I-USD / CAD ibuyela kwiNqanaba le-1.3100, i-May Resume Uptrend

UAzeez Mustapha

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Amanqanaba okuGxila aphambili: 1.4200, 1.4400, 1.4600
Amanqanaba enkxaso aphambili: 1.3400, 1.3200, 1.3000

I-USD / i-CAD yeXabiso leXesha elide: Bullish
USD/CAD is in a downward move. The pair fell to level 1.3100 and moved up. After retesting the low, the price is rising.

I-USD / CAD-Itshathi yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
The 50-day SMA and the 21-day SMA are sloping downward indicating the downtrend. The Loonie has risen to level 49 of the Relative Strength Index period 14. It is now below the centerline 50. There is a balance between supply and demand.

I-USD / CAD yexesha eliphakathi eTrend: Ukuthwala
On the 4-hour chart, the pair is making an upward move. On October 26 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. This gives the impression that the market will rise and reach level of 2.618 Fibonacci extensions. That is the Loonie will reach level 1.3412.

I-USD / CAD-4 Itshathi yeYure

Isalathisi seeyure ezingama-4 Ukufunda
Presently, the SMAs are sloping southward indicating the downtrend. The Loonie is above 60% range of the daily stochastic. It is in a bullish momentum but the momentum is weak.

Imbonakalo ngokubanzi ye-USD / CAD
The USD/CAD is currently retracing for a possible uptrend. According to the Fibonacci tool analysis, the market will reach level 2.618 Fibonacci extension or the high of 1.3412.


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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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