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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 | Nov 27 14 09:04 GMT
Intraday bias in USD/CAD remains neutral for the moment. While bearish divergence condition was seen in daily MACD, the pair seems to be drawing good support from 55 days EMA. In any case, with 1.1121 support intact, price actions from 1.1466 are viewed as a correction and further rise is still in favor. Above 1.1369 minor resistance will turn bias back to the upside for 1.1466 first. Break will extend recent up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will turn near term outlook bearish and turn focus back to 1.0620 key support level.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 26 14 07:54 GMT
Intraday bias in USD/CAD remains neutral for the moment. While bearish divergence condition was seen in daily MACD, the pair seems to be drawing good support from 55 days EMA. In any case, with 1.1121 support intact, price actions from 1.1466 are viewed as a correction and further rise is still in favor. Above 1.1369 minor resistance will turn bias back to the upside for 1.1466 first. Break will extend recent up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will turn near term outlook bearish and turn focus back to 1.0620 key support level.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 25 14 02:25 GMT
Intraday bias in USD/CAD remains neutral for the moment. While bearish divergence condition was seen in daily MACD, the pair seems to be drawing good support from 55 days EMA. In any case, with 1.1121 support intact, price actions from 1.1466 are viewed as a correction and further rise is still in favor. Above 1.1369 minor resistance will turn bias back to the upside for 1.1466 first. Break will extend recent up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will turn near term outlook bearish and turn focus back to 1.0620 key support level.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 24 14 02:54 GMT
As noted before, the break of channel support and bearish divergence condition in daily MACD raised the chance of near term trend reversal. But still, USD/CAD is holding above 1.1121 support and thus, we're treating price actions from 1.1466 as a corrective move so far. Above 1.1369 minor resistance will turn bias back to the upside for 1.1466 first. Break will extend recent up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will turn near term outlook bearish and turn focus back to 1.0620 key support level.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 22 14 03:26 GMT
USD/CAD's fall from 1.1466 extended to as low as 1.1191 last week. The odd of trend reversal is increasing with the break of channel support and bearish divergence condition in daily MACD. Yet, USD/CAD is holding above 1.1121 support and thus, we're treating price actions from 1.1466 as a corrective move so far. Above 1.1369 minor resistance will turn bias back to the upside for 1.1466 first. Break will extend recent up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will turn near term outlook bearish and turn focus back to 1.0620 key support level.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 21 14 08:39 GMT
The consolidation from 1.1466 is still in progress and intraday bias remains neutral. In case of deeper pull back, downside should be contained above 1.1121 support and bring rise resumption. Above 1.1466 will extend the larger up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will indicate near term reversal and bring deeper decline
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 20 14 03:12 GMT
The consolidation from 1.1466 is still in progress and intraday bias remains neutral. In case of deeper pull back, downside should be contained above 1.1121 support and bring rise resumption. Above 1.1466 will extend the larger up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will indicate near term reversal and bring deeper decline.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 19 14 05:38 GMT
The consolidation from 1.1466 is still in progress and intraday bias remains neutral. In case of deeper pull back, downside should be contained above 1.1121 support and bring rise resumption. Above 1.1466 will extend the larger up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will indicate near term reversal and bring deeper decline.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 18 14 04:54 GMT
Intraday bias in USD/CAD remains neutral as consolidation from 1.1466 might extend. Downside of pull back should be contained above 1.1121 support and bring rise resumption. Above 1.1466 will extend the larger up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will indicate near term reversal and bring deeper decline.
Read more...
 
USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Nov 17 14 08:53 GMT
Intraday bias in USD/CAD remains neutral as consolidation from 1.1466 might extend. Downside of pull back should be contained above 1.1121 support and bring rise resumption. Above 1.1466 will extend the larger up trend to next long term fibonacci level at 1.1666. However, break of 1.1121 will indicate near term reversal and bring deeper decline.
Read more...
 
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