Forex4you - Analytics

    Forex4you

    547.00 7.00/10
    60% of positive reviews
    Real

    Technical analysis for the USDCAD on 23.07.2015

    The USDCAD broke and held above 1.3000 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.3150

    Min. 1.2910

    usdcad12

    The price broke round resistance of 1.3000, which indicates strengthening uptrend. Level 1.3000 is now acting as strong support.

    Correction down into the 1.3000 support will most likely trigger consolidation, followed by the rebound up and continuation of the bullish trend.

    Potential growth targets are situated at 1.3050, 1.3100, 1.3150 resistance levels.

    Alternative scenario: the breaking of 1.2910 support will be a signal for the reversal down.

    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 and held above 1.3000 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.3150

    Min. 1.2910

    usdcad12

    The price broke round resistance of 1.3000, which indicates strengthening uptrend. Level 1.3000 is now acting as strong support.

    Correction down into the 1.3000 support will most likely trigger consolidation, followed by the rebound up and continuation of the bullish trend.

    Potential growth targets are situated at 1.3050, 1.3100, 1.3150 resistance levels.

    Alternative scenario: the breaking of 1.2910 support will be a signal for the reversal down.

    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