empty
 
 
05.08.2020 11:38 PM
Ichimoku cloud indicator analysis of USDCAD

USDCAD is making new lower lows as expected after breaking below the key support zone around 1.3350. Price is now trading just above 1.3250 and more downside is expected to follow.

This image is no longer relevant

Using the Ichimoku cloud indicator we are going to identify some key short-term levels that if broken upwards will affect the down trend. Trend is bearish as price is below both the tenkan-sen and kijun-sen (red and yellow line indicators). Resistance by these indicators is at 1.3345 (previous support now resistance) and at 1.3435. The Kumo provides resistance at 1.3585. The Kumo (cloud) has a negative slope. If price bounces and recaptures 1.3350, we could expect price to challenge 1.3435 next and if this resistance is broken we should see price challenge the lower channel boundary. I prefer to use the tenkan-sen as a fast stop loss level to protect my gains from our bearish signal given at 1.35. Any strong bounce is seen as an opportunity to sell for a move towards 1.30.
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada April kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback