USDCAD Weekly Forex Forecast - 15th to 19th Oct 2018

USDCAD Weekly Forex Forecast – 15th to 19th Oct 2018

USDCAD Weekly Forex Forecast - 15th to 19th Oct 2018

USDCAD Weekly Forex Forecast – 15th to 19th Oct 2018

The USDCAD has managed to gain control above the key psychological number 1.3000 posting a weekly close above it. We need to break above 1.3081 intraday swings high in order to suggest that the bulls are really in control. A daily break and close above 1.3081 will put again in the spotlight the key resistance level 1.3230 from where we can expect a pause. The stochastic indicator doesn’t show any extreme overbought or oversold readings which indicate that the probabilities are in favor of more ranging activity.

On the downside, we really need a very strong daily break and close below 1.3000 to suggest a shift in the market sentiment. This will also open the door for a possible retest of the 1.2890 support level. We have few notable risk events scheduled on the Canadian economic calendar. First, we have the BOC business survey scheduled on Monday, but Friday is the main risk event in the form of the CPI inflation figures.

Thank you for your readership. We are truly grateful!

Hope that you like the strategies that we share.
If you like the strategies here, you will absolutely
love our latest strategy...

The MorningPips Trading System

The aim of Morningpips is to finish trading by the morning.
Simple as that... Check it out!


Previous USDCAD Weekly Forex Forecast

Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

XM Broker


We use both of these brokers and proudly promote them!

Other Analysis Today
Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments

The AllPips Trend Indicator

Trading is simple when the Trend is Your Friend.
Enter Your Details Below to Download FREE Now.