empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

24.01.202413:22 Forex Analysis & Reviews: USD/CAD: trading scenarios on January 24, 2024

Exchange Rates 24.01.2024 analysis

The Canadian dollar is strengthening, and USD/CAD is declining ahead of the Bank of Canada's interest rate decision to be published at 14:45 (GMT) today. If today's statements by the Bank of Canada's leaders are interpreted by the market as dovish, then we should expect a resumption of growth in the USD/CAD pair.

Exchange Rates 24.01.2024 analysis

A breakout of resistance levels at 1.3485 (200 EMA on the daily chart) and 1.3505 (144 EMA on the daily chart) will move USD/CAD into the zone of a medium-term bullish market and resume the upward trend in the context of a long-term bullish market. The first signal for the realization of this scenario could be a breakout of resistance levels at 1.3450 (200 EMA on the 1-hour chart) and 1.3465 (50 EMA on the daily chart).

Exchange Rates 24.01.2024 analysis

In an alternative scenario, the price will break the important short-term support level at 1.3441 (200 EMA on the 4-hour chart) and continue its decline towards the key support level at 1.3185 (200 EMA on the weekly chart), separating the long-term bullish market from the bearish one. Its breakdown, in turn, will return USD/CAD to the zone of a long-term bearish market, making long-term short positions preferable.

Exchange Rates 24.01.2024 analysis

Support levels: 1.3441, 1.3400, 1.3300, 1.3260, 1.3200, 1.3185

Resistance levels: 1.3450, 1.3453, 1.3465, 1.3485, 1.3505, 1.3540, 1.3600, 1.3615, 1.3700, 1.3775, 1.3800, 1.3860, 1.3890, 1.3900, 1.3970, 1.4000

Trading Scenarios

Alternative scenario: Sell Stop 1.3430. Stop-Loss 1.3470. Targets 1.3400, 1.3300, 1.3260, 1.3200, 1.3185

Main scenario: Buy Stop 1.3470. Stop-Loss 1.3430. Targets 1.3485, 1.3505, 1.3540, 1.3600, 1.3615, 1.3700, 1.3775, 1.3800, 1.3860, 1.3890, 1.3900, 1.3970, 1.4000

"Targets" correspond to support/resistance levels. This also does not mean that they will necessarily be reached, but they can serve as a guideline in planning and placing your trading positions.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.