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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 – 14th to 18th May 2018

The USDCAD was unable to break above the big round number 1.3000 and sold off quite substantially establishing a swing high in the process. We’re currently stalling at support level 1.2745 and as long as we trade above this level, we should expect last week sell off to be corrected. A break and a daily […]

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USDCAD Weekly Forex Forecast – 7th to 11th May 2018

The USDCAD seems trapped in a very narrow trading range between 1.2920 resistance level and support level 1.2815. We can expect first a false breakout one way or the other before some real trend development to be seen in the other direction of the breakout. However the most probable trading scenario for the time being […]

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USDCAD Monthly Forex Forecast for May 2018

The broad based dollar strength that we experienced during the last days of April has helped the USDCAD to recover as well. The USDCAD has started to rally from near the big psychological number 1.2500 which signals institutional buying power. However, we’re still trading within a wide trading range and in order for a bullish […]

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USDCAD Weekly Forex Forecast – 30th April to 4th May 2018

The USDCAD has recovered some of the previous losses and it’s now trading back above the 200-day moving average. Currently Loonie is trading very close to our first level of support near the round number 1.2800. There is a change to break below support 1.2800 and fill in the previous week’s trading range before to […]

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USDCAD Weekly Forex Forecast – 23rd to 27th April 2018

The USDCAD rallied strongly last week and it threatens the current bearish trend. However, as long as we trade and stay below the 1.2800 round numbers on a daily closing basis the bearish trend can still be intact. But a break and a daily close above 1.2800 will open the door for a retest of […]

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USDCAD Weekly Forex Forecast – 16th to 20th April 2018

The USDCAD is holding above the big psychological number 1.2500 and as long as we’re trading above this figure we can see an actual reversal. However, there is still a danger that current intraday support level 1.2570 can be broken to challenge the big figure 1.2500. On the upside, the first area of interest comes […]

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USDCAD Weekly Forex Forecast – 9th to 13th April 2018

The USDCAD technical pattern suggests that the Canadian dollar might be poised for more strength in the near future after the USD/CAD successfully managed to break below key support level 1.2800. However, a daily break and close above 1.2800 can easily negate the bullish case and put the bulls in the money again. In this […]

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USDCAD Monthly Forex Forecast for April 2018

The USDCAD is trading above the yearly opening price and has made a new higher high which makes the case for a strong bullish trend. However, in order for the bulls to take control of this market we really need a break and a daily close above the big psychological number 1.3000. As long as […]

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

The USDCAD trading range got even tighter as we finished previous trading week almost where we started it. The support level 1.2800 continues to hold the downside for the time being which can give us hopes we can see another attempt to challenge the big psychological number 1.3000. We believe that any attempts to break […]

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USDCAD Weekly Forex Forecast – 26th to 30th Mar 2018

The USDCAD has taken a strong dip below the big psychological number 1.3000. Last week sell off hasn’t altered the bullish trend started since the beginning of the year. We’re still trading inside the previous consolidation zone with 1.2800 being the line in the sand. Only a daily break and close below 1.2800 can place […]

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