FOREX ANALYSIS BY MARIUS GHISEA (AUGUST 10-14)

USD/CAD FORECAST

According to the daily chart, USD/CAD will be in downtrend. If the price falls under EMA 14, this will be a confirmation for downtrend. The MACD also indicates a downturn for this pair in the long term. A target can be 1.25.USDCADdaily-page-001

At this moment, price is stuck in a tight range, according to the 8 hour chart. The USD/CAD currency pair can break out of the range and fall under 1.3040. The MACD on 8 hour chart indicates also this downtrend.

USDCAD 8 h-page-001

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