.st0{fill:#FFFFFF;}

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

 April 28, 2018

By  Advanced Strategies

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 try again to break higher. The next significant level of support comes at 1.2688 which is a little too far away, but we can’t rule the possibility to get a deep retracement either.

The stochastic indicator is not yet in oversold territory, so we have time and space to pullback into the previous bullish run. On the upside, the previous week high 1.2900 can provide us a good resistance level, and only a daily close above can open the door for a possible retest of the big psychological number 1.3000. On Tuesday the BOC Governor is scheduled to speak about Canadian household debt at the Yellowknife Chamber of Commerce luncheon. The Canadian economic calendar will also bring the GDP figures for the previous month while Friday we have the big risk event NFP report, which based on the market consensus we should expect 190k new jobs added in April.

Previous USDCAD Weekly Forex Forecast

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

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today

Advanced Strategies


Your Signature

related posts:


GBP/USD Daily Price Forecast – 28th March 2024


GBP/NZD Daily Price Forecast – 27th March 2024


USD/JPY Daily Price Forecast – 26th March 2024

Leave a Reply:

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Advanced Forex Strategies