empty
21.05.2025 05:07 AM
Forecast for USD/CAD on May 21, 2025

The USD/CAD pair has gradually declined for five consecutive days, remaining below the daily balance indicator line. A move below the support level of 1.3898 would accelerate the decline toward the first support at 1.3746. Just below that lies the price channel line at 1.3707.

This image is no longer relevant

Additionally, the Marlin oscillator may soon enter negative territory. This would support the bears and help the price consolidate below 1.3707.

This image is no longer relevant

On the H4 chart, the price is accelerating its decline below the indicator lines and now appears to be attempting to break through the support level on momentum. A consolidation below this level would fully open the path toward 1.3746.

Laurie Bailey,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.