FxWirePro
Short

Loonie forms Bullish Cypher pattern, good to sell on raliies

FX:USDCAD   U.S. Dollar/Canadian Dollar
282 0 3
Harmonic Pattern Formed -Bullish Cypher pattern

Potential reversal Zone (PRZ) - 1.34350

The pair has retreated after making a high of 1.3435 and is currently trading at 1.3349. Canadian dollar             has slightly recovered after Saudi Arabia has pledged to stabilise crude oil             prices.

The focus will on Upcoming OPEC meeting which is to be held on Dec             4th and the hope that some production cuts will be forthcoming.

On the lower side minor support is around 1.3340 and break below targets 1.3315/1.3290./1.3245.

The pair's major support is around 1.3220 and below that level decline till 1.3160/1.3100 is possible.

The short term resistance is around 1.3380 and above that jump till 1.3435/1.3460

It is good to Sell on rallies around 1.3365-70 with SL around 1.3435 for the TP of 1.3320/1.3160
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out