InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Technical analysis of USD/CAD for Febuary 5, 2015

    General overview for 05/02/2015 12:45 CET

    The bullish zone has moved a little higher and now it incorporates the intraday resistance at the level of 1.2590 as the key level. Any breakout higher above this level might mean that the recent swing high will be tested again. Please notice that the golden trend line has been tested from the bottom and despite the small breakout, the price has been rejected from higher levels for now, and it looks like the market might make another wave Y brown to the downside to complete the overall corrective cycle.

    Support/Resistance:

    1.2648 - Intraday Resistance

    1.2632 - Weekly Pivot

    1.2590 - Intraday Resistance|Key Level|

    1.2474 - WS1

    1.2351 - Intraday Support

    Trading recommendations:

    Daytraders should consider opening sell orders from the current price levels with SL above the level of 1.2590 and TP at the level of 1.2474 with a possible extension to the level of 1.2351 on Friday.

    usdcad_h1.jpg

    Show full picture

    Sebastian Seliga neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree