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Weekly forecast US Dollar / Canadian Dollar technical chart
Symbol USDCAD

Download MT4 template file

Trade Setup

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.3535 to 1.3795). 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 (1.3535)
    • Resistance on 06/09/2017
    • Resistance on 06/07/2017
    • Resistance on 06/02/2017
    • Resistance on 06/01/2017
    • Resistance on 05/24/2017
    • Support on 04/27/2017
    • Support on 04/26/2017
    • Resistance on 04/21/2017
    • Peak on 03/09/2017
    • Resistance on 03/09/2017
    • Resistance on 12/26/2016
    • Peak on 11/28/2016
    • Resistance on 11/28/2016
    • Resistance on 11/25/2016
    • Resistance on 11/24/2016
    • Resistance on 11/18/2016
    • Resistance on 11/17/2016
    • Resistance on 11/09/2016
  • Ending of entry zone (1.3795)
    • Peak on 05/05/2017
    • Resistance on 05/05/2017
    • Resistance on 02/24/2016
    • Resistance on 02/23/2016
    • Resistance on 02/22/2016
    • Support on 02/16/2016
    • Support on 02/15/2016
    • Support on 02/12/2016
    • Support on 02/09/2016
DateSeptember 16, 2017 - 21:54
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 1.2060 on 09/08/2017, so more gains to resistance(s) 1.2465, 1.2665, 1.2835 and maximum to Trend Hunter Sell Zone (1.3535 to 1.3795) 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 36.

Take Profits:

  1. 1.3440
  2. 1.3315
  3. 1.3185
  4. 1.3000
  5. 1.2835
  6. 1.2665
  7. 1.2465
  8. 1.2125
  9. 1.1920
  10. 1.1425
  11. 1.0650
  12. 0.9405
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.