USD/CAD Price Analysis: Bears making their move for 1.3750 key daily support
03.10.2022, 01:44

USD/CAD Price Analysis: Bears making their move for 1.3750 key daily support

  • USD/CAD bears have pounced from 1.3800 for a move into the 1.3750s.
  • 1.3750 is a key area of support given the daily trendline.

USD/CAD is on the move to the downside with 1.3750 on the bear's radar. The price is falling towards trendline support on the daily chart while having already broken the 1.378- structure leaving the bias firmly on the downside for the time being:

USD/CAD monthly chart

The monthly chart's outlook is bullish although a meanwhile correction is starting to take shape with the key Fibonaccis lining up with the prior structure looking left. That being said, as the daily chart below illustrates, should the trendline support hold on what a[[ears to be an inevitable test, then the upside will remain the favored scenario.

USD/CAD daily chart

A break of the trendline, on the other hand, and subsequent support structures, then the downside correction will be well on its way.

USD/CAD H1 chart

At this juncture, the price has already bolted:

The bears have moved into the kill for the 1.3750s. This is an area of imbalance that is being mitigated at the time of writing with bears pouncing from 1.3800 structure. If this area of support were to give, then 1.3700/20 will be the next reasonable target given the point of control.

However, the daily trendline support should be noted which reinforces 1.3720/50 as support.

© 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik