Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

USD/CAD faces some difficulties

USD/CAD faces some difficulties

Information is not investment advice

USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). This is a bearish pattern, so the odds are that the pair will test lower levels. On the D1, the upside was limited by the 200-day MA, which is usually quite a strong obstacle. The price went below the October-November support line. For now, it still has the support of the 100-day MA in the 1.32 area. A decline below this point, however, will open the way down to 1.3160 and 1.3130. Resistance lies at 1.3225.    

USDCAD.png

Similar

Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

Popular

Choose your payment system

Learn more