USDCAD Weekly Forex Forecast Archives - Advanced Forex Strategies

USDCAD Weekly Forex Forecast

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

USDCAD Weekly Forex Forecast - 12th to 16th Dec 2016

USDCAD Weekly Forex Forecast – 12th to 16th Dec 2016

The USDCAD technical pattern has turned bearish after two consecutive bearish weekly closes and it seems more likely to expect follow through to the downside. Even though we have a bearish sequence, the Stochastic indicator is in an oversold condition which signals a potential bounce early in the week andRead More

GBPUSD Weekly Forex Forecast - 5th to 9th Dec 2016

USDCAD Weekly Forex Forecast – 5th to 9th Dec 2016

The USDCAD has finally managed to turn to the down side but this move still looks corrective in nature as the bullish trend started since May 2016 looks incomplete. Last week low at 1.3254 should provide a good support for now, while to the upside we have 1.3400 as firstRead More

USDCAD Weekly Forex Forecast - 28th Nov to 2nd Dec 2016

USDCAD Weekly Forex Forecast – 28th Nov to 2nd Dec 2016

Previous USDCAD Weekly Forex Forecast   The USDCAD technical pattern remains constructive for more upside to be seen in the near to medium-term. The weekly close above the 1.3500 big psychological number is an encouragement for the bulls, but only a break and a close above the 1.3588 swing highRead More

USDCAD Weekly Forex Forecast - 21st to 25th Nov 2016

USDCAD Weekly Forex Forecast – 21st to 25th Nov 2016

Previous USDCAD Weekly Forex Forecast   The USDCAD continues to climb higher and higher alongside with the US Dollar which hit fresh 13-year high. The Canadian Dollar seems to be one of the major currencies that is going to lose more ground due to Trump winning the elections. The CanadianRead More

USDCAD Weekly Forex Forecast - 14th to 18th Nov 2016

USDCAD Weekly Forex Forecast – 14th to 18th Nov 2016

Previous USDCAD Weekly Forex Forecast The USDCAD exchange rate has a strong fundamental driver to continue to appreciate. The US presidential election has set the tone for the Canadian Dollar to depreciate in the medium-term as Trump’s protectionist policies will hurt the Canadian economy. The USDCAD has managed to closeRead More