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Weekly forecast US Dollar / Canadian Dollar technical chart
Symbol USDCAD
Trade Setup

#USDCAD
Total Profit: 479 pip
Closed trade(s): 92 pip Profit
Open trade(s): 387 pip Profit

Trade Setup:
We opened 10 BUY trades @ 1.36316 based on 'Valley' entry method at 2026-03-12, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 1.37236 touched at 2026-03-13 with 92 pip Profit.

Open Profit:
Profit for one BUY trade is 1.36752(current price) - 1.36316(open price) = 43 pip
9 trade(s) still open, therefore total profit for open trade(s) is 43 x 9 = 387 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.

DateMarch 16, 2026 - 17:10
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.34185, beginning of uptrend is expected.
  • We make sure when the resistance at 1.38031 breaks.
  • If the support at 1.34185 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.34810 on 01/30/2026, so more gains to resistance(s) 1.37236 and maximum to Major Resistance (1.38031) 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 53.

Take Profits:

  1. 1.37236
  2. 1.38031
  3. 1.39280
  4. 1.40155
  5. 1.41395
  6. 1.42717
  7. 1.44138
  8. 1.45420
  9. 1.47925
Click on the level to view price action history.