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02.12.2020: Forex Analysis & Reviews: Daily Video Analysis: USDCAD facing bearish pressure, potential for further drop!
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Today we take a look at USDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price has been forming lower lows, and could possibly reverse off our first resistance level at 1.29497, which is in line with our 23.6% and 38.2% Fibonacci retracement levels, and drop further to our take profit levels. Price is also below the EMA (34) in line with our analysis.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Dean Leo,
Analytical expert of InstaForex
© 2007-2026
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