Main Quotes Calendar Forum
flag

FX.co ★ USD/CAD testing major resistance, prepare to sell

parent
Forex Analysis:::2017-05-19T15:48:26

USD/CAD testing major resistance, prepare to sell

Price is now testing major resistance at 1.3653 (Fibonacci retracement, horizontal overlap resistance) and we expect a reaction from this level for a further drop to 1.3503 support (Fibonacci retracement, Elliott wave theory).

RSI (55,5,3) is seeing long term descending resistance holding price down really well.

Sell below 1.3653. Stop loss at 1.3708. Take profit at 1.3503.

USD/CAD testing major resistance, prepare to sell

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...