The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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In our last analysis on USDCAD, we warned traders that price was providing a bullish weekly break out signal. Price had already given us reversal signals and bullish confirmations when it was still trading at 1.2130, however the weekly break out came at 1.2270, while now we managed to reach 1.2750.
Blue lines -Fibonacci retracement levels
USDCAD is at 1.2750 and has potential to reach 1.2950 area where we find the 38% Fibonacci retracement. Short-term trend remains bullish. A pull back towards 1.26 is justified but we consider any pull back a buying opportunity as there is a lot of dynamic to push price towards 1.295-1.30.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
