Ultima MarketsMarket analysis: The US and Canada have fallen below the shadow line, but still need to be cautious of a reversal

todayUltimaMarkets Bringing you 2024year 1month 30USD/CADIn depth analysis.

Fundamental points

• Strong US economy：本周美国将公布最新利率决议。作为美联储今年的第一次利率决议，投资者热切关注美联储是否将释放货币政策转向的线索。由于下一次利率决议将是3月份举行，因此若真如此前市场预期的3月份首次降息，那本次利率决议上，FOMC就将释放些许前瞻指引以供市场提前做准备。
• 油价短期下跌: Internationalcrude oil高开低走，跌落将近两个月来高位，结束三日连涨，因对亚洲需求的担忧导致交易员重新评估中东紧张局势的风险溢价。
  

technical analysis

Daily chart analysis

Daily chart of US dollar to Canadian dollar, sourceUltima Markets MT4）

• Random oscillation index：指标发出空头信号，暗示当前空头力量占据上风。值得注意的是，目前指标快线跌破50中位线，但是慢线仍处于中位线上方，警惕下跌趋势受阻。
• Moving average support：蓝色17日均线短期支撑汇价上行，昨日汇价出现看跌吞没，同时跌至均线下方弹。若汇价今日无法反弹至均线上方，则汇价短期将延续空头趋势。
  

1Hour chart analysis

USD to CAD1Hour chart, sourceUltima Markets MT4）

• Random oscillation index：指标已经进入超卖区域，目前正纠缠调整，警惕后续形成多头信号。
• 下行旗形：汇价自1月初高位震荡了半个月，形成了下行旗形区间。目前汇价跌至区间下沿。若汇价进一步加速下行则加元将迎来长期升值趋势，反之空头趋势迎来终结。
  

Trading CentralHub Line Indicators

USD to CAD30Minute chart, sourceUltima Markets APP）

• according toUltima Markets APPInTradingCentralHub line indicators, central price range for the day1.3445，
• 1.3445Upward bullish, first goal1.3465Second objective1.3480
• 1.3445Under bearish, first target1.3380Second objective1.3360
  

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.