Artık bundan sonra biz Elev8’iz

Biz yalnızca bir aracı kurumdan fazlasıyız. Analiz etmek, işlem yapmak ve büyümek için ihtiyacınız olan her şeyi tek bir yerde sunan, hepsi bir arada bir işlem ekosistemiyiz. İşlem deneyiminizi bir üst seviyeye taşımaya hazır mısınız?

USD/CAD Price Analysis: Under pressure in Asia, forming head-and-shoulders

  • USD/CAD is forming a head-and-shoulders on the hourly chart, 
  • A breakdown would open the doors to levels near 1.3150.

The Canadian dollar has found some love in Asia. The USD/CAD pair is currently trading at 1.3204, representing marginal losses on the day, having hit a low of 1.3195 earlier today. 

The hourly chart shows the pair is forming a head-and-shoulders bearish reversal pattern with the neckline support at 1.3191. 

A break below that level would open the doors to 1.3153 (target as per the measured move method). That looks likely as Thursday’s spinning top candle is reporting buyer exhaustion – the rally from the Dec. 31 low of 1.3069 has likely run out of steam. 

However, if the neckline support at 1.3191 if holds, a bounce to Thursday’s high of 1.3227 may be seen. A close higher would expose the resistance at 1.3247 – the 78.6% Fibonacci retracement of the sell-off from 1.3328 to 1.3069. 

Hourly chart

Trend: Bearish below 1.3191

Technical levels

 

RBA on hold; to cut 2020 growth forecast from 2.8% to 2.6% - Westpac

In the view of Bill Evans, analyst at Westpac, the Reserve Bank of Australia (RBA) will remain on hold next week and push back a rate cut to April, in
Devamını oku Previous

US Pres. Trump: Coronavirus outbreak is 'very well under control'

In a speech at an auto parts manufacturer in Warren, Michigan, US President Donald Trump said that the US was cooperating with China on the coronaviru
Devamını oku Next