usdcad

  1. fxstrategist

    The USD/CAD in a bearish channel

    On the daily chart of the USDCAD we can see that the pair has been in a bearish channel since late June. Every time the pair tried to rally, the upper boundary of the channel kept the price to the downside. Now the USDCAD is at the 1.3000 level, which could act as support. Below the 1.3000...
  2. forexcycle

    USDCAD broke below 1.2700 support

    USDCAD broke below 1.2700 support and extended its downside movement from 1.2916 to as low as 1.2666, facing the support of the bullish trend line on the daily chart. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below this trend line, the...
  3. forexcycle

    USDCAD failed to breakout of 1.2916 resistance

    USDCAD failed to breakout of 1.2916 resistance and pulled back to break below a bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2433 is underway. Range trading between 1.2780 and 1.2916 would likely be seen in a couple of days. As long as...
  4. forexcycle

    USDCAD extended its short term downtrend to 1.2444

    USDCAD extended its short term downtrend from 1.2778 to as low as 1.2444, facing the previous low support at 1.2413. A breakdown below this level could signal resumption of the downtrend from 1.3793 (May 5 high), then next target would be at 1.2300, followed by 1.2050. Near term resistance is at...
  5. forexcycle

    USDCAD broke above 1.2575 resistance

    USDCAD broke above 1.2575 resistance, indicating that the downtrend from 1.3347 had completed at 1.2413 already. Further rally could be expected in a couple of days and next target would be at around 1.2690, followed by 1.2740. However, the rally from 1.2413 would possibly be correction of the...
  6. forexcycle

    USDCAD’s bearish movement extended to 1.2483

    USDCAD’s bearish movement from 1.3347 extended to as low as 1.2483, facing the import support at 1.2460 (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue. Key resistance...
  7. forexcycle

    USDCAD remains in the downtrend from 1.3347

    USDCAD remains in the downtrend from 1.3347, the bounce from 1.2540 could be treated as consolidation of the downtrend. Near term resistance is at the downward trend line on its 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and further...
  8. forexcycle

    USDCAD remains in downtrend from 1.3347

    USDCAD remains in downtrend from 1.3347, the bounce from 1.2859 could be treated as consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to continue and next...
  9. forexcycle

    USDCAD continued its downward movement from 1.3347

    USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2971, facing the important support level of 1.2968 (Jan 31 low). Near term resistance is at 1.3045, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.2800...
  10. forexcycle

    USDCAD pulled back to 1.3480

    After touching 1.3540 resistance, USDCAD pulled back to 1.3480, indicating that the pair remains in downtrend from 1.3793 and the bounce from 1.3387 could be treated as consolidation of the downtrend. As long as 1.3540 resistance holds, the downtrend could be expected to continue and further...
  11. forexcycle

    USDCAD remains in downtrend from 1.3793

    USDCAD remains in downtrend from 1.3793, the rise from 1.3387 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to continue, and the next target...
  12. forexcycle

    USDCAD stays in a rising price channel

    USDCAD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3647 could be treated as consolidation of the uptrend, and further rise to 1.3700 area is possible after the consolidation. Near term support is at...
  13. forexcycle

    USDCAD moved sideways in a trading range

    USDCAD moved sideways in a trading range between 1.3264 and 1.3409. Resistance is at 1.3409, a break of this level will confirm that the downtrend from 1.3535 had completed at 1.3264 already, then the following upward movement could bring price to 1.3600 area. On the other side, a breakdown...
  14. yoni7

    crude oil and usdcad technical analysis

    Support for further correction to the level of 29.30 Breaking the 29 mark for the duration Descending Conversely, breakthrough will lead to the region 37-39 46-48 Canadian dollar analogy: Breakthrough area 1.4340 + _ give the approval to continue the course of the weakening of Hdolrhkndi In...
  15. fxstrategist

    The CAD could drop

    The USD/CAD keeps its bullish trend, the next resistance may be the 1.3458 level and from there the price may try to stall or even break to the downside, but if oil keeps dropping, then we may see a breakout of that level. A breakdown of the bullish trendline may indicate a change in direction...
  16. Jarratt Davis

    Buy USDCAD – Forex Trading Tips

    Our trade call is to buy USDCAD at 1.2950, or for the more aggressive trader, buy at market. This trade is heading into the GDP figure. If we get a pullback to the 2950 area and WTI does not rally then it will be a safer entry than entering at market, however it may not pull back. As the...
  17. Jarratt Davis

    Buying USDCAD - Forex Trading Tips

    Our trade call today is buying USDCAD at market as we anticipate a deal with Iran and a cut or dovishness by the BOC. Stop is at 1.2640 and TP will depend on the BOC decision and statement, with the most ambitious target being at 1.2990. Current Sentiment: During the Asian session NAB Business...
  18. J

    USDCAD Daily analysis

    USDCAD closes below the trend line last week and is expected to continue pushing down forming a new pattern. Stop Loss is set 20 pips above 1.0420 while target is at 1.0101. Note: Accuracy not guaranteed.
  19. C

    Peculiar Timing for Bank of Canada's Hawkish Warning

    USDCAD. Markets have been under pressure this week. Currently, the Dow is down 1.6% to 13,132, and WTI crude is trading under 87 per barrel. This does not mean that the markets will not reverse but the bearish catalyst has been disappointing earnings. And so, against the backdrop of falling...
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