- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/CAD Price Analysis: Extends pullback towards 1.2900 inside rising wedge
USD/CAD Price Analysis: Extends pullback towards 1.2900 inside rising wedge
- USD/CAD remains pressured inside a bearish chart pattern after stepping back from yearly top.
- RSI retreat, MACD conditions suggest further downside but 1.2690 becomes a tough nut to crack for bears.
- Bulls need to cross 1.2975 to keep the reins.
USD/CAD drops towards 1.2900, extending the previous day’s pullback from the yearly top, during Wednesday’s Asian session. In doing so, the Loonie pair post the second consecutive daily loss while staying inside a bearish chart pattern called a rising wedge.
Given the recently flashed bearish MACD signal and RSI retreat from the overbought zone, USD/CAD declines are likely to stretch longer.
While the 1.2900 may entertain intraday sellers, a downside break of the stated wedge’s support line near 1.2840, will open the door for the USD/CAD downturn towards the mid-November lows near 1.2490.
However, a convergence of the 200-SMA and a five-week-old support line, near 1.2690, is strong support to break for keeping the USD/CAD bears in the driver’s seat after 1.2840.
Alternatively, recovery moves remain elusive until staying below the wedge’s resistance line near 1.2975.
Even so, the 1.30000 psychological magnet will be crucial before USD/CAD bulls eye the November 2020 peak of 1.3172.
USD/CAD: Four-hour chart
Trend: Further weakness expected
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
