USD/CAD breakout occurs - Technical Analysis - Dukascopy Bank
Tue, 19 Jan 2021 07:30:08 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
73%
73%
-0.5%
Shorts
27%
27%
1.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Buy
Sell
Sell
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇗
⇘
⇘
The US Dollar has declined by 75 pips or 0.58% against the Canadian Dollar since yesterday's trading session. The currency pair breached the lower line of an ascending channel pattern during the Asian session on Tuesday.
Given that a breakout has occurred, bears could continue to push the exchange rate lower during the following trading session. The potential target for bearish traders would be at the 1.2660 level.
However, a support cluster formed by the 100– and 200– hour SMAs at 1.2713, could provide support for the USD/CAD currency exchange rate within this session.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.