Analysis

Premium analysis by our dedicated team
USDCAD
Nov 12, 2024, 12:00 PM GMT
#Forex

USDCAD: Bullish Momentum Meets Multiple Top

The Golden Cross of the 20 MA breaking above the 60 MA is a strong bullish indicator for USDCAD. The RSI is overbought and the price formed a multiple top pattern around 1.3955, meaning a correction is not impossible. If the price holds above 1.3911 (38% Fib) the up trend might extend above 1.40.

Profit & Loss
Short Term Long Term Net % Gains
+ - + -
130 PIPS 0 Pending Pending
1.50%
Short Term
+ -
130 PIPS 0
Long Term
+ -
Pending Pending
Net % Gains
1.50%

Disclaimer: Your capital is at risk! Trading and investing on the financial markets carries a significant risk of loss. Each material, shown on this website, is provided for educational purposes only. A perfect, 100% accurate method of analysis does not exist. If you make a decision to trade or invest, based on the information from this website, you will be doing it at your own risk. Under no circumstances is Trendsharks responsible for any capital losses or damages you might suffer, while using the company’s products and services. For more information read our Terms & Conditions and Risk Disclaimer.