MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of USD/CAD for April 1, 2015

General overview for 01/04/2015 10:05 CET


The wave progression is developing as anticipated with the first impulsive wave to the upside already in place and ongoing corrective cycle. The main count indicates one more wave down in order to complete a simple abc purple correction and then uptrend resumption. The first projected target for correction completion is at the level of 1.2561. This count is invalidated only when the level of 1.2387 is violated. The mid-term outlook for swingtraders is still bullish as there are uncompleted impulsive waves to the upside.


Support/Resistance:


1.2561 - Weekly Pivot


1.2642 - Intraday Support


1.2704 - Intraday Resistance


1.2712 - WR1


1.2771 - WR2


1.2783 - Intraday Resistance


Trading recommendations:


Daytraders should consider opening sell orders for intraday scalp from current market levels with SL above the level of 1.2705 and TP at the level of 1.2561.


usdcad_h1.jpg


The material has been provided by InstaForex Company - www.instaforex.com