USD/CAD
USDCAD rebounded strongly from 1.0471
By ForexCycle.com at 31 August, 2010, 1:15 am
USDCAD rebounded strongly from 1.0471, suggesting that a cycle bottom is being formed on 4-hour chart. Another rise to test 1.0676 (Jul 6 high) key resistance is possible in a couple of days, a break of this level will confirm the cycle bottom, then further rise to 1.0750 could be seen. …
USDCAD failed to break above 1.0676
By ForexCycle.com at 27 August, 2010, 1:02 am
USDCAD failed to break above 1.0676 (Jul 6 high) resistance and formed a cycle top at 1.0666. Pullback towards 1.0400 area would more likely be seen in next several days. As long as 1.2400 support holds, the fall from 1.0666 could be treated as consolidation of uptrend from 1.0107, one more …
USDCAD formed a minor consolidation
By ForexCycle.com at 26 August, 2010, 1:44 am
Being contained by 1.0676 (Jul 6 high) resistance, USDCAD formed a minor consolidation in a range between 1.0556 and 1.0666. Key support is at 1.0556, as long as this level holds, uptrend could be expected to continue and further rise to 1.0750 is still possible after consolidation. However, a breakdown below …
USDCAD is forming a triangle pattern
By ForexCycle.com at 22 July, 2010, 1:22 am
USDCAD is forming a triangle pattern on daily chart. Resistance is at the upper boundary of the pattern, now at 1.0605, a clear break above this level will indicate that the uptrend form 0.9930 has resumed, then another rise towards 1.0852 (May 25 high) could be seen. Support is located at …
USDCAD trades in a narrow range between 1.0498 and 1.0581
By ForexCycle.com at 20 July, 2010, 12:37 am
USDCAD trades in a narrow range between 1.0498 and 1.0581. The price action in the range is more likely consolidation of uptrend from 1.0276. One more rise towards 1.0676 key resistance is still possible later today, and pullback would more likely be seen before breaking above this level. Key support is …
USDCAD bounced strongly to as high as 1.0523
By ForexCycle.com at 19 July, 2010, 3:52 am
USDCAD bounced strongly to as high as 1.0523 last week. Further rise towards 1.0676 previous high is still possible later today, and pullback would more likely be seen before breaking above this level. Key support is now at 1.0500, a breakdown below this level will indicate that a cycle top has …
USDCAD consolidates below 1.0678
By ForexCycle.com at 5 July, 2010, 2:31 am
USDCAD consolidates below 1.0678 resistance. Range trading between 1.0540 and 1.0678 would more likely be seen in a couple of days. Support is at the lower boundary of the rising price channel on 4-hour chart, followed by 1.0540, as long as this level holds, uptrend could be expected to continue and …
USDCAD has reached falling trend line
By ForexCycle.com at 26 June, 2010, 2:22 am
USDCAD has reached the falling trend line from 1.0852 to 1.0678. A clear break above the trend line resistance will indicate that the fall from 1.0852 has completed at 1.0138 already, then further rally could be seen to 1.0600-1.0700 area. However, as long as the trend line resistance holds, the bounce …
