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 November 6, 2014

General overview for 06/11/2014 12:30 CET:


The clear bearish divergence between the price and momentum oscillator is starting to get more influence on price behavior. The downward price development can not be ruled out yet and any violation of the level of 1.1338 invalidates current impulsive wave progression. In that case, the level of 1.1466 will be the top for wave (i) green and the corrective cycle might retrace even to the level of 1.1262 before the uptrend will eventually resume.


Support/Resistance:


1.1466 - Swing High


1.1462 - WR2


1.1380 - WR1


1.1368 - Intraday Support


1.1338 - Wave (ii) Green Bottom


Trading recommendations:


The advised TP level has been hit ( and broken) and now day traders and swing traders should wait for the corrective cycle to complete before opening buy positions again.


usdcad_h1.jpgThe material has been provided by InstaForex Company - www.instaforex.com