USDCAD Weekly Forex Forecast 4th November to 10th November 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 1.3170 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.

Share This