USDCAD Weekly Forex Forecast – 19th to 23rd Feb 2018

The USDCAD has broken for a brief period of time below the big round number 1.2500 but we managed to regain that level and close above it on a weekly basis. However the broad base dollar weakness may suggest that we shouldn’t but too much weight on the bull side. A break and a daily close below 1.2500 will validate the bearish view and we could see last week low 1.2460 challenged again. A break below 1.2460 will open the door for a retest of our next important support level 1.2350. On the upside, the 1.2550 is an important resistance level and any rally above it should fade away unless we post a daily close above it. The stochastic indicator is in neutral territory and doesn’t say much about the state of the market. Monday, we have the Family day holiday in Canada so expect low trading activity on this pair. The only notable risk event is Friday’s CPI inflation figures and Wednesday’s FOMC minutes. Previous USDCAD Weekly Forex Forecast

USDCAD Weekly Forex Forecast - 19th to 23rd Feb 2018


Tags


You may also like

CAD/CHF Daily Price Forecast – 12th December 2025

CAD/CHF Daily Price Forecast – 12th December 2025 If you like our trade signals, join us on our PREMIUM TELEGRAM CHANNEL. 117% ROI in ONLY 10 days. Join our Facebook Group to learn more.         Trade Summary: CADCHFBuy Stop @ 0.57778TP @ 0.58045SL @ 0.57534 ________________________ CAD/CHF Daily Price Forecast – 12th

Read More

AUD/CAD Daily Price Forecast – 9th December 2025

AUD/CAD Daily Price Forecast – 9th December 2025 If you like our trade signals, join us on our PREMIUM TELEGRAM CHANNEL. 117% ROI in ONLY 10 days. Join our Facebook Group to learn more.         Trade Summary: AUDCADSell Stop @ 0.91848TP @ 0.91710SL @ 0.92054 ________________________ AUD/CAD Daily Price Forecast – 9th

Read More

Direct Your Visitors to a Clear Action at the Bottom of the Page