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

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


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 at intraday resistance level 1.2625 but more importantly we have the resistance level 1.2688.

The stochastic indicator is rapidly approaching the overbought territory which can support the idea of one more low to be in the cards. The Canadian economic calendar has big risk events scheduled for the upcoming week. On Wednesday the BOC is prepared to announce its interest rate decision and then later during the day the BOC Governor Poloz is expected to hold a press conference. Friday we have the CPI inflation figures which is forecasted to come steady at 1.5%. Another piece of risk event is the IMF meeting.

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

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

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.