USDCAD Analysis – Apr 9, 2008

by ForexCycle.com | April 8, 2008 8:33 pm
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. Deeper decline to retest 0.9709 previous low support is still in favor. Key resistance is located at 1.0378, only break of this level will...

USDCAD Analysis – Apr 5, 2008

by ForexCycle.com | April 4, 2008 8:35 pm
USDCAD broke below 1.0094 key support and formed a cycle top at 1.0326 on daily chart. The up trend from 0.9709 has completed and deeper decline to retest 0.9709 support could be seen in a couple of...

USDCAD Analysis – Apr 2, 2008

by ForexCycle.com | April 1, 2008 8:12 pm
USDCAD is testing 1.0378 previous high resistance, consolidation will more likely be seen before break above this level. Key support is now located at 1.0094, a break of this level will indicate that the up trend from...

USDCAD Analysis – Mar 30, 2008

by ForexCycle.com | March 29, 2008 7:11 pm
Being contained by the previous high resistance at 1.0378, USDCAD pulls back from 1.0307 level. Sideways consolidation is expected before breaking above 1.0378. Key support is now located at 1.0094, a break of this level will indicate...

USDCAD Analysis – Mar 26, 2008

by ForexCycle.com | March 25, 2008 7:59 pm
Being contained by the previous high resistance at 1.0378, USDCAD pulls back from 1.0307 level. Sideways consolidation is expected before breaking above 1.0378. Key support is now located at 0.9874, a break of this level will signal...

USDCAD Analysis – Mar 22, 2008

by ForexCycle.com | March 21, 2008 9:24 pm
USDCAD broke above the falling price channel resistance and rebounded sharply to as high as 1.0293 level. Further rally to test 1.0378 previous high resistance is still possible next week, if this resistance gives way, rise to...

USDCAD Analysis – Mar 19, 2008

by ForexCycle.com | March 18, 2008 10:08 pm
Being contained by the price channel resistance, USDCAD pulls back from 1.0014 level. The pair might be forming a cycle top on daily chart. Key support is at 0.9796, a break of this level will confirm the...

USDCAD Analysis – Mar 15, 2008

by ForexCycle.com | March 14, 2008 9:19 pm
USDCAD is in consolidation to the long term down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still possible next week. Down trend will resume after consolidation and...

USDCAD Analysis – Mar 12, 2008

by ForexCycle.com | March 11, 2008 7:27 pm
No changed in our view, USDCAD is in consolidation to the down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still in favor. Down trend will resume after...

USDCAD Analysis – Mar 9, 2008

by ForexCycle.com | March 8, 2008 7:55 pm
USDCAD is in consolidation to the down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still possible. Down trend will resume after consolidation and further fall to test...