website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast US Dollar / Canadian Dollar technical chart
Symbol USDCAD
Trade Setup

#USDCAD
Total Profit: 4737 pip
Closed trade(s): 1297 pip Profit
Open trade(s): 3440 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.2154 (day close price) based on 'Peak' at 2021.06.11 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 1.2199 touched at 2021.06.15 with 45 pip Profit.
TP2 @ 1.2359 touched at 2021.06.17 with 205 pip Profit.
TP3 @ 1.2470 touched at 2021.06.18 with 316 pip Profit.
TP4 @ 1.2885 touched at 2021.08.20 with 731 pip Profit.
45 + 205 + 316 + 731 = 1297 pip

Open Profit:
Profit for one trade is 1.2842(current price) - 1.2154(open price) = 688 pip
5 trade(s) still open, therefore total profit for open trade(s) is 688 x 5 = 3440 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.22840 is broken, we will close open trades.

DateDecember 5, 2021 - 01:54
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.22840, resumption of uptrend is expected.
  • We make sure when the resistance at 1.29470 breaks.
  • If the support at 1.22840 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.22840 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 1.2492 on 11/16/2021, so more gains to resistance(s) 1.2885 and maximum to Major Resistance (1.2947) 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 71.

Take Profits:

  1. 1.2199
  2. 1.2359
  3. 1.2470
  4. 1.2885
  5. 1.3420
  6. 1.3710
  7. 1.4050
  8. 1.4660
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Canadian Dollar (USDCAD) Sat, 23 Mar 2024
US Dollar / Canadian Dollar (USDCAD) free Sun, 17 Mar 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 9 Mar 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 2 Mar 2024
US Dollar / Canadian Dollar (USDCAD) Sun, 25 Feb 2024