Tag: USDCAD
• USDCAD reversed from support level 1.3215 • Likely to fall to resistance level 1.3400 USDCAD recently reversed up from the key support level 1.3215 (previous monthly high from the start of July), lower daily Bollinger Band, intersecting with the 38.2% Fibonacci correction of the downward impulse from October. The upward reversal from the support […]
• USDCAD reversed from support level 1.3530 • Likely to rise to resistance level 1.3795 USDCAD recently reversed up from the support level 1.3530 (low of wave (iv) from the start of October), intersecting with the lower daily Bollinger band, upper trendline of the daily up channel from April and 38.2% Fibonacci correction of the […]
• USDCAD rising inside impulse wave (3) • Likely to reach resistance level 1.3760 USDCAD currency pair continues to rise inside the sharp intermediate impulse wave (3), which previously broke the two intersecting up channels from April and August. The pair is under the bullish pressure due to the simultaneous strong bullish USD sentiment and […]
• USDCAD broke key resistance level 1.3200 • Likely to rise to resistance level 1.3400 USDCAD currency pair under the bullish pressure after the price broke above the key resistance level 1.3200 (which has been reversing the pair from July, as can be seen below). The breakout of the resistance level 1.3200 accelerated the active […]
• USDCAD falling inside short-term corrective wave (ii) • Likely to fall to support level 1.2900 USDCAD currency pair continues to fall inside the short-term corrective wave (ii), which started earlier from the key resistance level 1.3200 (which stopped wave 1 in July). Wave (ii) belongs to the higher-order impulse waves 3 and (3) from […]
• USDCAD reversed from resistance level 1.3200 • Likely to fall to support level 1.3000 USDCAD currency pair recently reversed down from the key resistance level 1.3200, standing far above the upper Bollinger Band. The downward reversal from the resistance level 1.3200 started the active minor correction (iv) – which belongs to wave 3 from […]
• USDCAD reversed from resistance level 1.3055 • Likely to fall to support level 1.2950 USDCAD currency pair recently reversed down from the pivotal resistance level 1.3055 (which has been repeatedly reversing the pair from the start of May, as can be seen below). The resistance area near the resistance level 1.3055 was strengthened by […]
• USDCAD reversed from resistance level 1.3075• Likely to fall to support level 1.2965 USDCAD recently reversed down from the key resistance level 1.3075 (the previous monthly high from May and June). The resistance area near the resistance level 1.3075 was strengthened by the upper daily Bollinger Band. Given the bearish divergence on the daily […]
• USDCAD reversed from key resistance level 1.2890• Likely to fall to support level 1.2750 USDCAD recently reversed down strongly from the key resistance level 1.2890 (which has been reversing the price from last August), standing near the upper daily Bollinger Band. The downward reversal from resistance level 1.2890 stopped the previous short-term impulse wave […]
• USDCAD reversed from support level 1.2450• Likely to rise to resistance level 1.2650 USDCAD recently reversed up sharply from the powerful support level 1.2450 (which has been repeatedly reversing the price from the middle of January). The upward reversal from the support level 1.2450 created the daily candlesticks reversal pattern Piercing Line – which […]
