TipTVFinance

USD/CAD – Eyeing trend line support, Gartley intact

FX:USDCAD   U.S. Dollar / Canadian Dollar
Resistance – 1.2888, 1.2987, 1.3037

Support – 1.2837, 1.2771, 1.2654

  • Pair’s failure to take out 100-DMA and turn lower from point C of the Gartley followed by a move back below 1.29 handle indicates the pair is on track to test rising trend line (red) support seen at 1.2776.
  • A break lower on the daily closing basis would open doors for a slide to point D of the bullish Gartley pattern. (also known as the potential reversal zone)
  • On the higher side, falling trend line stands as a major resistance, above which bears are likely to take the backseat.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out