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.
Cancel Confirm
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.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
7 Feb 2019

USD/CAD Technical Analysis: Better bid after falling wedge breakout

The USD/CAD pair is gaining altitude, now trading at a seven-day high of 1.3238, having confirmed a falling wedge breakout with a close at 1.3213 yesterday.

Daily chart

The falling wedge breakout seen in the above chart represents a bearish-to-bullish trend change. As a result, the immediate resistance of the 50-day moving average (MA), currently at 1.3273 could be put to the test, albeit after a minor pullback, as the short duration charts are reporting overbought conditions.

Hourly chart

The relative strength index (RSI) is held in overbought territory above 70.00. As a result, the spot may fall back to the support at 1.3210 before extending the rally towards 1.3273, as suggested by the daily chart.

Trend: bullish

USD/CAD

Overview:
    Today Last Price: 1.3238
    Today Daily change: 0.0034 pips
    Today Daily change %: 0.26%
    Today Daily Open: 1.3204
Trends:
    Daily SMA20: 1.324
    Daily SMA50: 1.3367
    Daily SMA100: 1.3223
    Daily SMA200: 1.3133
Levels:
    Previous Daily High: 1.321
    Previous Daily Low: 1.3124
    Previous Weekly High: 1.3287
    Previous Weekly Low: 1.3069
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3177
    Daily Fibonacci 61.8%: 1.3157
    Daily Pivot Point S1: 1.3149
    Daily Pivot Point S2: 1.3094
    Daily Pivot Point S3: 1.3064
    Daily Pivot Point R1: 1.3234
    Daily Pivot Point R2: 1.3264
    Daily Pivot Point R3: 1.3319

 

Feb 7, 2019

White House Chief of staff Mulvaney: Will figure out wall if Congress says no - Fox

Acting White House chief of staff Mick Mulvaney is out on the wires reiterating that President Trump will figure out ways to construct a wall across M
Read more Previous
Feb 7, 2019

GBP/USD: Traders await BoE announcements on “Super Thursday”

The British Pound trades little changed around 1.2930 against the USD on early Thursday. Global investors await the Bank of England (BoE) monetary pol
Read more Next