Money Grows Network

Coming Soon

Facebook / Twitter / Instagram

Facebook
Twitter
Instagram

Copyright © Money Grows Network | Published By Gooyaabi Templates | Powered By Blogger
Design by WebSuccessAgency | Blogger Theme by NewBloggerThemes.com

Archive

Powered by Blogger.

Welcome To Money Grows Network

Tags

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*

USD/CAD Ends Its Drop!

analytics6127b9ea6c2fe.jpg

USD/CAD registered an impressive drop recently. Now it has reached a demand zone or a support zone. 1.2606 - 1.2580 area was seen as a resistance area or as a supply zone. The pair has dropped from above 1.2900 psychological level and now it has touched this zone.

It has failed to retest the uptrend line signaling strong buyers. USD/CAD could develop an important growth as long as it stays above the uptrend line.

Trading Conclusion!

Technically, USD/CAD was expected to increase after the last massive drop. It could increase as long as it's located above the uptrend line. The 1.2606 - 1.2580 was seen as support or a demand zone from where the price could start increasing again.

1.2700 psychological level is seen as a first potential upside target.

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