Double top on USD/CAD

Double top on USD/CAD

On Friday, August 17, the USD/CAD currency pair held the resistance level at 1.31700, which triggered aggressive sales. The trading tool has updated local extremes. The current technical pattern indicates a further drop in USD/CAD. At the moment, a classic reversal figure of the technical analysis, Double Top, has been formed. The key support is level 1.30500. We recommend you to pay attention to this situation.

If the price fixes below 1.30500, it is necessary to consider sales of USD/CAD. The immediate goal for profit taking is the round level of 1.30000. The movement is tending to 1.29650-1.29500. Confirmations and entry points to the market should be looked for on lower timeframes. When following the positions, we recommend using a trailing stop.

by JustMarkets, 2018.08.20

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Buka Akaun

Dapatkan Analisis Percuma

* ruang yang diperlukan
Artikel Terakhir
Semua Artikel
Apa Itu Gann Square?
Secara keseluruhan, Gann Square adalah alat unik dan rumit yang menawarkan pandangan mengenai trend pasaran dan pergerakan harga.
Baca lagi
Apa itu pendekatan Gunn?
Kaedah Gunn adalah satu pendekatan kepada perdagangan kewangan yang menggunakan kombinasi analisis teknikal, kitaran masa dan pola geometrik untuk meramalkan pergerakan harga dalam pasaran kewangan.
Baca lagi
Jangkaan Matematik dalam Perdagangan
Jangkaan matematik merujuk kepada hasil purata strategi perdagangan pada banyak perdagangan, dengan mengambil kira keuntungan dan kerugian. Ia adalah satu konsep statistik yang membantu pedagang menilai potensi keuntungan strategi mereka.
Baca lagi