Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

USDCAD has fallen from 1.33 towards 1.32 as we initially expected in our analysis back in February 11th. Price has so far pulled back as low as 1.3225 back testing the resistance trend line that was broken. In the 4 hour chart we now observe a bullish divergence warning sign in the RSI.

Exchange Rates 17.02.2020 analysis

Red line -resistance (broken)

Blue lines - bullish divergence

USDCAD is showing bullish divergence signs. This is a warning for bears that the downward move from 1.3330 might soon end. Resistance is at 1.3268 and support at 1.3215. Short-term trend remains bearish and there is no sign of a reversal yet. The RSI has not entered oversold levels yet. We were bearish at 1.33 and I prefer to be neutral or bullish at current levels as there is potential of another leg higher from around 1.32.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Alexandros Yfantis,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.