empty
 
 
24.08.2020 10:52 AM
USDCAD remains in bearish trend

In our last USDCAD analysis when price was at 1.3135 we expected a bounce towards 1.32-1.3230. Price did exactly that and got rejected at the resistance. Price is now back at recent lows and we continue to expect price to reach 1.30 which is our first target after breaking below 1.35.

This image is no longer relevant

Red lines - bearish medium-term channel

Blue lines- short-term bearish channel

Yellow rectangle -key resistance

USDCAD is still inside the short-term bearish channel. Our stop for our bearish position initiated back at 1.35 has now been lowered to the yellow rectangle area at 1.3350. If price makes new lows below 1.3130 we should lower our stop again to 1.3230.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback