empty
 
 
03.08.2015 08:10 AM
Technical analysis of USD/CAD for August 03, 2015

USD/CAD

Friday's weak US data failed to change the structural bullish market. Lower oil prices influence the CAD pushing it to the lower levels.

IMPACT ON USD:

Compensation costs for civilian workers was little changed at 0.2 percent, seasonally adjusted, for the 3-month period ending June 2015, as the US Bureau of Labor Statistics reported Friday.

Traders eye US ISM manufacturing today.

In May 2015, this pair started moving higher. It closed 5% higher in July. The pair managed to close above 1.3063.

Before further move up, we expect the price to correct a bit. The nearest resistance is seen at 1.3180. A daily close above 1.3180 will enable bulls to charge towards 1.3260 and 1.3320 in the extreme case. Monthly resistance is seen at 1.3180 and 1.3380. In all time frame, intervals oscillators are overbought.

Review: we forecasted on Friday: " Today's spike is likely to hit 1.3100 or even 1.3120" an the pair reached a high of 1.3097.

The pair is expected to hit 1.3150 or 1.3170 today.

Sell below 1.3060. Overbought indicators favor selling at higher levels.

This image is no longer relevant

Ringkasan
Segera
Analitic
InstaForex Analyst
Mulakan perdagangan
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $6000 lebih lagi!
    Dalam Diseember kami membuat cabutan bertuah $6000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

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