USD/CAD: 161.8% extension and RSI divergence

FX:USDCAD   U.S. Dollar / Canadian Dollar
195 0 7
Major support -1.2760 (161.8% retracement of 1.29107 and 1.3140)

USD/CAD             has broken major psychological support 1.2800 and declined from that level. It is currently trading at 1.27738.

Short term trend is slightly bullish as long as support 1.2678 (90 W EMA ) holds.

On the lower side any break below 1.2760 will drag the pair down till 1.2720/1.2678 in the short term.

Loonie minor resistance is around 1.2800 and break above will take the pair till 1.2840/1.2880/1.2956.

Overall bearish invalidation only above 1.3200 level.

RSI- Bullish Divergence

It is good to buy at dips around 1.2760 with SL around 1.2678 for the TP of 1.2850/1.2880
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
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