USDCAD Daily Analysis – July 3, 2019

by ForexCycle.com | July 3, 2019 6:20 am
USDCAD is now in uptrend from 1.3059, the pullback from 1.3144 is likely corrective consolidation for the uptrend. Further rally is still possible in the coming days and next target would be at 1.3230 area. Support is...

USDCAD Daily Analysis – July 2, 2019

by ForexCycle.com | July 2, 2019 1:45 am
USDCAD broke above the top of the price channel on the 4-hour chart, suggesting that the downside movement from 1.3228 had completed at 1.3059 already. Further rally would likely be seen in the coming days and next...

USDCAD Daily Analysis – July 1, 2019

by ForexCycle.com | July 1, 2019 1:14 am
USDCAD extended its downside movement from 1.3228 to as low as 1.3059. 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...

USDCAD Weekly Analysis – June 30, 2019

by ForexCycle.com | June 30, 2019 3:04 am
USDCAD extended its downside movement from 1.3564 to as low as 1.3059, breaking below 1.3068 support. Further decline could be expected after a minor consolidation and next target would be at 1.2950 area. Near term resistance is...

USDCAD Daily Analysis – June 28, 2019

by ForexCycle.com | June 28, 2019 3:48 am
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3228. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDCAD Daily Analysis – June 27, 2019

by ForexCycle.com | June 27, 2019 2:59 am
USDCAD broke below 1.3150 support, suggesting that the downside movement from 1.3432 has resumed. Further decline could be expected and next target would be at 1.3050 area. Resistance is at 1.3160, as long as this level holds,...

USDCAD Daily Analysis – June 26, 2019

by ForexCycle.com | June 26, 2019 5:26 am
USDCAD continues its sideways movement in a trading range between 1.3150 and 1.3228. As long as 1.3228 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3432, a breakdown below 1.3150 support...

USDCAD Daily Analysis – June 25, 2019

by ForexCycle.com | June 25, 2019 3:37 am
USDCAD moved sideways in a trading range between 1.3150 and 1.3228. As long as 1.3228 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.3432, further decline to 1.3100...

USDCAD Daily Analysis – June 24, 2019

by ForexCycle.com | June 24, 2019 4:43 am
USDCAD is in consolidation for the downtrend from 1.3432. Range trading between 1.3150 and 1.3228 would likely be seen in a couple of days. As long as 1.3228 resistance holds, the downside movement could be expected to...

USDCAD Weekly Analysis – June 23, 2019

by ForexCycle.com | June 23, 2019 2:29 pm
USDCAD’s downside movement from 1.3564 extended to as low as 1.3150. Further decline is still possible in a couple of weeks and next target would be at 1.3000 area. Resistance is at the falling trend line on...