country flagالعربية

USD/CAD Daily Technical Analysis | 9 February 2018

2018-02-09 08:51 am | Resource: Technical Analysis Section | No Views : 314

Our neutral view of USD/CAD as long as trading between the 1.2614 zones and the 1.2545 areas on the interval is 240 minutes due to weak bulls 'determination and the sellers' inability to lead the pair to the downside at the moment.

USD/CAD Daily Technical Analysis | 9 February 2018

The SMA 20 is still a very important support area for the pair.
RSI 14 is trading in a bullish direction while it is trading in a minor bearish direction under formation.
It is expected that, if the pair breached the Canadian currency level of 1.2614 may target the pair 1.2788 on the other side, if breaking the level of 1.2539 may target the level of 1.2419.
Resistance: 1.2659 - 1.2788- 1.2916
Support: 1.2539 - 1.2467 - 1.2398
Trend: Up

Other news

Pound is retreating after Juncker's comments of disagreement and UK inflation data

The pound added to losses on Wednesday after outgoing European Commission President Jean-Claude Juncker warned there was a "real" risk of Britain leaving the EU to a deal where there is little time for talks. Meanwhile, data from the British Office for National Statistics (ONS) showed that UK producer prices rose 1.6% in August and inflation fell to 1.7% last month. UK inflation fell to 1.7% in August Annual price…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.