FxWirePro
Short

USD/CAD upside capped below 1.34000, good to sell on rallies

FX:USDCAD   U.S. Dollar / Canadian Dollar
232 0 7
Major resistance- 1.4000

USD/CAD             has jumped after making a low of 1.3361 yesterday. It is currently trading around 1.33536.

Loonie upside is capped by 1.4000 on account of US elections. The pair jumped till 1.3391 at the time of writing and started to show a decline from that level.

Short term trend is slightly weak as long as resistance 1.4000 holds.

Any violation above 1.4000 will take the pair to next level till 1.34175/1.3465 (Nov 4th 2016 high).

On the lower side, 1.3278 will be acting as major support and any violation below confirms minor trend reversal, a decline till 1.3235 (daily Kijun-Sen)/1.3200 (55- day EMA ) .

It is good to sell on rallies around 1.3385-1.3390 with SL around 1.3465 for the TP of 1.3278/1.3200

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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