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 March 31, 2015

General overview for 31/03/2015 16:05 CET


The demand had broken through the grey rectangle zone between the levels of 1.2700 - 1.2721 and now it looks like the five wave impulsive wave progression to the upside is completed. If it is so, then the corrective cycle should be in progress now with the first wave a purple done already and waves (b and c purple) are next to unfold. The first target for the corrective cycle to hit is the zone between the levels of 1.2682 - 1.2650. Please notice that it might still be just a sub-wave of much larger corrective cycle coming in.


Support/Resistance:


1.2833 - Swing High


1.2783 - Intraday Resistance


1.2771 - WR2


1.2712 - WR1


1.2704 - Intraday Support


1.2682 - 1.2650 - Target Zone for Corrective Cycle


Trading recommendations:


Daytraders should exit the buy orders at the current price levels and wait for the corrective cycle to complete before opening any more buy orders. The situation will be monitored closely for next trade opportunity on this pair.


usdcad_h12.jpg




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