USDCAD Weekly Analysis – May 4, 2019

by ForexCycle.com | May 4, 2019 1:10 pm
USDCAD remains in the uptrend from 1.3068, the fall from 1.3520 is likely consolidation for the uptrend. As long as 1.3250 key support holds, the upside movement could be expected to resume and further rise to 1.3650...

USDCAD Daily Analysis – May 3, 2019

by ForexCycle.com | May 3, 2019 2:14 am
USDCAD broke above 1.3430 resistance, suggesting that the downside movement from 1.3520 had completed at 1.3376 already. Further rise to test 1.3520 resistance would likely be seen in the coming days, a break of this level would...

USDCAD Daily Analysis – May 1, 2019

by ForexCycle.com | May 1, 2019 3:40 am
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3274 has completed at 1.3520 already. Further decline could be expected after a minor consolidation and next target would be...

USDCAD Daily Analysis – April 30, 2019

by ForexCycle.com | April 30, 2019 2:51 am
USDCAD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.3520 could be treated as consolidation for the uptrend from 1.3274, another...

USDCAD Daily Analysis – April 29, 2019

by ForexCycle.com | April 29, 2019 3:56 am
USDCAD is in consolidation for the uptrend from 1.3274. As long as the price is above the bullish trend line on the 4-hour chart, the uptrend could be expected to resume, a break of 1.3520 resistance could...

USDCAD Weekly Analysis – April 28, 2019

by ForexCycle.com | April 28, 2019 1:05 pm
USDCAD broke above 1.3467 resistance, suggesting that the uptrend from 1.3068 has resumed. Further rise could be expected in a couple of weeks and next target would be at 1.3650 area. Near term support is at 1.3400,...

USDCAD Daily Analysis – April 26, 2019

by ForexCycle.com | April 25, 2019 10:24 pm
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3274. As long as the trend line support holds, the pullback from 1.3520 could be treated as consolidation for the...

USDCAD Daily Analysis – April 25, 2019

by ForexCycle.com | April 25, 2019 2:55 am
USDCAD extended its upside movement from 1.3274 to as high as 1.3520. Further rise is still possible after a minor consolidation and next target would be at 1.3550 area. Near term support is at 1.3460, a breakdown...

USDCAD Daily Analysis – April 24, 2019

by ForexCycle.com | April 24, 2019 7:05 am
USDCAD broke above 1.3402 resistance and extended its upside movement from 1.3274 to as high as 1.3457. Further rise could be expected in a couple of days and next target would be at 1.3500 area. Near term...

USDCAD Daily Analysis – April 23, 2019

by ForexCycle.com | April 23, 2019 1:46 am
USDCAD continued its sideways movement in a trading range between 1.3274 and 1.3402. Another fall to test 1.3250 support would likely be seen in the coming days. Resistance is at 1.3402, only break above this level could...