Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View More
USD/CAD Channel is Higher; Fixed Length Cycle on Monday

USD/CAD Channel is Higher; Fixed Length Cycle on Monday

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-After testing support for all of February, USD/CAD is closing in on the December high. Be aware of the level but channel resistance is still a good deal higher. Cycle considerations are worthy of note. The decline from the 2016 top lasted 74 days. Since that point, the fixed length cycle has identified turns (3 days early on the August 2016 low). The next cycle date was Monday but give these cycle dates a window (August low was 3 days after the date for example).

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES