ICmarkets
做空

Superb confluence seen on the loonie! Pending sell at .3315

FX:USDCAD   美元/加元
118 0 2
Weekly gain/loss: + 171 pips
Weekly closing price: 1.3293

Weekly view: After seeing price action loiter within supply at 1.3295-1.3017 for the past two weeks, the zone suffered a slight break last week. As such, a continuation move up toward the resistance boundary seen at 1.3381 is now something traders need to be prepared for this week.

Daily view: Looking down to the daily chart , the unit is also seen trading within a supply zone drawn from 1.3405-1.3259. On top of this, the loonie is now lurking within shouting distance of a daily convergence point made up of: a 38.2% Fib resistance level at 1.3315 (green line), the weekly resistance level mentioned above at 1.3381, a channel resistance taken from the high 1.3241 and an AB=CD completion point around the 1.3376ish range.

H4 view: A quick recap of Friday’s trading on the H4 chart shows that the USD/CAD             sold off following a better than expected Canadian job’s report. However, it was not too long after this did we see price catch a bid from the 1.32 handle and push on up to the 1.33 neighborhood into the close.

Direction for the week: With weekly action trading around supply and resistance, as well as daily price trading within a heavily confluent supply zone , we feel the more likely direction this week is south.

Direction for today: Due to the fact that US and Canadian banks are closed today, liquidity may be thin. Therefore, we will not be expecting much from this market today.

Our suggestions: Despite both countries being on vacation today, we are very interested in shorting from around 1.3315ish region. Not only does this area boast a truckload of daily/weekly confluence (see above) and a H4 AB=CD bearish completion point (1.3328), it also allows one to place their stops above the current daily supply! As a result, our team has a pending sell order set at 1.3315 and a stop placed above at 1.3407.

简体
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
繁體
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 组件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持标签 优先服务 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出