USDCAD Weekly Forex Forecast Archives - Advanced Forex Strategies

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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 – 18th to 22nd June 2018

The USDCAD has broken to new yearly highs after it successfully broke above the previous swing high 1.3124. This is a clear bullish sign, but the market needs to take its breath after the recent explosive rally. The next major resistance level comes at 1.3250 were the USDCAD can find some sellers. Only a daily […]

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USDCAD Weekly Forex Forecast – 11th to 15th June 2018

The USDCAD continues to trade inside a very frustrating and a trading range that gets more narrowed by the day. This contraction in price suggests that sooner rather than later we should see trend expansion, but we need to wait for confirmation and a clear breakout to assert the direction of the break. The weekly […]

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USDCAD Monthly Forex Forecast for June 2018

The Canadian dollar has entered into a period of ranging activity with no clear direction. We can expect lots of false breakouts during this type of environment. As long as we trade below the big psychological number 1.3000 but more importantly below the swing high 1.3125 we can expect more consolidation in the weeks ahead. […]

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USDCAD Weekly Forex Forecast – 4th to 8th June 2018

The USDCAD couldn’t break above the big psychological number 1.3000 which is the line in the sand between the bulls and the bears. The weekly closing price below 1.3000 is bearish for the USD/CAD and the fact that we close almost unchanged for the previous week suggest that we can see at least some type […]

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USDCAD Weekly Forex Forecast – 28th May to 1st June 2018

The USDCAD continues to trade below the big psychological number 1.3000 and the weekly close below suggest that the bears can have another shoot next week. However, we can’t rule out a short lived rally above the 1.3000 before the bears show up. On the downside, the first level of intraday support comes at 1.2920, […]

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USDCAD Weekly Forex Forecast – 21st to 25th May 2018

The USDCAD has entered back inside the previous trading range. The 1.2920 continues to cap the upside, but the line in the sand remains the big psychological number 1.3000. As long as we trade below 1.3000 the downside should prevail, but first we need to wait and see how the next attempt to break above […]

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USDCAD Weekly Forex Forecast – 14th to 18th May 2018

The USDCAD was unable to break above the big round number 1.3000 and sold off quite substantially establishing a swing high in the process. We’re currently stalling at support level 1.2745 and as long as we trade above this level, we should expect last week sell off to be corrected. A break and a daily […]

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USDCAD Weekly Forex Forecast – 7th to 11th May 2018

The USDCAD seems trapped in a very narrow trading range between 1.2920 resistance level and support level 1.2815. We can expect first a false breakout one way or the other before some real trend development to be seen in the other direction of the breakout. However the most probable trading scenario for the time being […]

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USDCAD Monthly Forex Forecast for May 2018

The broad based dollar strength that we experienced during the last days of April has helped the USDCAD to recover as well. The USDCAD has started to rally from near the big psychological number 1.2500 which signals institutional buying power. However, we’re still trading within a wide trading range and in order for a bullish […]

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USDCAD Weekly Forex Forecast – 30th April to 4th May 2018

The USDCAD has recovered some of the previous losses and it’s now trading back above the 200-day moving average. Currently Loonie is trading very close to our first level of support near the round number 1.2800. There is a change to break below support 1.2800 and fill in the previous week’s trading range before to […]

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