Giá lên

USD/CAD bulls fly with 8-1/2M high on breach of stiff resistance

FX:USDCAD   Đô la Mỹ / Đô la Canada
Chart and candlestick patterns: Frequent occurrence of bullish engulfing patterns pop up at 1.2963 and 1.3087 levels and these bullish patterns prop up rallies well above DMAs and EMAs. In this process of upswings, the bulls manage to break-out the stiff resistances of 1.2920 levels and establish 8 and a half months highs (refer both daily and weekly chart).

While both leading oscillators ( RSI & stochastic curves) show upward convergence that signal buying pressures.

To substantiate this buying sentiment, trend indicators are in conformity to the uptrend, bullish DMA and MACD crossovers signal upswings to prolong further.

Where the price rallies in intermediate trend, broke-out stiff resistance, now on the verge of retracing 61.8% Fibonacci levels, the bullish sentiment backed by both leading & lagging oscillators on this timeframe too.

The next immediate stiff resistance is seen at 1.3129 levels and the strong supports are seen at 1.30 and 1.2911 levels.

Trade tips: At spot reference: 1.3087, contemplating prevailing bullish sentiments one can buy double touch binary calls (1.3129) to leverage payoffs. The magnified yields are most likely if the underlying spot FX keeps spiking upto above stated strikes of 1.3129 (i.e. means another upward journey of 30-35 pips).

Well, on hedging grounds, one can keep the potential bullish risk of this pair on the check by adding long positions in futures contracts as the underlying spot FX has constantly been rising from the lows of 1.2247 levels to the current 1.3066 levels. The long futures position of mid-month tenors are advocated with a view to arresting further upside risks, we reiterate that it is wise to use dips to deploy long hedges using the derivative contracts.

Currency Strength Index: FxWirePro's hourly CAD spot index is displaying shy above -107 levels (highly bearish ), while hourly USD spot index was at 52 ( bullish ) while articulating (at 11:51 GMT ).
VI Tiếng Việt
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
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất