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 EUR/CAD for December 16, 2015

EURCAD_INSTA.png

The EUR/CAD pair has been moving upwards providing no signs of a potential trend reversal.

The Fibonacci applied to an ascending channel breakout point shows that resistance was broken. The final target at 0% Fibonacci has not been reached, while 23.6% resistance level was broken.

As the price rejected the support area, consider buying EUR/CAD, while it is near S1 (1.4977), targeting R4 (1.5248). Stop loss should be placed well below S2 (76.4% retracement level).

Support: 1.4977, 1.4913

Resistance: 1.5028, 1.5080, 1.5144, 1.5248

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