Analytics from JustForex – Only Exclusive Materials Analytics from JustForex – Only Exclusive Materials

Notice

This Post has ended its release period. Please check JustForex's latest information and campaign on JustForex's company introduction page.

JustForex - What's now?

We are no longer promoting JustForex. The information regarding to JustForex on the website 'Hercules.Finance' maybe outdated. ref. JustForex

Yesterday, the USD/CAD currency pair kept local resistance at 1.31650, which caused the bearish sentiment.

The trading instrument has updated local lows. The Price Action signals a possible correction of the USD/CAD currency pair.

At the moment, the classic pattern of Outside Bar (H4 timeframe) has been formed, which is a reversal formation.

The USD/CAD quotes are testing the round level of 1.31000.

OUTSIDE BAR ON USDCAD

JustForex Official Website

If the price fixes below 1.31000, one should consider selling USD/CAD.

The immediate goal for profit taking is the resistance level of 1.30500.

In the medium term, the USD/CAD currency pair may reach the level of 1.30000-1.29500.

Confirmations and entry points to the market should be looked for on lower timeframes.

When tracking a position, we recommend using a trailing stop!

1

XMXM

4.9 rating based on 1,166 ratings
4.9/5 1166
2

DerivDeriv

4.9 rating based on 143 ratings
4.9/5 143
3

LQDFXLQDFX

3.5 rating based on 93 ratings
3.5/5 93
4

FBSFBS

3.6 rating based on 99 ratings
3.6/5 99
5

FXTMFXTM

3.9 rating based on 43 ratings
3.9/5 43
1

PrimeBitPrimeBit

3.9 rating based on 7,130 ratings
3.9/5 7130
2

BinanceBinance

4.3 rating based on 7,662 ratings
4.3/5 7662
3

bybitbybit

4.2 rating based on 3,323 ratings
4.2/5 3323
4

XBTFXXBTFX

1.9 rating based on 4,447 ratings
1.9/5 4447
5

WisebitcoinWisebitcoin

3.3 rating based on 4,701 ratings
3.3/5 4701