USDCAD Weekly Forex Forecast Archives - Advanced Forex Strategies

USDCAD Weekly Forex Forecast

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

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 ofRead More

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

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 followedRead More

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

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 levelRead More

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

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 trendRead More

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