empty
 
 

16.04.202117:24 Analisis Forex & Kajian: USDCAD rejected at 1.2550-1.26, vulnerable to a move towards 1.23

USDCAD continues trading inside the downward sloping wedge pattern since August of 2020. Trend remains bearish as price continues making lower lows and lower highs. We warned in previous posts that in order for trend to change, price needed to move above 1.26-1.2650 level and out of the wedge pattern.

Exchange Rates 16.04.2021 analysis

Red line - upper wedge boundary

Blue line - lower wedge boundary

USDCAD made several attempts to push above 1.26 over the last two weeks but price got rejected. Price is now moving lower making new short-term lows confirming we are still in a bearish trend. Next downside target is at 1.23 as long as price is below the red upper boundary of the wedge pattern. As long as price is below 1.26-1.2570 we remain bearish. A break above 1.26 will be a bullish signal and one that provides a good risk reward ratio for bulls. Upside target is at 1.2718 at least if price breaks above 1.26.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Dapatkan manfaat daripada cadangan penganalisis sekarang
Menambah semula akaun dagangan
Buka akaun dagangan

Kajian analisis InstaForex akan membuat anda mengetahui sepenuhnya aliran pasaran! Sebagai pelanggan InstaForex, anda disediakan sejumlah besar perkhidmatan percuma untuk dagangan yang cekap.

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.