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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 – 7th to 11th Aug 2017

The USDCAD has taken a big retracement after a very persistent bearish trend. The price structure still looks corrective in nature, so obviously it’s wise to expect a resumption of the downtrend. Last week high at 1.2750 should act now as the first level of resistance but a break above can send USDCAD into a […]

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USDCAD Weekly Forex Forecast – 7th to 11th Aug 2017

The USDCAD has bounced after a very long bearish trend that reached some levels of exhaustion. It remains to be seen if the current retracement has more legs or not. The weekly close above the big round number 1.2500 can indicate that the bulls are now in control. The stochastic indicator might also suggest that […]

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USDCAD Weekly Forex Forecast – 31st July to 4th Aug 2017

The USDCAD has finally managed to find a bottom at the 1.2413 level, but since the dominant trend is still bearish, we should treat any rally simply as a retracement. We can expect more consolidation in the coming weeks as the bearish trend needs to catch his breath. The first major level of resistance only […]

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

The USDCAD has continued to extend to the downside but the sell-off found support at the big psychological number 1.2500. The USDCAD is trading at a new 14-months low after it sold off more than 1000 pips from the May high. A break below 1.2500 will extend the current move down to 1.2460 the 2016 […]

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

The USDCAD has broken to new yearly lows reaching a 14-months low after the BOC decided to raise the benchmark interest rate from a historic low level of 0.5% by a quarter of a point. The sell-off has already reached extreme oversold conditions in multiple time frames and sooner rather than later we’re going to […]

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

The USDCAD remarkable continued on its bearish path as speculation over an imminent BOC rate hike has driven investors into buying the Canadian dollar. USDCAD has traded at levels not seen since September 2016. We almost reached our 1.2850 support level from where we can expect a bounce and possible a bigger correction. However, as […]

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

The USDCAD has reached new lows in 2017 after breaking below the big psychological number 1.3000. The USDCAD recent sell off has reached extreme stochastic oversold reading, which can indicate that sooner rather than later a bounce should be expected. There is no much resistance above the current price until 1.3167 swing low. On the […]

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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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