FxWirePro
Short

Loonie breaks minor trend line support, targets 1.2900

FX:USDCAD   U.S. Dollar/Canadian Dollar
369 2 8
Loonie has broken short term trend line support 1.2985 ( trend line joining 1.2900 and 1.2956) and this confirms intraday bearishness , a decline till 1.2900 cannot be ruled out.

On the higher side 1.3050 is short term resistance and any break above targets 1.30870/1.3135.

Intraday bullishness only above 1.3050 level.

It is good to sell on rallies around 1.2990-95 with SL around 1.3050 for the TP of 1.2900/1.2860
Nicemate
a year ago
On the 4h chart it looks like a bullish H&S in development, with a first target around the 1.3135 area and a second target towards the 1.3200 area....
Reply
FxWirePro Nicemate
a year ago
Ok but it should break above 1.3080
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out