USD/CAD Intraday: choppy.

Oct 31, 2024 2:06 AM
short positions below 1.3925 with targets at 1.3890 & 1.3875 in extension.
image
Pivot: 1.3925
Our preference:
short positions below 1.3925 with targets at 1.3890 & 1.3875 in extension.
Alternative scenario:
above 1.3925 look for further upside with 1.3940 & 1.3955 as targets.
Comment:
as long as 1.3925 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.3955
1.3940
1.3925
1.3910 Last
1.3890
1.3875
1.3860
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.

Related Instruments

USD/CAD
1.38582
-0.00794
-0.57%
* References, analysis, and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgement of the analyst, without considering the investment objectives and financial situation of the investors.
Risk Warning: Our Website and Mobile App provides only general information on certain investment products. Finsights does not provide, and the provision of such information must not be construed as Finsights providing, financial advice or recommendation for any investment product.
Investment products are subject to significant investment risks, including the possible loss of the principal amount invested and may not be suitable for everyone. Past performance of investment products is not indicative of their future performance.
Finsights may allow third party advertisers or affiliates to place or deliver advertisements on our Website or Mobile App or any part thereof and may be compensated by them based on your interaction with the advertisements.
© Copyright: FINSIGHTS MEDIA PTE. LTD. All Rights Reserved.