Category: USDCAD

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USDCAD Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.3440, beginning of downtrend is expected.
We make sure when the support at 1.3180 breaks.
If the resistance at 1.3440 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI support #1 at 51 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 1.3445 on 12/06/2018, so more losses to support(s) 1.3265, 1.3225 and minimum to Major Support (1.3180) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 57.

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USDCAD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3180 would begin in Midterm.
Technical analysis:

While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 1.3180 on 11/22/2018, so more gains maximum to Trend Hunter Sell Zone (1.3265 to 1.3385) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.

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USDCAD Weekly Forex Forecast 24th November to 30th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3130 would begin in Midterm.
Technical analysis:

While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 1.3320 on 11/20/2018, so more losses to support(s) 1.3225 and minimum to Major Support (1.3130) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 57.

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USDCAD Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3130 would begin in Midterm.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 1.3265 on 11/14/2018, so more losses minimum to Major Support (1.3130) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.

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USDCAD Weekly Forex Forecast 10th November to 16th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3170 would begin in Midterm.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.3050 on 11/02/2018, so more gains to resistance(s) 1.3225 and maximum to Trend Hunter Sell Zone (1.3290 to 1.3385) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.

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USDCAD Weekly Forex Forecast 4th November to 10th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.3170 would begin in Midterm.
Technical analysis:

A peak is formed in daily chart at 1.3170 on 10/31/2018, so more losses to support(s) 1.3080, 1.3000, 1.2885 and more depths is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 55.

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USDCAD Weekly Forex Forecast 28th October to 3rd November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.3125 would begin in Midterm.
Technical analysis:

A peak is formed in daily chart at 1.3130 on 10/19/2018, so more losses to support(s) 1.3080, 1.3000, 1.2885 and more depths is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 58.

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USDCAD Weekly Forex Forecast 21st October to 27th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.3125 would begin in Midterm.
Technical analysis:

A trough is formed in daily chart at 1.2915 on 10/16/2018, so more gains maximum to Major Resistance (1.3125) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 58.

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USDCAD Weekly Forex Forecast 13th October to 19th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.3080 would begin in Midterm.
Technical analysis:

A trough is formed in daily chart at 1.2780 on 10/01/2018, so more gains maximum to Major Resistance (1.3080) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.

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USDCAD Weekly Forex Forecast 7th October to 13th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.3080 would begin in Midterm.
Technical analysis:

A trough is formed in daily chart at 1.2780 on 10/01/2018, so more gains to resistance(s) 1.3000 and maximum to Major Resistance (1.3080) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 47.