Thread: Usd/Cad
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USD/CAD intraday: downside direction
Pivot: 1.021
Our preference: Short positions below 1.021 with targets @ 1.016 & 1.014 in extension.
Alternative scenario: Above 1.021 look for further upside with 1.0235 & 1.025 as targets.
Comment: as long as 1.021 is resistance, look for choppy price action with a bearish bias.
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Technical outlook and chart setups:
As seen on the 4H chart view here, overall bullish structure remains intact with no major support/resistance levels breached at the moment. Prices have retraced closer to 123.00 level and they are expected to resume rally again towards 125.00 level and higher. As shown here, the intermediary support...
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Couple is now almost one impulse wave broke a number of strong levels - including blue alligator and sliding down zone Fractal 0180, the breakdown of these levels was the signal for a reversal of the main trend and opened a large and virtually unobstructed path to the south, the next strong support level-0100 figure.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
USD / CAD just demonstrated a strong impulse to reduce the South (and broke through the lower boundary of the converging triangle), the pair managed to overcome the 0188 mid-term support for opening the way to the 0100 figure, now about buying can forget, the index of the dollar began to fall again, I think it bears dodast confidence .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Strong support at 1.0188 (previous monthly volume) continues to keep the pair from further decline, which is corrective in nature. Formation of a bearish uncertain wave A, C / V (H1). In the breakdown and consolidation below 1.0188 targets for reducing - the border upward sloping channel (N4), and the value of 1.0120 (previous monthly volume). Resistance levels, in the case of growth at 1.0240 (weekly volume) and the key 1.0265 (monthly amount). In general, the situation is ambiguous.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
As you see in my following attached chart, the pair remains stuck between 1.0180 and 1.0365, and as we mentioned yesterday, we need to surpass one of these levels to confirm the next trend, where breaking below 1.0180 will turn the price to the correctional bearish track, while breaching above 1.0365 will open the way for gains reach towards 1.0660
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Usd/cad technical analysis by using moving averages.
date : 03.26.2013
time : 0545 GMT
time frame : 15 min
sma200 : 1.0225 signal- sell.
sma100 : 1.0212 signal- sell.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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