13.07.202005:45 فاریکس تجزیاتی مطالعہ: USDCAD reversing off 1st resistance, more downside!

Trading Recommendation

Entry: 1.3585

Reason for Entry: Horizontal overlap resistance

Take Profit :1.3548

Reason for Take Profit: 61.8 fib extension 61.8 fib retracement

Stop Loss:1.3628

Reason for Stop loss: Horizontal swing high resistance

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021

اس مصنف کی طرف سے مزید مضامین

لسٹ کی طرف واپسی

مصنف سے دریافت کریں

E-mail subscription

Benefit from analysts’ recommendations right now

Top up trading account

Open trading account

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.

USDCAD reversed from Pivot point. Potential for drop!

Price has reversed from pivot at 1.27146, where we see a medium-probability bearish scenario for a drop beneath the pivot towards 1st support at 1.27146 as a possible target. Otherwise, should price fail to hold under our pivot, we could see price swing the other way towards our 1st resistance at.

EURCAD is approaching ascending trendline support, potential for a bounce!

Price is facing bullish pressure from our ascending trendline support and Ichimoku cloud, in line with our bullish bias. Price could potentially bounce at our 1st support at 1.54163, which is in line with our 61.8% Fibonacci retracement and 61.8% Fibonacci extension, towards our 1st resistance at.

USDJPY is facing bearish pressure, potential for more downside.

Price is facing bearish pressure as it is now trending below the EMA(21), in line with our bearish bias. A drop from our pivot at 103.691 towards 1st support at 103.277 could be possible. Failing to edge below the pivot would see price swing towards 1st resistance where graphical swing high.