SuperForex - Analytics


    279.50 7.00/10
    76% of positive reviews

    USD/CAD Technical Analysis & Daily Chart Latest Analytics Our Advantages

    General Analysis
    At this stage the USD/CAD currency pair is located in a downward trend movement and the last two daily candles with large black bodies indicate a possible continuation of the decrease in the near future. Last week's scenario repeats once again but we can expect a decrease of about 200p for that time.

    Daily Chart
    On the daily chart there is a triangle formation and the approximation of the prices is to its lower limit. There are also several levels of support close to the prices - 1.2770 и 1.2690. These levels may serve as reference points for the price during its downwards motion.

    The Next Few Days
    Considering the presence of a medium-term downtrend we recommend opening a short position after a penetration of the support level at 1.2770 with target points on profit-taking at 1.2520 and 1.2550.
    The recommended amount for the first position will be 2-3% of the deposit.

    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