InstaForex - Analytics

    InstaForex

    734.75 6.25/10
    62% of positive reviews
    Real

    Technical analysis of USD/CAD for April 24, 2015

    General overview for 24/04/2015 09:00 CET

    As anticipated yesterday the corrective cycle in wave c purple is in progress. As the market breaks all support levels and it is heading to test the swing low at the level of 1.2088. Please notice that the corrective cycle in wave 4 green is almost completed and the building bullish divergence on momentum oscillator supports this view. Nevertheless, some lower levels might be hit if the intraday support at the level of 1.2088 is violated. Next support is seen at the level of 1.20000.

    Support/Resistance:

    1.2000 - Round Number Support

    1.2088 - Intraday Support/Swing Low

    1.2180 - Intraday Resistance

    1.2279 - Weekly Pivot

    Trading recommendations:

    Sell stop orders from yesterday should be kept open as the market approaches TP at the level of 1.2088. SL level might be lowered just above the level of 1.2180 to lock some gains.

    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