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Weekly forecast US Dollar / Canadian Dollar technical chart
Symbol USDCAD

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Trading suggestion:

Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens.

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

  • Beginning of entry zone (1.2080)
    • Support on 09/08/2017
    • Support on 09/12/2017
    • Support on 05/10/2021
    • Support on 05/11/2021
    • Support on 05/12/2021
    • Support on 05/14/2021
    • Resistance on 06/02/2021
    • Resistance on 06/07/2021
    • Support on 06/10/2021
  • Ending of entry zone (1.2010)
    • Resistance on 01/14/2015
    • Resistance on 01/16/2015
    • Support on 04/28/2015
    • Support on 04/29/2015
    • Support on 04/30/2015
    • Support on 05/05/2015
    • Support on 05/06/2015
    • Support on 05/12/2015
    • Trough on 05/18/2021
    • Support on 05/18/2021
    • Support on 06/01/2021

DateJune 13, 2021 - 10:32
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 1.1920 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.2010 on 05/18/2021, so more gains to resistance(s) 1.2200, 1.2365, 1.2470 and more heights 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 52.

Take Profits:

  1. 1.2200
  2. 1.2365
  3. 1.2470
  4. 1.2650
  5. 1.2885
  6. 1.3420
  7. 1.3710
  8. 1.4050
  9. 1.4665
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Canadian Dollar (USDCAD) Sat, 31 Jul 2021
US Dollar / Canadian Dollar (USDCAD) Fri, 23 Jul 2021
US Dollar / Canadian Dollar (USDCAD) free Sat, 17 Jul 2021
US Dollar / Canadian Dollar (USDCAD) Sat, 10 Jul 2021
US Dollar / Canadian Dollar (USDCAD) Sat, 3 Jul 2021