Viés de alta

USD/CAD stalling at 1.3650 but today...

Atualizado

The 100% Fibo extension of 1.2527, 1.3390, and 1.2780 has played out and hit our first target. Price stalled in this area in the two sessions prior to today but today's move of ~.5% up gives reason to believe this rally could continue higher to the next target of 1.38. Oil prices would need to remain weak and an end to the US Government shutdown could be a catalyst for a move higher. Beyond 1.38 are other targets up to the January 2016 all time high of 1.46.

Nota

Price weakening at 1st resistance. Trend still higher.

Nota

This is a good example of why taking profit when initial targets are hit is important.

positionforex

For more analysis, signals, education, and more sign up for Forex Forecast. It's free.

positionforex.com/join-forex-forecast/

Também em:

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.