USDCAD Weekly Forex Forecast Archives - Advanced Forex Strategies

USDCAD Weekly Forex Forecast

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

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 mostRead More

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

USDCAD Weekly Forex Forecast – 13th to 17th Feb 2017

The USDCAD technical pattern remains in a bearish sequence. As long as we’re trading below the major trendline that connects the highs starting from the end of the last year the bearish case remains in place. First days of the new week can see USDCAD bouncing and retest the trendlineRead More

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

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

The USDCAD has broken below the 1.3030 last swing low, making lower lows which is a bearish structure. We got a very weak close above the big psychological number 1.3000 which is still below 1.3030. Early in the week we can expect a small bounce or further tight consolidation asRead More

USDCAD Weekly Forex Forecast - 30th Jan to 3rd Feb 2017

USDCAD Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

Both the fundamental and technical suggest that the line of least resistance for the USDCAD remains to the upside. Last week’s sell-off structure still looks corrective in nature and as long as we trade above 1.3030 and more importantly above the 1.3000 big psychological number the bullish case should prevail.Read More

USDCAD Weekly Forex Forecast - 23rd to 27th Jan 2017

USDCAD Weekly Forex Forecast – 23rd to 27th Jan 2017

  The USDCAD technical pattern continues to be bearish despite last week’s rally. Only a break above the big psychological number 1.3500 will invalidate the bearish case. While on the long-term USDCAD is in a bullish trend in the short-term we can still see some further consolidation. The stochastic indicatorRead More

USDCAD Weekly Forex Forecast - 16th to 20th Jan 2017

USDCAD Weekly Forex Forecast – 16th to 20th Jan 2017

The USDCAD technical pattern took a clear stance towards the bear case, however the fact that we couldn’t broke below the 1.3000 big psychological number can signal a change in the sentiment. Only a break and a close below 1.3000 can open the door for more downside and ultimately aRead More

USDCAD Weekly Forex Forecast - 9th to 13th Jan 2017

USDCAD Weekly Forex Forecast – 9th to 13th Jan 2017

The USDCAD has started to year on the wrong foot with a very strong sell-off. Usually, we can expect bearish weekly candles to be followed by new bearish candles especially when we have sustained momentum behind the move. In this regard we can expect USDCAD to make another attempt toRead More

USDCAD Weekly Forex Forecast - 2nd to 6th Jan 2017

USDCAD Weekly Forex Forecast – 2nd to 6th Jan 2017

The USDCAD technical pattern remains in a bullish sequence as last week breakout above 1.3588 has open up the door for more strength. The rally quickly faded off, as expected, and despite the fact that we have closed below the 1.3500 big psychological number this sell off lacks the momentumRead More

USDCAD Weekly Forex Forecast - 26th to 30th Dec 2016

USDCAD Weekly Forex Forecast – 26th to 30th Dec 2016

The USDCAD technical pattern remains in a bullish sequence but last week’s failure to make a decisive break towards new highs warns us that we should expect more range ahead. The low level of activity due to the Christmas holidays will be felt across the whole Forex spectrum. The weeklyRead More

USDCAD Weekly Forex Forecast - 19th to 23rd Dec 2016

USDCAD Weekly Forex Forecast – 19th to 23rd Dec 2016

  The USDCAD technical pattern remains inside a bullish sequence on the bigger time frame and last week’s rally is constructive for the bullish case, however the move was too fast and as the stochastic indicator suggest we can expect a pause in the trend. The trading volume in theRead More