USDCAD Daily Analysis – July 16, 2019

by ForexCycle.com | July 16, 2019 1:55 am
USDCAD remains in the downtrend from 1.3143, the bounce from 1.3017 is likely consolidation for the downtrend. Near term resistance is at 1.3080, as long as this level holds, the downtrend could be expected to resume and...

USDCAD Daily Analysis – July 15, 2019

by ForexCycle.com | July 15, 2019 6:47 am
USDCAD broke below 1.3036 support, suggesting that the downtrend from 1.3432 has resumed. Further decline could be expected over the next several days and next target would be at 1.2950 area. Resistance is at 1.3060, only break...

USDCAD Weekly Analysis – July 14, 2019

by ForexCycle.com | July 14, 2019 7:46 am
USDCAD extended its downside movement from 1.3564 to as low as 1.3017. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – July 12, 2019

by ForexCycle.com | July 12, 2019 1:25 am
USDCAD is facing 1.3036 support, a breakdown below this level could take the price to 1.2950 area. Key resistance is at 1.3144, above this level would indicate that the downside movement from 1.3432 had completed at 1.3036...

USDCAD Daily Analysis – July 11, 2019

by ForexCycle.com | July 11, 2019 2:14 am
USDCAD failed to break above 1.3144 resistance and stays in a trading range between 1.3036 and 1.3144. Deeper decline to test 1.3036 support would likely be seen, a breakdown below this level could trigger further downside movement...

USDCAD Daily Analysis – July 10, 2019

by ForexCycle.com | July 10, 2019 9:29 am
USDCAD is facing 1.3144 resistance, as long as this level holds, the price action in the trading range between 1.3036 and 1.3144 could be treated as consolidation for the downtrend from 1.3432, another fall to 1.2950 area...

USDCAD Daily Analysis – July 9, 2019

by ForexCycle.com | July 9, 2019 3:42 am
USDCAD moved sideways in a trading range between 1.3036 and 1.3144. As long as 1.3144 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3432, a breakdown below 1.3036 support could trigger...

USDCAD Daily Analysis – July 8, 2019

by ForexCycle.com | July 8, 2019 3:20 am
USDCAD broke above the top of the price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 1.3432 is underway. Range trading between 1.3036 and 1.3144 would likely be seen over the next several...

USDCAD Weekly Analysis – July 7, 2019

by ForexCycle.com | July 7, 2019 12:05 pm
USDCAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3564. As long as the price is below the falling trend line on the daily chart, the downside movement could...

USDCAD Daily Analysis – July 5, 2019

by ForexCycle.com | July 5, 2019 2:20 am
USDCAD’s downside movement from 1.3432 extended to as low as 1.3036. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target...