USDCAD Daily Analysis – July 24, 2023

by ForexCycle.com | July 24, 2023 1:23 am
USDCAD is currently confronting a significant resistance level at 1.3242, and traders are keenly observing the potential for a breakout. Should the currency pair decisively breach this level, it could signal further upside momentum towards the next...

USDCAD Weekly Analysis – July 22, 2023

by ForexCycle.com | July 22, 2023 3:04 am
USDCAD continues to face downward pressure, staying below the falling trend line on the weekly chart and maintaining its downtrend from 1.3977. Market analysts and traders are closely observing this downward movement, with expectations of further declines...

USDCAD Daily Analysis – July 20, 2023

by ForexCycle.com | July 20, 2023 12:48 am
USDCAD has encountered selling pressure, breaking below the crucial 1.3160 support level. This suggests that the short-term uptrend from 1.3092 has completed at 1.3242, and the pair may experience further declines in the coming days. Further Decline...

USDCAD Daily Analysis – July 19, 2023

by ForexCycle.com | July 19, 2023 1:47 am
USDCAD finds itself at a crucial juncture as it tests the support level at 1.3160 once again. Traders are closely monitoring this level as it could determine the pair’s short-term direction. Let’s analyze the current outlook and...

USDCAD Daily Analysis – July 18, 2023

by ForexCycle.com | July 18, 2023 7:57 am
USDCAD has been in an uptrend since its ascent from 1.3092, and the bullish momentum is expected to continue in the coming days. Traders should closely monitor the price action as the pair aims for the next...

USDCAD Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:44 am
The USDCAD pair has made a significant breakthrough by surpassing the resistance level at 1.3160, signaling a potential end to the recent downside move from 1.3386, which concluded at 1.3092. This development suggests a potential shift in...

USDCAD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 4:12 am
The USDCAD pair has experienced an extended downtrend, reaching as low as 1.3092 from the high of 1.3977. This decline indicates the continuation of the long-term bearish movement. Traders should be aware of the potential for further...

USDCAD Daily Analysis – July 14, 2023

by ForexCycle.com | July 14, 2023 12:37 pm
The USDCAD pair has experienced continued downside momentum, extending its move lower from the recent high of 1.3386. Breaking below the key support level at 1.3116, the pair has now reached as low as 1.3092. This downward...

USDCAD Daily Analysis – July 13, 2023

by ForexCycle.com | July 13, 2023 2:37 am
The USDCAD currency pair has continued its downward trajectory, extending its decline from 1.3386 to as low as 1.3143. The pair is currently facing a crucial support level at 1.3116, which has the potential to trigger further...

USDCAD Daily Analysis – July 12, 2023

by ForexCycle.com | July 12, 2023 9:41 am
The USDCAD currency pair has been on a sustained downward trajectory, extending its decline from 1.3386 to a recent low of 1.3199. This drop has been accompanied by a break below the key support level at 1.3202,...