LATEST ARTICLES

Ichimoku indicator analysis of USD/CAD for June 27, 2017

Posted On 27 Jun 2017
By :
Comment: 0
analytics59520d98e8952.png

Since June 14th, the USD/CAD has been mainly moving sideways respecting support levels but with no bounce strength despite oil weakness. 1.32 is critical support.

Blue line – short-term support

The USD/CAD pair is trading below the Kumo and this might put another test to the critical support of 1.32. Resistance is at 1.3255 and if broken, we could see a bounce towards 1.3350.

analytics59520e1ec8086.png

On a daily basis, the USD/CAD pair is consolidating around long-term support level of 1.31-1.32. As long as it holds it, we could see a bounce towards 1.34-1.35. Breaking below it will open the way for 1.25-1.27.The material has been provided by InstaForex Company – www.instaforex.com

Source:: Ichimoku indicator analysis of USD/CAD for June 27, 2017

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*

[adrotate group="2"]
[adrotate group="15"]

InstaForex – Market Analysis

<a href="https://www.instaforex.com/">Forex Portal</a>

Like Us On Facebook

[adrotate banner= "75"]

Follow on Stocktwits

Follow Us on StockTwits

Connect

facebook
twitter
google-plus
youtube
linkedin
rss
Copyright © 2015 Forex Alchemy. All rights reserved.
Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use     Privacy Policy