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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 – 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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USDCAD Weekly Forex Forecast – 17th to 21st April 2017

The USDCAD technical pattern is trapped in a messy trading range.The first level of support comes in at 1.3280 while a break below will expose the 1.3212. To the upside, we have the first level of resistance at 1.3340 intraday resistance level followed by 1.3417 and 1.3450. The stochastic indicator is already in oversold territory […]

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USDCAD Weekly Forex Forecast – 10th to 14th April 2017

The USDCAD technical pattern is making higher highs and higher lows which support the bullish view. The USDCAD sell offs are quickly bought and we might see another attempt to challenge the big psychological number 1.3500. The stochastic indicator is also moving higher which encourages us to believe we can even see a false breakout […]

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USDCAD Weekly Forex Forecast – 3rd to 7th April 2017

The USDCAD is making lower highs and lower lows suggesting we’re in a bearish price structure, however, we need a break and a close below 1.3280 support level for more weakness to be seen. On the upside, we have 1.3414 resistance level, but what is most critical is the downward trendline which should cap any […]

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USDCAD Weekly Forex Forecast – 27th to 31st March 2017

The USDCAD is in the process of establishing a bearish flag formation which warns that the downside might not be over yet. Any rally above resistance level 1.3417 and into the upward channel border should fade away for another attempt to try and challenge the current low 1.3280. A break below the lows will open […]

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USDCAD Weekly Forex Forecast – 20th to 24th March 2017

The USDCAD is in the process of correcting the cycle from the February low. The broad based dollar weakness will keep USDCAD under pressure. Early in the week, we can see any rally towards 1.3417 intraday resistance levels to fade away for a possible new low and a retest of the 1.3212 support level. For […]

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USDCAD Weekly Forex Forecast -13th to 17th March 2017

The USDCAD was unable to close above the 1.3500 big psychological number which can be the signal that we’re in the process of correcting the cycle from January low. Based on the Elliott Wave theory, we have completed a 5 wave sequence to the upside which needs to be followed by at least 3 wave […]

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USDCAD Weekly Forex Forecast – 6th to 10th Mar 2017

The USDCAD technical pattern has turned strongly bullish. The break above 1.3350 swing high has put the focus on the big psychological number 1.3500. The stochastic indicator is showing a bullish momentum built-up which supports the bullish case. However, we can expect first a retest of the 1.3350 support level before a retest of the […]

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USDCAD Weekly Forex Forecast – 27th Feb to 3rd Mar 2017

The USDCAD technical pattern is quite complicated. Over the last three weeks of price activity, USDCAD has been moving in a tight range between 1.3030 support level and 1.3200 resistance levels. In the short term, the stochastic indicator is suggesting a bullish divergence that suggests a reversal but long-term trend still remains bearish. The Australian […]

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USDCAD Weekly Forex Forecast – 20th to 24th Feb 2017

The USDCAD is having a hard time breaking below the big psychological number 1.3000 which indicates more ranging activity as long as we trade between 1.3030 support and 1.3212 resistance levels. Once any of these two levels are broken we can expect some trend developments, but until then the most probable scenario is for a […]

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