USDCAD Weekly Forex Forecast 7th October to 13th 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 1.3080 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.

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