empty
14.01.2025 07:01 AM
Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Tuesday January 14, 2025.

This image is no longer relevant

If we look at the daily chart of the USD/CAD commodity currency pair, it appears that a Bullish Pitchfork channel has formed, which indicates that the USD/CAD is in a Bullish movement, which is also confirmed by its price movement which is moving above the EMA (21) which also has a slope that dives upwards, so based on these facts, as long as there is no weakening correction that breaks through and closes below the 1.4277 level, The Lonnie will head to the 1.4518 level or the Middle Line Pitchfork channel and if the momentum and volatility support it, 1.4577 will be the next target to be aimed for.

(Disclaimer)

Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.