USDCAD

The USDCAD consolidates within levels. Is a break out imminent

Up until today. The USDCAD price action still trades within a range. Price trades within level 1.25919 and level 1.27482. The pair hasn’t really moved for some weeks now. In the chart it seems as if price forms a consolidation with no signs of momentum and good volatility. The link below shows us price has […]

USDCAD

The USDCAD signals possible bearish continuation

USDCAD recently found support from its bearish trend. And now consolidates within support level 1.24701 and resistance level 1.28752 by the time of this writing . The pair broke its previous support level last week as soon as we sent out the previous analysis .The USDCAD signals bearish price action (https://fxsits.com/usdcad-pair-breaks-out-consolidation-to-move-bearish/.) USDCAD H4 chart 2 […]

USDCAD

USDCAD pair breaks out consolidation to move bearish.

In last week’s we analysis we saw how the USDCAD pair broke out its consolidation. After that we saw price continue it’s bearish movement. The link can be used as reference. (https://fxsits.com/the-usdcad-breaks-consolidation/). The pair has found support and currently trades above support level 1.26956 USDCAD H4 chart 16 December 2020 Learn how to trade Looking […]

USDCAD

The USDCAD breaks consolidation

Last week we saw the USDCAD trade in-between a consolidation level. The link below can be used as reference. https://fxsits.com/the-usdcad-price-action-consolidates-between-key-areas/ . Looking at the chart you will see how price reacts after 5 market sessions. The USDCAD breaks consolidation and moves bearish. Thus, following its long term trend .Possibly signaling a bearish continuation into 2021. […]

USDCAD

The USDCAD price action consolidates between key areas.

Last week we spoke about the USDCAD price action. In the previous post we mentioned that the pair was trading and in-between consolidation. https://fxsits.com/the-usdcad-price-action-continues-its-bearish-movement/ . The pair hasn’t been able to move or break past the consolidation zones. In the chart price trades within Resistance level 1.31167 and support level 1.30387. USDCAD H4 chart 24 […]

USDCAD

The USDCAD price action continues its bearish movement

The USDCAD price action has shown bearish continuation since last month after it’s retracement. We spoke about this pair last month. Click on the link for the previous analysis (https://fxsits.com/the-usdcad-pair-resumes-bearish-plans/).Today price trades at level 1.31059 which is our resistance = support level as seen on the H4 time frame. USDCAD Daily chart 16 November 2020 […]

USDCAD

The USDCAD pair resumes bearish plans.

The USDCAD pair has been retracing from its long term bearish movement. We last spoke about the pair on the 10th of September. In this post (https://fxsits.com/usdcad-signals-a-long-term-bearish-move/) . Since then the pair has found support at an important level. The USDCAD pair now continues its bearish movement in the trends direction. USDCAD 6 October 2020 […]

USDCAD

USDCAD signals a long term bearish move

The USDCAD signals a long term bearish move for 5 months now. We last wrote about the pair late last month. Check the link for reference. https://fxsits.com/usdcad-falls-short/. This bearish move is due to the Canadian dollar gaining strength over the US dollar. The Canadian economy has been performing better for the last 5 months. USDCAD […]

USDCAD

USDCAD falls short as sellers push market bearish

The past weeks have been quite a volatile market for the USDCAD. We’ve seen sellers push the market bearish as USDCAD falls towards the long term trend. We lastly reported on the pair last month when it was ranging.(https://fxsits.com/usdcad-price-action-2/). Now the pair has broken the anti-trend line and continues to move bearish towards level 1.29550 […]

USDCAD

USDCAD PRICE ACTION PERFORMANCE .

The USDCAD price has been ranging for about a month now. This is a result of price rejecting from level 1.33190 on June 10th. Since its rejection from the bearish price action. We see price is now consolidating above level 1.34938 which is our current support. Level 1.37212  acts as our our new resistance level. […]