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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 – 9th to 13th July 2018

The USDCAD is getting close to retest the key support level 1.3065 which aligns perfectly with the 200-EMA giving confluence for a bounce. However, the big psychological number 1.3000 remains the level to watch and we can’t rule out the bears try to challenge the big round number again. Only a daily break and close […]

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USDCAD Monthly Forex Forecast for July 2018

The Canadian dollar is facing a dilemma because usually during the month of July, according to its seasonal pattern it tends to drop. However, after recent USDCAD rally, it might be the case we’re running out of steam to continue pushing higher. On the upside, the next big hurdle comes at the big psychological number […]

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USDCAD Weekly Forex Forecast – 2nd to 6th July 2018

The USDCAD gives back some of the previous gains but this is something naturally with the ebb and flow of the price. Now we have formed a double top at 1.3381 which remains the key resistance level coming into the new week of trading. Only a daily break and close above 1.3381 can open the […]

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USDCAD Weekly Forex Forecast – 25th to 29th June 2018

The USDCAD rally continued to extend breaking above multiple key resistance levels. In the short-term, we can see last week high being challenged again so a break above 1.3382 can’t be ruled out. We expect the breakout to fail around the 1.3400 level and we can even possibly see last week’s price range to be […]

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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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