empty
 
 
20.05.2014 05:23 AM
Technical analysis of USD/CAD for May 20, 2014

USD/CAD

The pair has been trading in a down trend from 1.1053 levels. It has support at 1.0814 (recent low). The "buying the dip" strategy is prefered on a positional basis for the next couple of days. On the down side, if the pair breaks the inital small support at 1.0850, it will fall to the previous low made on May 08 at 1.0814 levels. In case of a break below this, it will drift up to 1.0770 and 1.0652 levels. The RSI in the daily chart favors buying side.

This image is no longer relevant

The shorter-term trend reversal will take place only above 1.1053. The pair is unable to cross the descending trading pattern. On the down side, the gates are open for 1.0671, this view is valid until the pair trades below the 1.1053 levels. The RSI in the weekly chart favors selling the rise.

This image is no longer relevant

Intraday-

The pair is facing strong resistance zone between 1.0880 (50-hour SMA) at 1.0890 levels. If the pair is able to cross these resistance levels, then it can fly up to 1.0926 and 1.0952 levels. On the down side, it has support at 1.0870, 1.0859 and 1.0850 levels.

This image is no longer relevant
InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback