TipTVFinance

USD/CAD P&F chart – Double top breakout awaited

FX:USDCAD   U.S. Dollar / Canadian Dollar
A classic P&F chart with input as ATR and 3 reversal shows, we are above key supply zone of 1.2971.

The level saw fresh supply in 2008 and 2009 and also saw return of demand Oct 2015. This makes it an important level, which we have breached on the higher side.

However, it is still advisable to stay on the sidelines if one intends to jump on the long side of the trade, as we need to a see a double top breakout. Another X on the higher would be a strong bullish signal.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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