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 June 9, 2016

General overview for 09/06/2016:

The projected target zone has been hit overnight and even slightly violated to the downside. Nevertheless, the growing bullish divergence between the price and momentum oscillator supports the view that an upside rally is the next possible wave development. The first confirmation comes with the intraday resistance at the level of 1.2721 breakout.

Support/Resistance:

1.2653 - Intraday Support

1.2678 - 1.2700 - Projected Target For Wave X

1.2721 - Intraday Resistance

1.2825 - WS1

1.2984 - Weekly Pivot

1.3054 - WR1

1.3188 - Wave (i) High

1.3210 - WR2

Trading recommendations:

Day traders should keep an eye on the level of 1.2460 and place all SL orders for buy orders just below this level. The market is still in the corrective cycle, but buying the dips is the way to trade it now.

analytics5758ffe2d4c30.jpg

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