Daily Pivots: (S1) 1.4328; (P) 1.4382; (R1) 1.4428; More… Intraday bias in USD/CAD stays neutral as consolidation continues below 1.4466 temporary top. While deeper pull back cannot be ruled out, outlook will stay bullish as long as 1.4177 resistance turned support holds. On the upside, break of 1.4466 and sustained trading above 1.4391 will pave […]

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USD/CAD’s up trend continued to as high as 1.4466 last week but retreated after breaching 1.4391 projection level. Initial bias is turned neutral this week for consolidations first. Outlook will stay bullish as long as 1.4177 resistance turned support holds. Break of 1.4466 and sustained trading above 1.4391 will pave the way to retest 1.4667/89 […]

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Daily Pivots: (S1) 1.4341; (P) 1.4404; (R1) 1.4463; More… Intraday bias in USD/CAD stays on the upside at this point. Current rally is part of the larger up trend. Sustained trading above 1.4391 projection level will pave the way to 1.4667 long term resistance. On the downside, below 1.4304 minor support will turn intraday bias […]

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Daily Pivots: (S1) 1.4351; (P) 1.4401; (R1) 1.4497; More… USD/CAD’s rally accelerates further higher and breaks through 1.4391 medium term projection level. There is no sign of topping yet and intraday bias stays on the upside, Next target is 1.4667 long term resistance. On the downside, below 1.4304 minor support will turn intraday bias neutral […]

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Daily Pivots: (S1) 1.4217; (P) 1.4244; (R1) 1.4272; More… Intraday bias in USD/CAD stays on the upside for the moment. Current up trend is in progress for 1.4391 projection level. On the downside, break of 1.4242 minor support will turn intraday bias neutral again first, and bring deeper pull back to channel support (now at […]

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Daily Pivots: (S1) 1.4217; (P) 1.4244; (R1) 1.4272; More… Canadian Dollar edged up slightly in early US session and intraday bias remains on the upside. Current up trend should target 1.4391 projection level. On the downside, break of 1.4208 minor support will turn intraday bias neutral again first, and bring deeper pull back to channel […]

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Daily Pivots: (S1) 1.4217; (P) 1.4244; (R1) 1.4272; More… USD/CAD’s up trend continues today and intraday bias stays on the upside. Next target is 1.4391 projection level. On the downside, break of 1.4208 minor support will turn intraday bias neutral again first, and bring deeper pull back to channel support (now at 1.4114). Considering bearish […]

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Daily Pivots: (S1) 1.4210; (P) 1.4228; (R1) 1.4252; More… Intraday bias in USD/CAD stays on the upside for the moment. Current rally is part of the larger up trend and should target 1.4391 projection level next. Considering bearish divergence condition in 4H MACD, break of 1.4119 support will indicate short term topping and bring deeper […]

The post USD/CAD Daily Outlook appeared first on Action Forex.

USD/CAD’s up trend continued last week and there is no sign of topping. Initial bias stays on the upside this week for 1.4391 projection level next. Considering bearish divergence condition in 4H MACD, break of 1.4119 support will indicate short term topping and bring correction. In the bigger picture, up trend from 1.2005 (2021) is […]

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Daily Pivots: (S1) 1.4159; (P) 1.4194; (R1) 1.4256; More… USD/CAD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise is part of the larger up trend and should target 1.4391 projection level. On the downside, below 1.4119 support will turn intraday bias neutral again and bring consolidations again, before […]

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Daily Pivots: (S1) 1.4121; (P) 1.4158; (R1) 1.4195; More… Intraday bias in USD/CAD remains neutral for consolidation below 1.4194 temporary top. Outlook will remain bullish as long as 1.4009 support holds. Break of 1.4194 will resume larger up trend to 1.4391 projection level. However, considering bearish divergence condition in 4H MACD, firm break of 1.4009 […]

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Daily Pivots: (S1) 1.4160; (P) 1.4178; (R1) 1.4199; More… Intraday bias in USD/CAD is turned neutral first with current retreat, and some consolidations would be seen. But outlook will remain bullish as long as 1.4009 support holds. Break of 1.4194 will resume larger up trend to 1.4391 projection level. However, considering bearish divergence condition in […]

The post USD/CAD Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.4160; (P) 1.4178; (R1) 1.4199; More… Intraday bias in USD/CAD remains on the upside for the moment. Current rally is part of the larger up trend and should target 1.4391 projection level. On the downside, below 1.4092 minor support will delay the bullish case, and bring more consolidations first, before staging another […]

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Daily Pivots: (S1) 1.4118; (P) 1.4147; (R1) 1.4200; More… USD/CAD’s breach of 1.4177 resistance suggests that larger up trend is resuming. Intraday bias is back on the upside for further rally to 1.4391 projection level. On the downside, below 1.4092 minor support will delay the bullish case, and bring more consolidations first, before staging another […]

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Daily Pivots: (S1) 1.4057; (P) 1.4111; (R1) 1.4211; More… Focus stays on 1.4177 resistance in USD/CAD. Decisive break there will resume larger up trend. Next target is 1.4391 projection level. Rejection by 1.4177 will delay the bullish case and bring more consolidations. But outlook will continue to stay bullish as long as 1.3980 support holds. […]

The post USD/CAD Daily Outlook appeared first on Action Forex.

While USD/CAD extended the consolidations from 1.4177 last week, the late surge argues that larger up trend might be ready to resume. Immediate focus is now on 1.4177 resistance this week. Decisive break there will confirm this bullish case and target 1.4391 projection level next. Rejection by 1.4177 will delay the bullish case and bring […]

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Daily Pivots: (S1) 1.3996; (P) 1.4039; (R1) 1.4068; More… No change in USD/CAD’s outlook as consolidation continues below 1.4177. Intraday bias remains neutral and further rally is expected with 1.3930 support intact. On the upside, firm break of 1.4177 will resume larger up trend towards 1.4391 projection level. However, break of 1.3926 will turn bias […]

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Daily Pivots: (S1) 1.4056; (P) 1.4070; (R1) 1.4087; More… Range trading continues in USD/CAD and intraday bias remains neutral for the moment. Further rally is expected with 1.3930 support intact. On the upside, firm break of 1.4177 will resume larger up trend towards 1.4391 projection level. However, break of 1.3926 will turn bias to the […]

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Daily Pivots: (S1) 1.4027; (P) 1.4052; (R1) 1.4094; More… USD/CAD is extending sideway trading below 1.4177 and intraday bias stays neutral at this point. Further rally is expected with 1.3930 support intact. On the upside, firm break of 1.4177 will resume larger up trend towards 1.4391 projection level. However, break of 1.3926 will turn bias […]

The post USD/CAD Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.3993; (P) 1.4042; (R1) 1.4094; More… Range trading continues in USD/CAD below 1.4177 and intraday bias remains neutral for the moment. Further rally is expected with 1.3930 support intact. On the upside, firm break of 1.4177 will resume larger up trend towards 1.4391 projection level. However, break of 1.3926 will turn bias […]

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