Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE
Az egyik szabályozók egyikánek kiválasztása megfelelő információkat nyújt az egész webhelyen. Ha másik szabályzót szeretnél megjeleníteni, kérjük, válaszd ki!
Az egyik szabályozók egyikánek kiválasztása megfelelő információkat nyújt az egész webhelyen. Ha másik szabályzót szeretnél megjeleníteni, kérjük, válaszd ki!

​USD/CAD Runaway Gap is Still Active

Október 02, 2018 11:51

USDCAD Daily Chart - Wave Analysis

Source: USD/CAD Admiral Markets MT5 with MT5SE Add-on - Accessed: 02.10.2018 01:45 AM

USDCAD Weekly Chart - Wave Analysis

Source: USD/CAD Admiral Markets MT5 with MT5SE Add-on - Accessed: 02.10.2018 01:45 AM

The USD/CAD currency pair has dropped from the S1 pivot point support after OPEC (The Organization of the Petroleum Exporting Countries) output has rose by 90K bpd in September. Iran's production might fall further after the Nov 4 US sanctions hit. Bloomberg also reported that India has no plans to purchase Iran's oil starting in November with South Korea and Japan pledging the same. The only scheduled news that might affect oil is on Wednesday, for Crude Oil inventories. They represent a change in the number of barrels of crude oil held in inventory by commercial firms during the past week. Don't forget to follow our Forex calendar for all regular updates on the news, economic announcements, forecasts and much more.

Technically, the USD/CAD currency pair has formed a runaway gap .The runaway gaps are usually accompanied by strong volatile candles such as the marubozu candle which support the market's price sentiment in the direction of the trend. The emerging pattern which we can spot here is the 'Failed Ascending Scallop' pattern. The price might possibly drop from the S2 or S1 pivot point resistance on a retest- 1.2863 or 1.2939. If that happens, be prepared for a volatile ride towards the S3 support at 1.2726. If the runaway gap is closed, then another push straight towards the S3 pivot might be expected even without a retest of S2 or S1 pivot. As always, be prepared to react using price action tools as usual.

Pivot Lines - Weekly Support and Resistance

POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Kockázati figyelmeztetés

A CFD összetett eszköz, és a tőkeáttétel miatt a hirtelen veszteség jelentős kockázatával jár. 83% -án a lakossági befektetői számláknak veszteség keletkezik, amikor ennél a szolgáltatónál CFD-kkel kereskednek. Fontolja meg, hogy érti-e a CFD-k működését és hogy megengedheti-e magának a veszteség magas kockázatát.