danielanthony92

USD/CAD bearish analytics [May 16, 2017]

FX:USDCAD   美元 / 加元
234 0 7
Pair USD/CAD             seems to be heading down, fundamentally the news that Saudi and Russia agree to suppress oil             production, so oil             prices strengthen, as well as CAD currency (CAD strengthen it mean USD/CAD             going downwards). And I read an article about the seasonal trade that mention about the month of May usually CAD pair tends to strengthen.
link: http://www.investopedia.com/articles/forex/07/forex_seasonality.asp

Technically, we focus on seeing what happens in this circle, that is,
1. First, the negative slope is formed in the H4 candle indicating that the pair is weakening, as for it is only correction or reversal.
2. Secondly, the support line "H4's MA100" at the price of 1.364 has been broken and is now turning into a resistance line.
3. Third, the support line "H4's MA200" is still far away at the 1.3516 price so if we want to sell this pair, the profit / loss ratio is good enough.
4. Fourth, a strong support line at the 1.3640 price that several days retained now has been broken down.

My prediction pair USD/CAD             will continue to fall down until the end of May.

Cheers!
評論: UPDATE May 18, 2017,

The political turmoil in US makes petroleum investment there less attractive now, and also USOIL prices that had fallen yesterday also contributed to this pair rising. News about Saudi and Russia extend the reduction of oil production is currently ignored by the market; That news should be able to strengthen the sentiment of oil prices and the impact on the strengthening of CAD currency. Let's see together how this pair will move. I still stick with this plan.
交易結束:目標達成: UPDATE May 23, 2017,

After waiting for several days due to the uncertainty of oil prices, our profit target is finally reached.

Cheers!
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出