FxWirePro
Long

USD/CAD downside capped by 23.6% fibo, good to buy at dips

FX:USDCAD   U.S. Dollar / Canadian Dollar
397 1 10
Major resistance – 1.3360 .

Major support – 1.32620 (23.6% retracement of 1.28224 and 1.33974)

Loonie breaks major resistance 1.3360 and jumped till 1.33975 yesterday. It is currently trading around 1.33325.

The pair declined sharply from the temporary top formed at 1.33975. Loonie corrected till 1.2781 and started to jump from that level.

On the higher side, 1.3400 is acting as major resistance and any break above confirms major trend reversal, a jump till 1.3500 (161.8% retracement of 1.33137 and 1.30060)/1.3580 is possible.

The minor support stands at 1.3262 and any break below will drag the pair to next level till 1.3210 (7- day EMA )/1.3160 (200- day MA).

It is good to buy on dips around 1.3325-1.3330 with SL around 1.3262 for the TP of 1.34980.
good work
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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