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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 (1.2665 to 1.2465). 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 (1.2665)
    • Support on 10/25/2017
    • Resistance on 10/23/2017
    • Resistance on 08/31/2017
    • Support on 08/14/2017
    • Support on 08/11/2017
    • Support on 08/10/2017
    • Support on 08/09/2017
    • Resistance on 08/04/2017
    • Support on 06/23/2016
    • Support on 06/10/2016
    • Support on 06/09/2016
    • Support on 06/08/2016
    • Support on 04/22/2016
    • Support on 04/19/2016
    • Resistance on 07/06/2015
    • Peak on 04/14/2015
    • Peak on 04/13/2015
    • Peak on 04/10/2015
    • Resistance on 04/10/2015
    • Resistance on 04/02/2015
    • Support on 03/12/2015
    • Support on 03/11/2015
    • Peak on 02/26/2015
    • Peak on 02/25/2015
    • Peak on 02/24/2015
    • Resistance on 02/24/2015
    • Resistance on 02/11/2015
    • Resistance on 02/03/2015
    • Resistance on 01/29/2015
    • Resistance on 04/01/2009
  • Ending of entry zone (1.2465)
    • Support on 10/19/2017
    • Support on 10/18/2017
    • Support on 10/16/2017
    • Support on 10/05/2017
    • Resistance on 09/29/2017
    • Support on 08/31/2017
    • Support on 08/29/2017
    • Support on 08/28/2017
    • Support on 08/25/2017
    • Support on 08/01/2017
    • Support on 05/03/2016
DateNovember 4, 2017 - 12:14
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 1.2915 on 10/27/2017, so more losses minimum to Trend Hunter Buy Zone (1.2665 to 1.2465) 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 60.

Take Profits:

  1. 1.2775
  2. 1.2910
  3. 1.3000
  4. 1.3185
  5. 1.3315
  6. 1.3535
  7. 1.3795
  8. 1.4000
  9. 1.4200
  10. 1.4690
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.