USDCAD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:39 am
The USDCAD pair has shown persistent weakness, breaking below the previous low of 1.3138 and extending its downside move from 1.3654 to reach as low as 1.3131. The price action suggests a continuation of the downtrend, with...

USDCAD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:48 am
The USDCAD currency pair has been experiencing a prolonged downtrend from 1.3654, and the recent price action from 1.3138 indicates a period of consolidation for the ongoing downtrend. As long as the price remains below the falling...

USDCAD Weekly Analysis – June 24, 2023

by ForexCycle.com | June 24, 2023 1:45 am
The USDCAD currency pair has recently broken below a key support level at 1.3225, signaling a shift in market sentiment and indicating that the pair is now in a long-term downtrend from 1.3977. This break below support...

USDCAD Daily Analysis – June 23, 2023

by ForexCycle.com | June 23, 2023 10:57 am
The USDCAD currency pair continues to adhere to the established downtrend from 1.3654, as indicated by its position below the falling trend line on the 4-hour chart. The pair remains in a bearish phase, and there is...

USDCAD Daily Analysis – June 22, 2023

by ForexCycle.com | June 22, 2023 2:50 am
The USDCAD currency pair has faced a notable setback as it failed to break above the falling trend line on the 4-hour chart. Consequently, the pair extended its downward move from 1.3654, reaching as low as 1.3150....

USDCAD Daily Analysis – June 21, 2023

by ForexCycle.com | June 21, 2023 2:36 am
The USDCAD currency pair has been exhibiting a downtrend from the 1.3654 level, with a recent bounce observed from the low of 1.3177. This rebound is likely a period of consolidation within the prevailing downtrend. Currently, the...

USDCAD Daily Analysis – June 20, 2023

by ForexCycle.com | June 20, 2023 3:15 am
The USDCAD currency pair has been in a persistent downtrend, remaining below a falling trend line on the 4-hour chart. This trend line resistance has been a significant level that has prevented the pair from reversing its...

USDCAD Daily Analysis – June 19, 2023

by ForexCycle.com | June 19, 2023 1:06 am
The USDCAD currency pair has extended its downward move, declining from its recent high of 1.3654 to as low as 1.3177. The pair remains below the falling trend line on the 4-hour chart, indicating a continuation of...

USDCAD Weekly Analysis – June 18, 2023

by ForexCycle.com | June 18, 2023 7:57 am
The USDCAD currency pair has experienced a significant shift in momentum as it broke below the key support level at 1.3225. This break suggests that the long-term uptrend, which began at 1.2006, has likely completed at 1.3977....

USDCAD Daily Analysis – June 15, 2023

by ForexCycle.com | June 15, 2023 1:30 am
The USDCAD currency pair has experienced continued downward momentum, extending its decline from the high of 1.3654 to as low as 1.3271. Currently, the pair is hovering near the support level at 1.3260, which has acted as...