Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Long-term review

The USD/CAD has broken above the short-term bearish channel and has given initial reversal signals for a trend. This reversal can be of a large-degree reversal that could push the price back towards 1.40.

Exchange Rates 15.03.2016 analysis

Blue lines - bearish channel

The USD/CAD pair has broken above the bearish channel and is now testing the Kumo (cloud) resistance at 1.34. A breakout above the cloud will confirm the short-term trend reversal and can push the price towards 1.40. Short-term support is found at 1.3279, while short-term resistance is seen at 1.3360.

Exchange Rates 15.03.2016 analysis

Black line- long-term support trend line

Looking at the weekly USD/CAD chart, we can observe how the price has reached the important long-term support trend line. At the same time, the stochastic oscillator has reached the oversold levels. At 1.3165, we could see an important multi-week low as the price has reversed. Important weekly resistance is seen in the area of 1.37-1.40. Breaking above this area will open the way towards new highs.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Alexandros Yfantis,
Analytical expert
InstaForex Group © 2007-2019
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

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.