empty
 
 
21.12.2018 01:06 PM
Technical analysis of USD/CAD for December 21, 2018

This image is no longer relevant

Overview:

The USD/CAD pair continues moving in a bullish trend from the support levels of 1.3427 and 1.3500. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in the bullish trending market. As the price is still above the moving average (100), immediate support is seen at 1.3427, which coincides with a golden ratio (61.8% of Fibonacci). Consequently, the first support is set at the level of 1.3500. So, the market is likely to show signs of a bullish trend around the spot of 1.3427/1.3500. In other words, buy orders are recommended to be placed above the golden ratio (1.3427) with the first target at the level of 1.3618. Furthermore, if the trend breaks through the first resistance level of 1.3618, we will see the pair climbing towards the major resistance of 1.3709. It would also be wise to find a place for a stop loss order; it should be set below the second support of 1.3427.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback