empty
 
 
28.05.2015 12:20 PM
Technical analysis of USD/CAD for May 28, 2015
This image is no longer relevant

Overview:

  • The USD/CAD pair has already formed a strong support at the level of 1.2351. The same level is coinciding with a ratio of 50% Fibonacci retracement levels. It should be noticed that minor support will be set at the level of 1.2453 around the 61.8% Fibonacci retracement levels in the H4 chart. The price of the USD/CAD pair has moved between 1.2450 and 1.2570. The price moved higher to 1.2490 and turned lower. So, we expect a range about 257 pips this week. Additionally, the RSI and moving average (75) are still calling for an uptrend. The market is going to indicate bullish opportunities at the levels of 1.2450 with the first target at 1.2510 and continuing towards 1.2590 in order to test resistance at 1.2598. On the other hand, if the price closes below 1.2450. The price will call for a bearish market to go further towards the double bottom at 1.2351 to test it again.
Summary
Urgency
Analytic
Mourad El Keddani
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