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Category Archives for "USDCAD Weekly Forex Forecast"

Every week we recap the previous week and forecast the following week where we think the USDCAD will be heading in our USDCAD Weekly Forex Forecast. We know you will like our short but concise USDCAD analysis.

USDCAD Weekly Forex Forecast – 26th to 30th June 2017

The USDCAD technical pattern is trapped in a very precise trading range, but the prevailing trend remains strongly bearish and in this case we’re more prone to break to the downside. The first level of resistance comes at previous week high 1.3347 and any rallies above this level should quickly fade away. The major support […]

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USDCAD Weekly Forex Forecast – 19th to 23rd June 2017

The USDCAD technical pattern has made a strong stance on the bearish case after breaking downside through multiple important support levels. The risk now remains to the downside for further continuation. This is a strong bearish trend development that can send USDCAD below the big psychological number 1.3000. The stochastic indicator has already started to […]

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USDCAD Weekly Forex Forecast – 12th to 16th June 2017

The USDCAD technical pattern has been trapped in a very tight ranging market for three consecutive weeks. The big psychological number 1.3500 remains the upper border of current range followed by 1.3545 intraday resistance while to the downside we have the 1.3386 acting as the lower border followed by 1.3338 support level. The stochastic indicator […]

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USDCAD Weekly Forex Forecast – 5th to 9th June 2017

The USDCAD has failed to maintain a close above the big psychological number 1.3500. This definitely shows bullish weakness, but we can still expect to see another attempt to break higher. Only a daily close above 1.3500 will signal a reversal and possibly a retest of 1.3650 next resistance area. The stochastic indicator still has […]

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USDCAD Weekly Forex Forecast – 29th May to 2nd June 2017

The USDCAD continued to drift lower and while we’re still trading below the big psychological number 1.3500 more downside should be expected. Only a daily break and close above 1.3500 will signal a resumption of the bigger trend. Short-term we can expect a retest of the 1.3300 support level before to see another attempt to […]

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USDCAD Weekly Forex Forecast – 22nd to 26th May 2017

The USDCAD has broken outside of a two weeks range, which can signal a change in the direction of the trend. We’re still trading above the big psychological number 1.3500 but we really have a very weak close above it. Since the stochastic indicator is already in oversold territory we can expect a bounce from […]

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USDCAD Weekly Forex Forecast – 15th to 19th May 2017

The USDCAD bullish trend looks mature and there is no sign of reversal anytime soon. Only a break and a daily close below support level 1.3630 can open up the door for a much significant retracement. The big support level comes at 1.3500 psychological number. On the upside, we need a break of the current […]

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USDCAD Weekly Forex Forecast – 1st to 5th May 2017

The USDCAD bullish sequence has held for the previous week as well. The rally was not just pure technical which of course it helped, especially the break above 1.3598 December high, but the sell-off in the energy sector has sustained the Canadian dollar weakness. As long as we stay above 1.3500 we can even see […]

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USDCAD Weekly Forex Forecast – 1st to 5th May 2017

The USDCAD has successfully broken above the big psychological number 1.3500 but we’re already in overbought territory based on the stochastic indicator and a pullback should happen sooner rather than later. On the downside, we have the first level of support at 1.3600 previous swing high. A break and a close below this level can […]

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USDCAD Weekly Forex Forecast – 24th to 28th April 2017

The USDCAD strong rally looks corrective in nature and the fact that we couldn’t close above the big psychological number 1.3500 can be a negative sign for the bulls. We’re also trading below 1.3533 March’s high and only a daily close above it can really signal a shift in the trend. Below the current market […]

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