Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/CAD Technical Analysis: US Dollar breaks below 1.3100 against the Loonie as more bearish pressure is on the cards

  • USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart. 
  • USD/CAD is testing the bull trendline and the 100 SMA. The RSI, MACD and STochastic indicator are negative. All suggesting continued bearish momentum.
  • Targets to the downside are likely located near 1.3053 (October 15 high) and 1.3000 figure. 

USD/CAD 4-hour chart


Main trend:                Bullish

Short-term trend:      Bearish


Resistance 1:            1.3083 September 27 swing high
Resistance 2:            1.3108, September 7 low
Resistance 3:            1.3161 October 26 high
Resistance 4:            1.3200 figure
Resistance 5:            1.3300 figure

Support 1:            1.3053 October 15 high
Support 2:            1.3000 figure
Support 3:            1.2950-59 multi-month key level and August 7 low

 

Additional key levels at a glance:

USD/CAD

Overview:
    Last Price: 1.3074
    Daily change: -82 pips
    Daily change: -0.623%
    Daily Open: 1.3156
Trends:
    Daily SMA20: 1.3042
    Daily SMA50: 1.3016
    Daily SMA100: 1.3076
    Daily SMA200: 1.292
Levels:
    Daily High: 1.3172
    Daily Low: 1.3107
    Weekly High: 1.316
    Weekly Low: 1.2968
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3147
    Daily Fibonacci 61.8%: 1.3131
    Daily Pivot Point S1: 1.3118
    Daily Pivot Point S2: 1.308
    Daily Pivot Point S3: 1.3053
    Daily Pivot Point R1: 1.3183
    Daily Pivot Point R2: 1.321
    Daily Pivot Point R3: 1.3248

 

US Dollar Index tumbles below 96.40 post-ISM

Tracked by the US Dollar Index (DXY), the greenback remains entrenched into the negative ground and navigating multi-day lows around 96.40. US Dollar
Read more Previous

WTI extends sideways move around $65

Crude oil prices came under a renewed selling pressure in the early Asian trading hours with the barrel of West Texas Intermediate slumping below the
Read more Next