Consolidation breakdown: The USD/CAD was consolidating roughly between 1.0050 and 1.0130. During the 5/7 European session, we saw a dip below 1.0050, as the USD/CAD broke down the consolidation support. As we begin the US session, we see a pullback to within the previous consolidation zone, but it remains at the bottom half, which maintains the bearish outlook brought about by the breakdown.
By Fan Yang | May 07 | FX Times
Consolidation, breakout targets: The USD/CAD has been consolidating since the end of April. The 1H chart shows a market that found support in the 1.0050-1.0060 area and then resistance roughly in the 1.0120-1.0130 area. There is a "central pivot" around 1.0090. Below that there is bearish bias within the consolidation pattern. Above 1.01, there is bullish bias within it.
By Fan Yang | May 06 | FX Times
TL breakdown: USD/CAD consolidated late last week, but started this week falling to a new low since the market found resistance at 1.0340. The bearish price action also broke below 38.2% retracement at 1.0139 and also a rising trendline that started from the 0.9814 low in January. This trendline has held price action bullish throughout the year, and the break signals a reversal.
By FAn Yang | Apr 03 | FX Times
The pair USD/CAD went out yesterday of its neutral zone between 1.0189 and 1.0229 from the bottom, giving us a sell signal. On this last movement, the price broke the medium term bullish slant (purple line) who gave support since the beginning of the year.
Mar 28 | Forextribe
These last days, the pair USD/CAD finally continued its correction and is currently testing the medium term bullish slant (purple line), active since the beginning of the year. The correction is reflected by the presence of a medium term bearish slant (black line). In the short term, the price is pa...
Mar 26 | Forextribe
A break above 1.0270 suggests a gartley is indeed complete and a bullish continuation could be developing. It should be noted that the prevailing trend even before the noted upswing has been bullish. The first challenge will be at a falling trendline from 1.0341. A break above should open up the 1.0341 high as well as further bullish outlook.
By Fan Yang | Mar 06 | FX Times
Earlier this week, the pair USD/CAD has validated the break of the resistance at 1.0228 (highs of July), giving us a new buy signal. After a pullback on this level support, the bullish resumed towards the resistance at 1.0350. On the short term, the pullback has led to a break of the bullish slant (blue line) but the price continues to move along this slant as resistance.
Mar 02 | Forextribe
USD/CAD has recently reached the target level 1. As this forecast suggested the pair spent all of the last week trending strongly up - eventually reaching the target level 1.0232 on Friday - in exactly the same time that was calculated for the completion of this forecast - within the next 5 trading days.
By Dima Chernovolov | Feb 25 | Autochartist
Loonie Establishes New 7-Month Low Against Greenback
Feb 20 | FX Bootcamp
Last Friday, the pair USD/CAD has resumed its upward trend and is currently testing the resistance at 1.0080. This level led twice to a correction last week. The rebound of the price has allowed the validation of our medium-term bullish slant (purple line - 3 points of contact).
Feb 19 | Forextribe
The pair USD/CAD has made a double top on 1.0080 earlier this week before starting a correction. The price is back on its medium term bullish slant (the third point of contact) and we can therefore expect a new upward wave in the coming days to 1.0080 and 1.01 in extension.
Feb 16 | Forextribe
Double Top: The 1H USD/CAD chart shows a completed double top that formed under the 1.0085 level, and had a base support at 1.0039. This double top opened up the previous resistance pivot at 0.9993, but has so far pulled back before reaching parity. It is back to test the bottom of the double top. If this market can hold under 1.
By Fan Yang | Feb 14 | FX Times