USDCAD Outlook

USD/CAD's strong rebound from 1.3017 argues that price actions from 1.3588 are merely a three wave consolidation pattern. It could also be completed at 1.3017 already. Initial bias stays mildly on the...
USDCAD Outlook

Current development suggests that the consolidation pattern from 1.3588 has completed with three waves to 1.3017. And, the corrective rise from 1.2460 hasn't completed. Intraday bias is mildly on the ...
USDCAD Outlook

USD/CAD's rebound and break of 1.3189 resistance suggests short term bottoming at 1.3017 on bullish convergence condition in 4 hour MACD. More importantly, it should have invalidated the case of doubl...
USDCAD Outlook

USD/CAD's fall from 1.3598 resumed after brief consolidation and intraday bias is back on the downside. As noted before, prior break of 1.3080 key support level could have completed a double top pat...
USDCAD Outlook

No change in USD/CAD's outlook. With 1.3293 resistance intact, deeper decline is expected. As noted before, prior break of 1.3080 key support level could have completed a double top pattern (1.3588, ...
USDCAD Outlook

Deeper decline is expected in USD/CAD as long as 1.3293 resistance holds. As noted before, prior break of 1.3080 key support level could have completed a double top pattern (1.3588, 1.3598) and ind...
USDCAD Outlook

USD/CAD's fall from 1.3598 extended lower last week. The breach of 1.3080 key support level could have completed a double top pattern (1.3588, 1.3598) and indicates reversal. That is, whole correctiv...
USDCAD Outlook

Intraday bias in USD/CAD remains on the downside for the moment. Prior break of 1.3080 completed a double top pattern (1.3588, 1.3598) and indicates reversal. Fall from 1.3598 is seen as the third leg...
USDCAD Outlook

USD/CAD reaches as low as 1.3134 so far today and decline from 1.3598 extends. The break of 1.3080 completes a double top pattern (1.3588, 1.3598) and indicates reversal. This also supports our view t...
USDCAD Outlook

USD/CAD's fall from 1.3598 resumes after brief consolidation and intraday bias is back on the downside for 1.3080 key support level. Decisive break there will confirm completion of whole corrective ri...
USDCAD Outlook

Intraday bias in USD/CAD is turned neutral with a temporary low formed at 1.3176. Another decline is expected as long as 1.3330 minor resistance holds. Below 1.3176 will target 1.3080 key support leve...
USDCAD Outlook

With 1.3330 minor resistance intact, deeper fall is expected in USD/CAD for 1.3080 key support level. As noted before, price actions from 1.2460 are viewed as a corrective move. Decisive break of 1.3...