USDCAD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:37 am
The USDCAD currency pair has experienced a significant development as it broke below the rising trend line on the 4-hour chart. This breach suggests that the upside move from 1.3116 has potentially completed at the recent high...

USDCAD Daily Analysis – July 10, 2023

by ForexCycle.com | July 10, 2023 5:59 am
The USDCAD currency pair made an attempt to break above the key resistance level at 1.3387 but faced selling pressure and subsequently retraced back to the 1.3265 area. Currently, the pair is finding support at the rising...

USDCAD Weekly Analysis – July 8, 2023

by ForexCycle.com | July 8, 2023 6:29 am
The USDCAD currency pair has been entrenched in a long-term downtrend, originating from 1.3977. This downtrend suggests the likelihood of further declines in the coming weeks. Traders with a bearish outlook anticipate the next target to be...

USDCAD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 6:04 am
The USDCAD currency pair has continued its upward trajectory, extending the rally from 1.3116 to reach as high as 1.3372. The pair is currently facing a key resistance level at 1.3387, which will be closely watched by...

USDCAD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 1:02 pm
USDCAD has continued its upward trajectory from 1.3116, reaching as high as 1.3328. The currency pair exhibits signs of further potential upside movement in the near term, with the next target set at the 1.3387 resistance level....

USDCAD Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 2:04 pm
USDCAD continues to showcase strength as it remains in an uptrend from its low of 1.3116. Further upward movement is anticipated in the coming days, with the next target set at the 1.3387 resistance level. The upward...

USDCAD Daily Analysis – July 3, 2023

by ForexCycle.com | July 3, 2023 4:01 am
USDCAD has exhibited a noteworthy development as it successfully broke above a previously dominant falling trend line on the 4-hour chart. This breakout suggests a potential shift in market dynamics, indicating that the pair is now in...

USDCAD Weekly Analysis – July 2, 2023

by ForexCycle.com | July 2, 2023 11:44 am
The USDCAD currency pair has experienced a significant development as it broke below a key support level at 1.3225, signaling a shift in the long-term trend. The pair is now firmly positioned in a downtrend from its...

USDCAD Daily Analysis – June 30, 2023

by ForexCycle.com | June 30, 2023 10:36 am
The USDCAD pair has witnessed a significant breakthrough, surpassing the key resistance level at 1.3269. This successful breach suggests a shift in the market dynamics, with the pair now in an uptrend from its starting point at...

USDCAD Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 2:23 am
The USDCAD pair has recently witnessed a significant breakthrough, as it managed to break above both the falling trend line and the key resistance level at 1.3269. This breakout suggests a potential shift in market dynamics, indicating...