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

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.

Share This