ActionForex.com
Aug 01 13:49 GMT

Sponsors

Forex Expos

Action Insight: USDCAD Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Aug 01 15 11:41 GMT
USD/CAD edged higher to 1.3102 last week but turned sideway since then. Initial bias stays neutral this week and more consolidations cannot be ruled out. In case of another fall, downside should be contained by 38.2% retracement of 1.2127 to 1.3102 at 1.2730 and bring rise resumption. Above 1.3102 will extend recent up trend and target next projection level at 1.3287.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 31 15 09:28 GMT
Intraday bias in USD/CAD is turned neutral for the moment. the consolidation from 1.3102 might extend and another fall cannot be ruled out. But we'd expect support from 38.2% retracement of 1.2127 to 1.3102 at 1.2730 to contain downside and bring rally resumption. On the upside, above 1.3102 will extend recent up trend and target next projection level at 1.3287.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 30 15 03:51 GMT
The correction from 1.3102 short term top is still in progress. Intraday bias in USD/CAD remains mildly on the downside for 38.2% retracement of 1.2127 to 1.3102 at 1.2730. At this point, we'd expect strong support around 1.2562 resistance turned support to contain downside and bring rally resumption. On the upside, above 1.3102 will extend recent up trend and target next projection level at 1.3287.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 29 15 05:09 GMT
The breach of 1.2915 minor support argues that a short term top is formed at 1.3102. Intraday bias is mildly on the downside for pull back to 38.2% retracement of 1.2127 to 1.3102 at 1.2730. At this point, we'd expect strong support around 1.2562 resistance turned support to contain downside and bring rally resumption. Above 1.3102 will target next projection level at 1.3287.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 28 15 05:56 GMT
With 1.2915 minor support intact, further rise is still expected in USD/CAD. Current rally should target next projection level at 1.3287. On the downside, though, break of 1.2915 support will suggest short term topping and will bring deeper fall back towards 1.2562 resistance turned support.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 27 15 05:18 GMT
Intraday bias in USD/CAD remains mildly on the upside for the moment. Current rally should target next projection level at 1.3287. On the downside, though, break of 1.2915 support will suggest short term topping and will bring deeper fall back towards 1.2562 resistance turned support.
Read more...
 
USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 25 15 09:57 GMT
USD/CAD's rally extended last week and breached 1.3063 resistance. There is no clear sign of reversal yet. Initial bias remains on the upside this week for next projection level at 1.3287. On the downside, though, break of 1.2915 support will suggest short term topping and will bring deeper fall back towards 1.2562 resistance turned support.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 24 15 06:56 GMT
Intraday bias in USD/CAD remains on the upside for the moment. Break of 1.3063 resistance will target 161.8% projection of 1.1919 to 1.2562 from 1.2127 at 1.3182. Nonetheless, break of 1.2915 support will suggest short term topping and will bring deeper fall back towards 1.2562 resistance turned support.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 23 15 04:46 GMT
USD/CAD's rally resumed after brief consolidations and intraday bias is back on the upside. Break of 1.3063 resistance will target 161.8% projection of 1.1919 to 1.2562 from 1.2127 at 1.3182. Nonetheless, break of 1.2915 support will suggest short term topping and will bring deeper fall back towards 1.2562 resistance turned support.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 22 15 06:31 GMT
A temporary top is in place at 1.3023, ahead of 1.3063 key resistance and intraday bias is turned neutral first. Some consolidations would be seen but another rally is expected as long as 1.2662 minor support holds. Above 1.3023 will extend recent up trend through 1.3063 resistance. Though, break of 1.2662 will indicate short term reversal and turn focus back to 1.2127 support instead.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 85

Latest in Technical Outlook

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

Action Insight Newsletter
ActionForex.com © 2015 All rights reserved.