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Weekly forecast US Dollar / Canadian Dollar technical chart
Symbol USDCAD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 25, 2023 - 12:18
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.35223, resumption of uptrend is expected.
  • We make sure when the resistance at 1.39789 breaks.
  • If the support at 1.35223 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A peak is formed in daily chart at 1.38610 on 03/10/2023, so more losses to support(s) 1.36634 and minimum to Major Support (1.35223) 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 59.

Supports and Resistances:

  1. 1.46600
  2. 1.40500
  3. 1.36634
  4. 1.29158
  5. 1.28183
  6. 1.27277
  7. 1.24700
  8. 1.23010
  9. 1.22000
  10. 1.20060
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