- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/CAD Price Analysis: Bears eye 1.3500 key week low
USD/CAD Price Analysis: Bears eye 1.3500 key week low
- USD/CAD bears are moving in and eye a run to last week's lows.
- The current 15-min chart's M-formation could be key in this regard.
USD/CAD bears are back in the driver's seat as the market is a wash with US dollar longs that are being squeezed despite the red-hot US inflation data on Thursday. A resurgence in the oil price is also benefitting the loonie in late afternoon trade on Wall Street which has flipped risk-on. The following is a top-down analysis that arrives at a bearish thesis for the days ahead while below last week's highs of near 1.3850.
USD/CAD weekly chart
The price has reached a weekly resistance area and a correction could be on the cards for the meantime before the next move up.
USDCAD daily chart
The daily chart is also encouraging bears to the table, having spiked and pinned out on the day so far. The bears, however, need to get below the horizontal and trendline support around 1.3680.
USD/CAD H1 chart
The hourly chart shows the price at the upper end of a box. Therefore, the path of least resistance is to the downside at this juncture with the market having peaked out on Thursday's CPI rally. The highs and lows of the significant days are plotted on the chart and the break of Friday 7 low will be a significant development.
USD/CAD M15 chart
The price has carved out a 15-minute M-formation and should the price hold below it on a restest, followed preferably by a bearish engulfment of the current bullish correction, then the bears will be on track for further downside before the week is out.
© 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
