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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 – 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 Canadian economy looks to be hit […]

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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 close above the psychological figure 1.3500 […]

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USDCAD Weekly Forex Forecast – 7th to 11th Nov 2016

If you would like to refer to previous weeks analysis, click here for past USDCAD weekly analsysis. The USDCAD technical pattern looks like it’s losing the bullish momentum as rallies are quickly sold into and the magnitude of those rallies are getting smaller and smaller. The inability to even retest the big psychological number 1.3500 and […]

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USDCAD Weekly Forex Forecast – 31st Oct to 4th Nov 2016

The USDCAD bullish pattern remains constructive, however, we should remain cautious of possible erratic sell-offs that can quickly fade. On the technical side, we have the 1.3300 pivot point and below the 1.3250 support level. To the upside there isn’t any resistance until we hit the big psychological figure 1.3500 from where ideally we can […]

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USDCAD Weekly Forex Forecast – 24th to 28th Oct 2016

Last week bounce from the big psychological number 1.3000 and more importantly challenging again the 1.3300 resistance level has open up the door for the USDCAD to retest the big round number 1.3500. The weekly close above 1.3300 is constructive for our bullish case, however early in the week we can see a retest of […]

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USDCAD Weekly Forex Forecast – 17th to 21st Oct 2016

The USDCAD technical pattern looks quite complicated as we’re moving in a range market inside a wide consolidation zone. In the short-term last week sell-off has open the door for a retest of the 1.3000 big psychological figure from where we can expect a bounce. The first intraday support level comes near the 200 EMA […]

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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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