USDCAD 1.2968 – bearish – The 1.3080/1.3175 resistance zone caps near term
USDCAD sold off sharply from the 1.3456 multi-year high (September 29, 2015) to 1.2900 (October 8/12, 2015 lows) near the 100 day moving average before ranging. While the 1.3080/1.3175 resistance zone caps near term, scope remains for further weakness towards 1.2860 (July 29, 2015 higher low) near 5-month rising trendline (from May 13, 20115 low). Below there would risk 1.2804 (July 14, 2015 high) near 50% of the 1.2127/1.3456 rise. However, a clean break above the 1.3175 area would suggest basing and resume the long-term uptrend towards 1.3331 (October 1, 2015 high).
Intraday: bearish
Daily: bearish
Weekly: neutral
USDCAD sold off sharply from the 1.3456 multi-year high (September 29, 2015) to 1.2900 (October 8/12, 2015 lows) near the 100 day moving average before ranging. While the 1.3080/1.3175 resistance zone caps near term, scope remains for further weakness towards 1.2860 (July 29, 2015 higher low) near 5-month rising trendline (from May 13, 20115 low). Below there would risk 1.2804 (July 14, 2015 high) near 50% of the 1.2127/1.3456 rise. However, a clean break above the 1.3175 area would suggest basing and resume the long-term uptrend towards 1.3331 (October 1, 2015 high).
Intraday: bearish
Daily: bearish
Weekly: neutral
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.