Divergence on USD/CAD

Divergence on USD/CAD

Since the beginning of this week, aggressive sales of USD/CAD have been observed. For this period, the drop in quotations has been almost 200 points. Nevertheless, a technical correction is not ruled out in the near future. At the moment, a classic reversal formation of the price and MACD histogram divergence has been formed (H1 timeframe). The local resistance is the level of 1.26200. We recommend you to pay attention to this situation.

If the price fixes above 1.26200, you should consider buying USD/CAD. The closest target for profit taking is the resistance level of 1.26750. The movement is tending to 1.27100-1.27500. Confirmations and entry points to the market should be looked for on lower timeframes. When tracking the position, we recommend using a trailing stop.

by JustForex, 2018.04.12

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

Abrir cuenta

Consigue análisis gratis

* campos obligatorios
Últimos artículos
Todos los artículos