USD/CAD Price Analysis: Bears to target 1.2480 on a breakout below daily H&S neckline By ross_burland USDCAD Technical Analysis
This was seen on the 4-hour time frame as in the following prior analysis:The price mitigated the imbalance into the daily M-formation's neckline near 1.2700/10 prior to the recent break to test 1.26 the figure.
At this juncture, the neckline of the daily head and shoulders would be expected to act as resistance near 1.2580/1.2610. Bears can look near to 1.25 the figure and 1.2480 as the next area of expected support:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
USD/CHF Price Analysis: Consolidates the biggest daily gains since June below 0.9300USD/CHF Price Analysis: Consolidates the biggest daily gains since June below 0.9300 By anilpanchal7 USDCHF Technical Analysis ChartPatterns SwingTrading SupportResistance
Consulte Mais informação »
Bitcoin (BTC), EUR/USD, USD/CAD Key Levels to WatchFollowing a soft week on Wall Street, Bitcoin as well as other cryptocurrencies have also come under pressure. Get your market update from JMcQueenFX here:
Consulte Mais informação »
USD/CAD Price Analysis: Tumbles to test 100-DMA after precious week’s falling wedge fakeoutHaving faced rejection once again near 1.2810 in the previous week. USD/CAD changed its course and kicked off a remarkable pullback. The downturn in t
Consulte Mais informação »
GBP/USD Price Analysis: Hovers below key hurdle to the north, 1.3610 in focusGBP/USD Price Analysis: Hovers below key hurdle to the north, 1.3610 in focus By anilpanchal7 GBPUSD Technical Analysis ChartPatterns SupportResistance SwingTrading
Consulte Mais informação »
EUR/USD Price Analysis: Selling pressure alleviated above 1.1390EUR/USD struggles for direction in the 1.1320/30 band on turnaround Tuesday. If the pair manages to regain strength it should face the initial target
Consulte Mais informação »
EUR/USD Price Analysis: Bears appear at the 50-DMA, but it remains around 1.1320sThe shared currency slides on Monday, trimming Friday’s gains down due to high US Treasury yields a headwind for the EUR/USD, while some companies are
Consulte Mais informação »