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Weekly forecast US Dollar / Canadian Dollar technical chart
Symbol USDCAD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2660 to 1.2590). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.2660)
    • Resistance on 01/29/2015
    • Resistance on 02/03/2015
    • Resistance on 02/11/2015
    • Resistance on 02/12/2015
    • Resistance on 02/24/2015
    • Support on 03/11/2015
    • Support on 03/12/2015
    • Resistance on 04/02/2015
    • Resistance on 04/10/2015
    • Resistance on 07/06/2015
    • Support on 04/19/2016
    • Support on 04/22/2016
    • Support on 06/08/2016
    • Support on 06/09/2016
    • Support on 06/10/2016
    • Resistance on 08/04/2017
    • Support on 08/11/2017
    • Support on 08/14/2017
    • Resistance on 08/31/2017
    • Resistance on 10/23/2017
    • Support on 10/25/2017
    • Support on 11/09/2017
    • Support on 11/10/2017
    • Support on 12/04/2017
    • Support on 12/05/2017
    • Support on 12/06/2017
    • Resistance on 12/28/2017
    • Resistance on 02/09/2018
    • Support on 02/27/2018
    • Resistance on 04/18/2018
    • Support on 04/20/2018
    • Support on 01/04/2021
    • Support on 01/05/2021
    • Support on 01/06/2021
    • Support on 01/07/2021
    • Support on 01/08/2021
    • Support on 02/10/2021
    • Support on 02/11/2021
  • Ending of entry zone (1.2590)
    • Resistance on 02/03/2015
    • Resistance on 02/04/2015
    • Resistance on 02/05/2015
    • Resistance on 02/10/2015
    • Resistance on 02/23/2015
    • Resistance on 02/24/2015
    • Support on 03/10/2015
    • Support on 03/30/2015
    • Support on 04/01/2015
    • Resistance on 04/09/2015
    • Resistance on 04/10/2015
    • Resistance on 07/01/2015
    • Resistance on 07/02/2015
    • Resistance on 07/03/2015
    • Support on 07/06/2015
    • Support on 04/20/2016
    • Support on 04/26/2016
    • Support on 04/27/2016
    • Support on 07/18/2017
    • Support on 07/19/2017
    • Resistance on 07/21/2017
    • Resistance on 08/02/2017
    • Resistance on 08/03/2017
    • Support on 08/17/2017
    • Resistance on 10/05/2017
    • Resistance on 10/06/2017
    • Resistance on 10/17/2017
    • Resistance on 01/10/2018
    • Resistance on 01/11/2018
    • Resistance on 02/12/2018
    • Resistance on 02/19/2018
    • Support on 04/10/2018
    • Support on 04/19/2018
    • Support on 01/21/2021
DateFebruary 13, 2021 - 21:49
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.25900, beginning of uptrend is expected.
  • We make sure when the resistance at 1.29550 breaks.
  • If the support at 1.25900 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.2885 on 01/28/2021, so more losses to support(s) 1.2660 and minimum to Major Support (1.2590) 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 45.

Take Profits:

  1. 1.2830
  2. 1.2955
  3. 1.3100
  4. 1.3420
  5. 1.3645
  6. 1.3850
  7. 1.4665
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.