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Weekly forecast US Dollar / Canadian Dollar technical chart
Symbol USDCAD

Download MT4 template file

Trade Setup
#USDCAD
Total Profit: 730 pip
Closed trade(s): 730 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 11 SELL trade(s) @ 1.3376 (day close price) based on 'Peak' at 2019.06.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 1.3375 touched at 2019.06.19 with 1 pip Profit.
TP2 @ 1.3330 touched at 2019.06.19 with 46 pip Profit.
TP3 @ 1.3240 touched at 2019.06.20 with 136 pip Profit.
TP4 @ 1.3135 touched at 2019.06.26 with 241 pip Profit.
TP5 @ 1.3070 touched at 2019.06.28 with 306 pip Profit.
1 + 46 + 136 + 241 + 306 = 730 pip

6 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.3430 to 1.3525). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.3430)
    • Support on 03/10/2017
    • Support on 03/13/2017
    • Support on 03/14/2017
    • Resistance on 04/04/2017
    • Resistance on 04/06/2017
    • Resistance on 04/07/2017
    • Resistance on 04/10/2017
    • Support on 05/26/2017
    • Support on 05/29/2017
    • Support on 05/31/2017
    • Support on 06/06/2017
    • Support on 06/07/2017
    • Support on 06/09/2017
    • Resistance on 12/06/2018
    • Resistance on 12/11/2018
    • Resistance on 03/11/2019
    • Resistance on 03/22/2019
    • Resistance on 03/25/2019
    • Resistance on 03/27/2019
    • Resistance on 04/23/2019
    • Resistance on 05/21/2019
    • Support on 05/23/2019
    • Support on 05/24/2019
    • Support on 05/27/2019
    • Support on 05/28/2019
    • Support on 06/03/2019
    • Resistance on 06/06/2019
    • Resistance on 06/14/2019
    • Resistance on 06/18/2019
  • Ending of entry zone (1.3525)
    • Resistance on 11/17/2016
    • Resistance on 11/18/2016
    • Resistance on 11/21/2016
    • Resistance on 11/23/2016
    • Resistance on 11/24/2016
    • Resistance on 11/25/2016
    • Resistance on 11/28/2016
    • Resistance on 12/22/2016
    • Resistance on 12/26/2016
    • Resistance on 03/09/2017
    • Resistance on 03/10/2017
    • Resistance on 04/21/2017
    • Resistance on 04/24/2017
    • Support on 04/27/2017
    • Resistance on 05/24/2017
    • Resistance on 05/31/2017
    • Resistance on 06/01/2017
    • Resistance on 06/02/2017
    • Resistance on 06/07/2017
    • Resistance on 06/08/2017
    • Resistance on 06/09/2017
    • Resistance on 12/20/2018
    • Resistance on 04/24/2019
    • Resistance on 05/29/2019
    • Resistance on 05/30/2019
    • Resistance on 05/31/2019
    • Resistance on 06/03/2019
DateSeptember 7, 2019 - 21:51
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.30150 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 1.3380 on 09/03/2019, so more losses to support(s) 1.3135, 1.3070 and minimum to Major Support (1.3015) 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 40.

Take Profits:

  1. 1.3375
  2. 1.3330
  3. 1.3240
  4. 1.3135
  5. 1.3070
  6. 1.2915
  7. 1.2775
  8. 1.2525
  9. 1.2250
  10. 1.2060
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Canadian Dollar (USDCAD) Sun, 14 Apr 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 6 Apr 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 30 Mar 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 23 Mar 2024
US Dollar / Canadian Dollar (USDCAD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on USDCAD.