简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: shock retracement
2023-02-08
1174
Fundamental analysis:
The U.S. dollar remained volatile near 1.34041 against the Canadian dollar. Canada will only record its second annual trade surplus in goods in recent years in 2022, expanding from 4.6 billion Canadian dollars in 2021 to 20.1 billion Canadian dollars. Previously, Canada had run a merchandise trade deficit every year from 2015 to 2020.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: High short-term wide fluctuations, the market's short-term sentiment began to look for opportunities to enter the market and move downward, the MACD index is in the high position of the bullish area, and the RSI index is in the bullish area for consolidation and retracement;
Long-short turning point: 1.34122
Suppression: 1.34277, 1.34418
Support: 1.33921, 1.33788
Trading strategy: bearish below 1.34122, target 1.33921, 1.33788
Alternative strategy: Bullish above 1.34122, target 1.34277, 1.34418
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
