USD CAD Analisi Tecnica | USD CAD Trading: 2024-10-17 | IFCM Italy
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USD CAD Analisi Tecnica - USD CAD Trading: 2024-10-17

USD CAD Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sotto 1.37462

Sell Stop

Sopra 1.38071

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articoli2583
IndicatorSignal
RSI Neutro
MACD Neutro
Donchian Channel Sell
MA(200) Buy
Fractals Sell
Parabolic SAR Sell

USD CAD Chart Analysis

USD CAD Chart Analysis

USD CAD Analisi Tecnica

The technical analysis of the USDCAD price chart on 4-hour timeframe shows USDCAD,H4 is retracing down towards the 200-period moving average MA(200) after hitting nine-week two days ago. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 1.37462. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.38071. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Analisi Fondamentale Forex - USD CAD

Canada’s Housing Starts growth resumed in September. Will the USDCAD price resume advancing?

Canada’s Housing Starts rose at a faster pace in September. Canada Mortgage and Housing Corporation (CMHC) reported the Housing Starts rate (annual) was 224 thousand in September after 213 thousand in previous month. While the rate rose, the six-month trend was bearish: the six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada. The rise in housing starts rate is bullish for Canadian dollar and hence bearish for USDCAD pair.

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Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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