USDCAD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 4:01 am
USDCAD is currently confronting the resistance of the falling trend line on the weekly chart. As long as the price remains below the trend line resistance, the bounce from 1.3092 could be considered a consolidation phase within...

USDCAD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 3:15 am
USDCAD has continued its upward move from 1.3092, reaching as high as 1.3377. The pair is currently encountering resistance at 1.3386. A break above this level could potentially trigger a further upside move towards 1.3500. Immediate support...

USDCAD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 1:23 am
USDCAD has continued its upward move from 1.3092, reaching as high as 1.3352. The analysis suggests that further upside is possible after a minor consolidation, with the next potential target being the previous high at 1.3386. Immediate...

USDCAD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 2:00 am
USDCAD is currently exhibiting a sideways movement within a rising price channel on the 4-hour chart. Despite being in a sideways trend, there is still potential for further upward movement, with the next target area being around...

USDCAD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 2:44 am
USDCAD has successfully broken above the resistance level at 1.3242. This breakout suggests that a further rally is likely to occur in the coming days, with the next target set at 1.3300, followed by the previous high...

USDCAD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:23 am
The USDCAD pair is currently holding below the descending trend line on the weekly chart, signaling a continuation of the downtrend that began from 1.3977. As long as the price remains below the trend line, we can...

USDCAD Daily Analysis – July 28, 2023

by ForexCycle.com | July 28, 2023 10:41 am
USDCAD is currently testing the 1.3242 resistance level once again. If the price manages to break through this level, it could rise towards the next resistance level at 1.3300, followed by 1.3386. On the other hand, there...

USDCAD Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:37 am
USDCAD has failed to break above the 1.3242 resistance level and remains within a trading range between 1.3092 and 1.3242. In the coming days, another fall towards the 1.3092 support level is likely. If the price were...

USDCAD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:57 am
USDCAD has continued its sideways movement within a trading range between 1.3092 and 1.3242. As long as the 1.3242 resistance level holds, this sideways movement could be seen as a consolidation for the downtrend from 1.3386. If...

USDCAD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 8:28 am
USDCAD has recently been moving sideways in a trading range between 1.3092 and 1.3242. As long as the 1.3242 resistance level holds, this sideways movement could be seen as a consolidation for the downtrend from 1.3386. If...