empty
 
 
08.08.2014 12:24 PM
Technical analysis of USD/CAD for August 8, 2014
This image is no longer relevant

Overview:

  • As expected, the support has broken and turned to resistance at the same key level (1.0950). So, resistance of the USD/CAD pair has already set at the price of 1.0950 and the double top is placed at the price of 1.0959. Equally important, the price set below the resistance level a week ago. Furthermore, the price is moving between 1.0950 and 1.0895. Therefore, the USD/CAD pair started showing the signs of the bearish market. Hence, the market indicates the bearish opportunity at the level of 1.0950 with the first target of 1.0910, and continues towards the level of 1.0885 again. It should be noted that the price of 1.0885 coincides with the ratio of 78.6% Fibonacci retracement levels.
This image is no longer relevant
  • On the other hand, the stop loss should always be taken into account, for this reason it will be wise to set your stop loss at the 1.0980 price. Also, it should be noted that the level of 1.0980 represents the last swing of the USD/CAD pair in H1 and H4 charts. Consequently, the pair is going to form the second resistance at the 1.0980 price in coming hours.
Ringkasan
Urgensi
Analitik
Mourad El Keddani
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback