USDCAD Daily Analysis – April 10, 2019

by ForexCycle.com | April 10, 2019 3:34 am
USDCAD extended its downside movement from 1.3450 to as low as 1.3283, breaking below 1.3295 support. Further decline could be expected after a minor consolidation and next target would be at 1.3200 area. Resistance is located at...

USDCAD Daily Analysis – April 9, 2019

by ForexCycle.com | April 9, 2019 2:50 am
USDCAD is facing 1.3295 support, a breakdown below this level could trigger further downside movement towards 1.3200 area. Near term resistance is at 1.3340, above this level could bring the price back towards 1.3402 resistance.

USDCAD Daily Analysis – April 8, 2019

by ForexCycle.com | April 8, 2019 3:31 am
USDCAD broke above 1.3373 resistance, suggesting that the downside movement from 1.3450 had completed at 1.3295 already. Further rally is still possible in the coming days and next target would be at 1.3430 area. Support is at...

USDCAD Weekly Analysis – April 7, 2019

by ForexCycle.com | April 7, 2019 1:12 am
USDCAD moved sideways in a trading range between 1.3250 and 1.3467. Resistance is at 1.3467, a break of this level could signal resumption of the uptrend from 1.3068, then next target would be at 1.3600 area. Support...

USDCAD Daily Analysis – April 5, 2019

by ForexCycle.com | April 5, 2019 12:07 am
USDCAD is facing 1.3373 resistance. As long as this level holds, the price action in the trading range between 1.3295 and 1.3373 could be treated as consolidation for the downtrend from 1.3450, further decline to 1.3250 area...

USDCAD Daily Analysis – April 4, 2019

by ForexCycle.com | April 4, 2019 3:43 am
USDCAD moved sideways in a trading range between 1.3295 and 1.3373. As long as 1.3373 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3450, further decline to 1.3250 area is still...

USDCAD Daily Analysis – April 3, 2019

by ForexCycle.com | April 3, 2019 3:35 am
USDCAD remains in the downtrend from 1.3450, the bounce from 1.3297 could be treated as consolidation for the downtrend. Deeper decline could be expected in a couple of days and next target would be at 1.3250 area....

USDCAD Daily Analysis – April 2, 2019

by ForexCycle.com | April 2, 2019 1:54 am
USDCAD extended its downside movement from 1.3450 to as low as 1.3297. Further decline is still possible in the coming days and next target would be at 1.3250 area. Key resistance is at 1.3370, only break above...

USDCAD Daily Analysis – April 1, 2019

by ForexCycle.com | April 1, 2019 2:39 am
USDCAD broke below 1.3371 support, suggesting that the upside movement from 1.3250 had completed at 1.3450 already. Further decline could be expected in the coming days and next target would be at 1.3300 area. Resistance is at...

USDCAD Weekly Analysis – March 31, 2019

by ForexCycle.com | March 31, 2019 9:31 am
USDCAD failed to break above 1.3467 resistance, suggesting that the pair remains in the downtrend from 1.3664. Another fall towards 1.3000 would likely be seen in the coming days. Only break above 1.3467 resistance could trigger another...