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 May 29, 2015

General overview for 29/05/2015 07:45 CET

A corrective cycle has been extended to the upside a little bit, but overall wave progression is still indicating an uncompleted downward cycle labeled as wave c purple on the chart. Two first target levels are already projected: the first one is the intraday support at the level of 1.2395 and the second one is grey rectangle area between the levels of 1.2356 - 1.2376. Any breakout lower would mean that the technical support at the level of 1.2312 will be tested.

Support/Resistance:

1.2546 - WR2

1.2458 - WR1

1.2395 - Intraday Support

1.2356 - 1.2376 - Support Zone

1.2312 - Technical Support

Trading recommendations:

Daytraders should consider opening sell orders only is the intraday support at the level of 1.2359 is violated. The SL orders should be placed very tight (20-30 pips) and TP orders should be placed at the level of 1.2321.

usdcad_h1.jpg

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