empty
 
 
30.12.2019 01:51 PM
USDCAD challenges major support

USDCAD remains in a bearish trend. Price has reached the lower triangle boundary of 1.3070 and it is imperative for bulls to step in and react now. Price is at major technical support level and moving lower will worsen the longer-term view for USDCAD.

This image is no longer relevant

Blue lines - long-term channel

Red line - major resistance trend line

Black line -upper triangle boundary

Green line - lower triangle boundary

USDCAD is at the verge of exiting the long-term bullish channel. Price has been rejected several times at the upper triangle boundary and has so far been unable to challenge the red resistance trend line. This puts the long-term bullish channel in danger. This could imply a bearish 2020 for USDCAD as price remains below 1.33. Breaking below 1.30 will be a bearish sign that could push price towards 1.27 or lower. Short-term traders should be looking at the bullish opportunities now as price is very close to critical support and a bounce is highly probable.

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