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 September 9, 2015

USDCADH1.png

Trading recommendations:

  • The resistance for the USD/CAD pair is seen at 1.3225 and a minor resistance has been placed at the level of 1.3262 (61.8% Fibonacci retracement levels). Furthermore, it will be quite profitable to sell below 1.3262 for retesting the next objectives in order to call for a bearish market from the last wave of 1.3260. Therefore, sell deals are recommended below 1.3262 with targets at 1.3206. The bias will resume towards the level of 1.3172 to reach a strong support on 9th of September 2015. On the contrary, the key level is seen at 1.3262 today. Consequently, the ascending movement will probably be higher than 1.3262 with a target at 1.3301.

Observations:

  • The USD/CAD pair found support at 1.3172. Moreover, the weekly support 1 is seen at the same level, but the double bottom was already formed at 1.3162.
  • Major resistance is seen at 1.3301.
  • We expect a new range about 238 pips this week.
The material has been provided by InstaForex Company - www.instaforex.com