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.
- Market overviews covers major happenings in the markets as well as their impacts.
- Technical analysis of specific currency pair will be found in the technical outlook section. Covered pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY
- Special reports covers medium to longer term forecasts on exchange rates based on fundamentals, central bank meetings previews and reviews, plus any current issues that will have an impact on exchange rates.
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USDCAD Outlook |
Written by ActionForex.com |
Feb 04 12 05:55 GMT
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USD/CAD's choppy fall continued last week and reached as low as 0.9927 so far. Initial bias remains on the downside this week for 0.9891 support first. Break will extend the whole decline from 1.0656 towards 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, break of 1.0070 resistance is needed to be the first signal of near term bottoming. Otherwise, outlook will remain bearish even in case of retreat.
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USDCAD Outlook |
Written by ActionForex.com |
Feb 03 12 06:16 GMT
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Intraday bias in USD/CAD remains neutral for the moment and more consolidations could be seen above 0.9965 temporary low. But again, near term outlook remains cautiously bearish with 1.0147 resistance intact. Current fall from 1.0522 is expected to extend to 0.9891 support next. Break will target 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, break of 1.0147 resistance will indicate short term bottoming and bring stronger rebound back towards 1.0522 resistance. After all, USD/CAD is still bounded in range of 0.9891/1.0656 and recent price actions look corrective. That is more consolidative trading would be seen before confirmed breakout.
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USDCAD Outlook |
Written by ActionForex.com |
Feb 02 12 07:28 GMT
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No change in USD/CAD's outlook. More consolidation might be seen above 0.9965 temporary low. But near term outlook remains cautiously bearish with 1.0147 resistance intact. Current fall from 1.0522 is expected to extend to 0.9891 support next. Break will target 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, break of 1.0147 resistance will indicate short term bottoming and bring stronger rebound back towards 1.0522 resistance. After all, USD/CAD is still bounded in range of 0.9891/1.0656 and recent price actions look corrective. That is more consolidative trading would be seen before confirmed breakout.
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USDCAD Outlook |
Written by ActionForex.com |
Feb 01 12 08:23 GMT
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USD/CAD dipped to 0.9965 but quickly recovered. Intraday bias stays neutral and we'd expect more consolidations first. But as noted before, near term outlook remains cautiously bearish with 1.0147 resistance intact. Current fall from 1.0522 is expected to extend to 0.9891 support next. Break will target 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, break of 1.0147 resistance will indicate short term bottoming and bring stronger rebound back towards 1.0522 resistance. After all, USD/CAD is still bounded in range of 0.9891/1.0656 and recent price actions look corrective. That is more consolidative trading would be seen before confirmed breakout.
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USDCAD Outlook |
Written by ActionForex.com |
Jan 31 12 06:56 GMT
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Intraday bias in USD/CAD remains neutral and more consolidations could be seen above 0.9981 temporary low. But after all, near term outlook remains cautiously bearish with 1.0147 resistance intact. Current fall from 1.0522 is expected to extend to 0.9891 support next. Break will target 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, break of 1.0147 resistance will indicate short term bottoming and bring stronger rebound back towards 1.0522 resistance. After all, USD/CAD is still bounded in range of 0.9891/1.0656 and recent price actions look corrective. That is more consolidative trading would be seen before confirmed breakout.
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USDCAD Outlook |
Written by ActionForex.com |
Jan 30 12 06:32 GMT
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Intraday bias in USD/CAD is neutral for the moment and some consolidation could be seen above 0.9981 temporary low. But near term outlook remains cautiously bearish with 1.0147 resistance intact. Current fall from 1.0522 is expected to extend to 0.9891 support next. Break will target t 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, break of 1.0147 resistance will indicate short term bottoming and bring stronger rebound back towards 1.0522 resistance. After all, USD/CAD is still bounded in range of 0.9891/1.0656 and recent price actions look corrective. That is more consolidative trading would be seen before confirmed breakout.
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USDCAD Outlook |
Written by ActionForex.com |
Jan 28 12 06:59 GMT
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USD/CAD dropped to as low as 0.9981 last week and the break of 1.0051 support confirmed resumption of fall from 1.0522. Further decline is expected as long as 1.0147 resistance holds, for 0.9891 support. Break will target 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, break of 1.0147 resistance will indicate short term bottoming and bring stronger rebound back towards 1.0522 resistance. After all, USD/CAD is still bounded in range of 0.9891/1.0656 and recent price actions look corrective. That is more consolidative trading would be seen before confirmed breakout.
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USDCAD Outlook |
Written by ActionForex.com |
Jan 27 12 05:11 GMT
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USD/CAD drops further to as low as 0.9981 before recovering mildly. Further decline is expected with 1.0147 resistance intact, to 0.9891 support next. On the upside, break of 1.0147 resistance is needed to signal short term bottoming. Otherwise, we'll now stay cautiously bearish even in case of recovery.
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USDCAD Outlook |
Written by ActionForex.com |
Jan 26 12 07:14 GMT
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USD/CAD drops steeply to as low as 1.0014 so far today and the strong break of 1.0051 support indicates that choppy fall from 1.0522 has resumed. Intraday bias is back on the downside and further decline should be seen towards 0.9891 support next. On the upside, break of 1.0147 resistance is needed to signal short term bottoming. Otherwise, we'll now stay cautiously bearish even in case of recovery.
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USDCAD Outlook |
Written by ActionForex.com |
Jan 25 12 07:29 GMT
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USD/CAD is still holding above 1.0051 support and near term outlook remains neutral. As long as 1.0051 support holds, we'd favor an eventual upside breakout. But, break of 1.0422 is needed to be the first signal of breakout and target a test on 1.0656 high. Otherwise, near term outlook will remain neutral for more choppy sideway trading. Meanwhile, break of 1.0051 should pave the way to 0.9891 support and below.
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