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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 – 10th to 14th Oct 2016

The technical break and the weekly close above the 1.3250 key resistance has open up the door for a retest of the big round number 1.3500 in the coming week. We should expect pullbacks to be shallow until we reach our target. To the downside, we have the 1.3254 previous resistance now turning support which […]

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USDCAD Weekly Forex Forecast – 3rd to 7th Oct 2016

The unwillingness to break on either side of the market makes USD/CAD trapped in a very complicated range. The USD/CAD wide range can be defined between 1.3280 major resistance level and 1.3000 big psychological number. As long as we remain inside this concise range anything can happen. We’re having some conflicting signals because, on the […]

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USDCAD Weekly Forex Forecast – 24th to 30th Sept 2016

The USD/CAD technical pattern looks quite volatile in the shorter cycles; however, based on the daily charts we can define a very clear price range in which the USD/CAD has been contained over the last few months. In the short term cycle, the 1.3000 psychological number has proven once again as a strong support and […]

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

The USD/CAD has managed to break above the 1.3150 key resistance level which encourages for more bullish momentum. The Stochastic indicator is also making higher highs in momentum which is supporting our case for a bullish run. Now, the 1.3150 previously resistance level has turned in new support level that should see a retest earlier […]

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

The USD/CAD technical pattern is indecisive as neither the bulls nor the bears have the control while we’re trading inside this very wide range between 1.3200 major resistance and 1.2630 swing low. The big psychological number 1.3000 is the critical level within the range and can act as both support and resistance at the same […]

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

The USD/CAD technical pattern is indecisive as neither the bulls nor the bears have the control while we’re trading inside this very wide range between 1.3200 major resistance and 1.2630 swing low. The big psychological number 1.3000 is the critical level within the range and can act as both support and resistance at the same […]

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USDCAD Weekly Forex Forecast 29th Aug to 2nd Sept 2016

Technically speaking, even though USD/CAD had a marginal weekly close above the big psychological number 1.3000 this is a very weak close. However, we can still see, in the beginning of the week, an attempt to break higher towards the next minor resistance area at 1.3075 which should quickly fade away. This last push higher, […]

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USDCAD Weekly Forex Forecast – 15th Aug to 19th Aug 2016

USDCAD is trading softer again as the bearish momentum quickly accelerates to the downside, a move partial motivated by stronger Oil prices. There is a strong inverse correlation between USD/CAD and Crude Oil price and the two weeks rally in the energy sector that has sent Oil near the big figure $50/barrel has prompted renewed […]

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