empty
 
 
09.10.2015 02:47 PM
Technical analysis of USD/CAD for October 9, 2015
This image is no longer relevant

Overview:

  • The ssupport was broken turning to resistance located at the same key level (1.3144). Also, it should be noted that the level of 1.3144 is coinciding with a ratio of 38.2% Fibonacci retracement levels. So, the USD/CAD pair has already faced resistance at the level of 1.3144 and the double top was formed at the same level. Equally important, the price has been trapping below the resistance level since yesterday. Furthermore, the price is moving between 1.3144 and 1.2950. Therefore, the USD/CAD pair started showing the signs of a bearish market. Hence, the market indicates the bearish opportunity at the level of 1.3068/1.3144 with the first target at 1.2950, and continues towards the level of 1.3012 again. It should be noted that the level of 1.2951 coincides with a ratio of 00% Fibonacci retracement levels. On the other hand, the stop loss should always be taken into account, for this reason it will be wise to set your stop loss at the 1.3168 price. Also, it should be noted that the level of 1.2980 represents the last swing of the USD/CAD pair in the H1 and H4 charts. Consequently, the pair is going to face the second resistance at the level 1.2906 in coming hours.
This image is no longer relevant
Summary
Urgency
Analytic
Mourad El Keddani
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback