empty
 
 
18.08.2015 12:20 PM
Technical analysis of EUR/CAD for August 18, 2015

EUR/CAD has been moving upwards for a very extended period of time in the longer time frame. In the smaller, H1 scale, the picture is very much alike: a very strong bullish trend with no signs of weakness.

The pair formed a strong resistance near 1.4450, that on the 11.08 was broken. The very same level has acted as support that was rejected, once again confirming the validity of the uptrend. The price remains above the 200 Moving average and this week rejected the ascending channel as well as an uptrend trendline.

As the trend remains so bullish, consider buying EUR/CAD today while it trades between the current level - the psychological support (1.4500) and S1 (1.4450). The R1 resistance - 161.8% Fibonacci retracement level (applied to the 31.07 high and 07.08 low) was broken and it would be reasonable to target next Fibs 261.8%, marked R2 (1.4752). To stay on the safe side, the stop loss must be well below S1; however, long trades with tight stop loss might also play out well.

Support: 1.4448

Resistance: 1.4565, 1.4752

This image is no longer relevant

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $3000 lebih banyak!
    Pada September kami mengundi $3000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback