Forex4you - Analytics

    Forex4you

    551.50 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the USDCAD on 16.07.2015

    The USDCAD broke strong resistance of 1.2960

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 180 pips Max. 1.3100

    Min. 1.2800

    usdcad9

    The US dollar kept strengthening against the CAD after a six-day consolidation below strong resistance of 1.2800, which was breached to the upside yesterday.

    Flag pattern is now forming on the intraday chart. To confirm this figure, bulls have to break and hold above the 1.2960 resistance.

    The breakout of level 1.2960 will open the way up to the next resistance levels at 1.3000, 1.3100.

    Alternative scenario: correction down towards strong support at 1.2800, followed by the rebound up.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The USDCAD broke strong resistance of 1.2960

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 180 pips Max. 1.3100

    Min. 1.2800

    usdcad9

    The US dollar kept strengthening against the CAD after a six-day consolidation below strong resistance of 1.2800, which was breached to the upside yesterday.

    Flag pattern is now forming on the intraday chart. To confirm this figure, bulls have to break and hold above the 1.2960 resistance.

    The breakout of level 1.2960 will open the way up to the next resistance levels at 1.3000, 1.3100.

    Alternative scenario: correction down towards strong support at 1.2800, followed by the rebound up.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree