empty
 
 
22.04.2022 03:41 PM
USD/CAD targeting new highs

This image is no longer relevant

USD/CAD Upside Breakout!

The USD/CAD pair registered a strong upwards movement after failing to reach and retest the 1.2430 lower low. Now, it's located at the 1.2681 level and it seems determined to resume its growth.

As you can see on the H4 chart, it has ignored the downtrend line and the 1.2665 level which represented upside obsatcles. Breaking above these levels signaled strong buyers and potential upside continuation.

USD/CAD Trading Conclusion!

Stabilizing above 1.2665 could signal further growth. Jumping above the downtrend line signaled that the downside movement ended and that the pair could develop an upwards movement.

A minor sideways movement above the 1.2665 could bring new buying opportunities.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ralph Shedler
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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