empty
 
 
03.12.2015 12:22 PM
USD/CAD technical analysis for December 3, 2015

USD/CAD has provided a sell signal by breaking below and out of the rising wedge. Important resistance is found at 1.34 and as long as we are below it, the chances of a deeper downward correction are high.

This image is no longer relevant

Blue line - resistance

Red line - support (broken)

The rising wedge is broken. The price is expected to move towards the kijun-sen (yellow line indicator) support or even the Ichimoku cloud. I am bearish as long as the price is below 1.3410-1.3430. If the resistance is broken, I expect the price to test 1.35.

This image is no longer relevant

Red rectangle - resistance

Green rectangle - support

Important support is in the 1.3280-1.33 area. Important resistance is set at 1.3410-1.3430. The price is moving sideways in the short term within the trading range. If support fails, we should expect the 1.31 level to be tested. If resistance is broken, the mark of 1.35 will be seen.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback