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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 Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 31 14 02:56 GMT
USD/CAD's consolidation from 1.1385 is still in progress and deeper pull back cannot be ruled out. But still, near term outlook stays bullish as long as 1.1081 support holds and another rise is expected. Above 1.1254 minor resistance will turn bias back to the upside for 1.1385. Break will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction and deeper pull back before staging another rally.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 30 14 04:16 GMT
Outlook in USD/CHF is unchanged. While deeper pull back cannot be ruled out, near term outlook stays bullish as long as 1.1081 support holds and another rise is expected. Above 1.1254 minor resistance will turn bias back to the upside for 1.1385. Break will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction and deeper pull back before staging another rally.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 29 14 03:25 GMT
The pull back from 1.1385 extended lower and intraday bias is mildly on the downside for deeper fall. But after all, Near term outlook stays bullish as long as 1.1081 support holds and another rise is expected. Above 1.1254 minor resistance will turn bias back to the upside for 1.1385. Break will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction and deeper pull back before staging another rally.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 28 14 03:39 GMT
Intraday bias in USD/CAD remains neutral as consolidation from 1.1385 continues. Near term outlook stays bullish as long as 1.1081 support holds. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction and deeper pull back before staging another rally.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 27 14 03:01 GMT
Intraday bias in USD/CAD remains neutral as consolidation from 1.1385 continues. Near term outlook stays bullish as long as 1.1081 support holds. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction and deeper pull back before staging another rally.
Read more...
 
USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 25 14 11:44 GMT
USD/CAD's consolidation from 1.1385 continued last week and outlook is unchanged. Initial bias is neutral this week for some more sideway trading first. Near term outlook stays bullish as long as 1.1081 support holds. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction and deeper pull back before staging another rally.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 24 14 02:54 GMT
USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Again, near term outlook stays bullish as long as 1.1081 support holds and further rally is expected. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 23 14 01:45 GMT
USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Again, near term outlook stays bullish as long as 1.1081 support holds and further rally is expected. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 22 14 03:52 GMT
USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Again, near term outlook stays bullish as long as 1.1081 support holds and further rally is expected. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 21 14 03:13 GMT
Intraday bias in USD/CAD remains neutral and some more consolidation from 1.1385 would be seen. But near term outlook stays bullish as long as 1.1081 support holds. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
Read more...
 
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