CAD/USD Wednesday Forecast

Wednesday Forecast (October 26, 2022)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 0.7408, which will be followed by reaching resistance level 0.7560.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 0.7323, which will be followed by moving down to support level 0.7323 and if it keeps on moving down below that level, we may expect the market to reach support level 0.7224.

Weekly Forecast (October 24 – 28, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 0,7325, which will be followed by moving up to resistance level 0,7408 and if it keeps on moving up above that level, we may expect the market to reach resistance level 0.7560.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 0.7325, which will be followed by moving down to support level 0.7156 and if it keeps on moving down below that level, we may expect the market to reach support level 0.7012.

previous week forecast

Monthly Forecast, October 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 0,7560, which will be followed by moving up to resistance level 0,7723 and if it keeps on moving up above that level, we may expect the market to reach resistance level 0,8025.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 0,7224, which will be followed by reaching support level 0,7012 and 0,6809.

previous month forecast

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