily Analysis – October 22, 2019

by ForexCycle.com | October 22, 2019 4:12 am
USDCAD extended its downside movement from 1.3347 to as low as 1.3070. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – October 21, 2019

by ForexCycle.com | October 21, 2019 3:14 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3347. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDCAD Weekly Analysis – October 20, 2019

by ForexCycle.com | October 20, 2019 12:04 pm
USDCAD broke below 1.3133 support, suggesting that the downtrend from 1.3382 has resumed. Further decline could be expected in a couple of weeks and next target would be at 1.3000 area. Near term resistance is at 1.3200,...

USDCAD Daily Analysis – October 18, 2019

by ForexCycle.com | October 18, 2019 3:10 am
USDCAD extended its downside movement from 1.3347 to as low as 1.3130. Further decline could be expected after a minor consolidation and next target would be at 1.3100 area. Resistance is at falling trend line on the...

USDCAD Daily Analysis – October 17, 2019

by ForexCycle.com | October 16, 2019 11:11 pm
USDCAD moved sideways in a trading range between 1.3170 and 1.3239. The sideways movement is likely consolidation for the downtrend from 1.3347, further decline to 1.3100 area is still possible after the consolidation. Key resistance is at...