USDCAD Daily Analysis – July 31, 2019

by ForexCycle.com | July 31, 2019 2:33 am
USDCAD moved sideways in a trading range between 1.3114 and 1.3198. As long as 1.3114 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.3015, further rise to 1.3250 area is still...

USDCAD Daily Analysis – July 29, 2019

by ForexCycle.com | July 29, 2019 2:50 am
USDCAD remains in the uptrend from 1.3015, the pullback from 1.3198 is likely consolidation for the uptrend. As long as 1.3114 support holds, the uptrend could be expected to resume, a breakout of 1.3198 resistance could trigger...

USDCAD Daily Analysis – July 26, 2019

by ForexCycle.com | July 26, 2019 2:41 am
USDCAD extended its upside movement from 1.3015 to as high as 1.3166. Further rise is still possible and next target would be at 1.3200 area. Support is at 1.3114, only a breakdown below this level could signal...

USDCAD Daily Analysis – July 24, 2019

by ForexCycle.com | July 24, 2019 1:05 am
USDCAD broke above 1.3144 resistance, suggesting that the downtrend from 1.3432 had completed at 1.3015 already. Further rally could be expected in the coming days and next target would be at 1.3200 area. Near term support is...

USDCAD Daily Analysis – July 23, 2019

by ForexCycle.com | July 23, 2019 12:29 am
USDCAD is facing 1.3144 resistance, a break of this level would indicate that the downside movement from 1.3432 had completed at 1.3015 already, then further rally to 1.3200 area could be seen. However, as long as 1.3144...

USDCAD Daily Analysis – July 22, 2019

by ForexCycle.com | July 22, 2019 3:03 am
USDCAD moved sideways in a trading range between 1.3015 and 1.3144. As long as 1.3144 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3432, further decline to 1.2950 area is still...

USDCAD Weekly Analysis – July 20, 2019

by ForexCycle.com | July 20, 2019 8:02 am
USDCAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3564. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

USDCAD Daily Analysis – July 19, 2019

by ForexCycle.com | July 19, 2019 12:56 am
USDCAD broke below 1.3017 support, suggesting that the downtrend from 1.3432 has resumed. Further decline could be expected and next target would be at 1.2950 area. Near term resistance is at 1.3050, above this level could bring...

USDCAD Daily Analysis – July 18, 2019

by ForexCycle.com | July 18, 2019 3:24 am
USDCAD moved sideways in a trading range between 1.3017 and 1.3144. As long as 1.3144 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.3432, a breakdown below 1.3017...

USDCAD Daily Analysis – July 17, 2019

by ForexCycle.com | July 17, 2019 12:22 am
USDCAD broke above 1.3080 resistance, suggesting that lengthier consolidation for the downtrend from 1.3432 is needed. Further rally could be expected in the coming days and the target would be at 1.3144 resistance.