Lihat juga
09.10.2020 03:43 PMIn a previous analysis we expected USDCAD to pull back towards trend line support between 1.33-1.3250. Price did exactly this and pulled back towards our support area. At that point in time we said that a bounce is highly likely but bulls do not want to see price break below 1.3250.
Red line - trend line support
Black lines -Fibonacci retracement levels
Our warning for 1.3250 was justified. Price broke below the 38% Fibonacci retracement level and the upward sloping support trend line. Price is now more than 100 pips lower trading at 1.3138 below the 61.8% Fibonacci retracement. Unless price makes a higher low relative to the 1.30 low, then October could see price below 1.29. Resistance is found at 1.3330. Price has started making lower lows and lower highs. This could unfold into a bigger move lower if it continues.
You have already liked this post today
* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
