“¢ The pair extended overnight rejection slide from 50% Fibonacci retracement level of the 1.3227-1.2782 downfall, forming a bearish double-top chart pattern on the 1-hourly chart. “¢ A subsequent fall below 38.2% Fibonacci level and 100-hour SMA, coupled with negative technical indicators on the mentioned chart adds credence to the bearish formation. “¢ Hence, the downfall seems more likely to get extended towards testing 200-hour SMA, currently near the 1.2900 handle, which if broken will confirm a near-term bearish breakdown. USD/CAD 1-hourly chart USD/CAD Overview: Last Price: 1.294 Daily change: -6.0 pips Daily change: -0.0463% Daily Open: 1.2946 Trends: Daily SMA20: 1.2948 Daily SMA50: 1.3014 Daily SMA100: 1.3056 Daily SMA200: 1.2873 Levels: Daily High: 1.3006 Daily Low: 1.2934 Weekly High: 1.2956 Weekly Low: 1.278 Monthly High: 1.32 Monthly Low: 1.278 Daily Fibonacci 38.2%: 1.2962 Daily Fibonacci 61.8%: 1.2978 Daily Pivot Point S1: 1.2919 Daily Pivot Point S2: 1.2891 Daily Pivot Point S3: 1.2848 Daily Pivot Point R1: 1.299 Daily Pivot Point R2: 1.3033 Daily Pivot Point R3: 1.3061 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Further rangebound seen in EUR/USD – UOB FX Street 4 years "¢ The pair extended overnight rejection slide from 50% Fibonacci retracement level of the 1.3227-1.2782 downfall, forming a bearish double-top chart pattern on the 1-hourly chart. "¢ A subsequent fall below 38.2% Fibonacci level and 100-hour SMA, coupled with negative technical indicators on the mentioned chart adds credence to the bearish formation. "¢ Hence, the downfall seems more likely to get extended towards testing 200-hour SMA, currently near the 1.2900 handle, which if broken will confirm a near-term bearish breakdown. USD/CAD 1-hourly chart USD/CAD Overview: Last Price: 1.294 … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
