简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: Bears fall
2023-01-27
1076
Fundamental analysis:
USD/CAD remained volatile around 1.33203 as investors waited for further clarity on supply drivers, including the Organization of the Petroleum Exporting Countries and its Allies (OPEC+) meeting and the European Union's imminent ban on Russian refined oil products.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the market is shrouded in bearish sentiment, the short-term decline may continue, the market as a whole is in a weak downward trend, the MACD indicator is weakly finishing below the 0 axis, and the RSI indicator is below the 50 balance line and slowly descending;
Long-short turning point: 1.33281
Suppression: 1.33440, 1.33587
Support: 1.33057, 1.32928
Trading strategy: bearish below 1.33281, target 1.33057, 1.32928
Alternative strategy: Bullish above 1.33281, target 1.33440, 1.33587
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
