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 2, 2016

General overview for 02/09/2016:

The corrective structure is wave 4 purple might be in progress now. Moreover, the clear bearish divergence supports the view, that the top is in place and now a correction should develop. This means the recent rally might be either wave 3 of the bullish progression or wave c purple of a more complex and time-consuming corrective cycle of a higher degree. Any violation of the intraday support at the level of 1.2965 will invalidate the impulsive bullish scenario.

Support/Resistance:

1.2777 - WS2

1.2831 - Wave 2/b Bottom

1.2907 - WS1

1.2958 - Weekly Pivot

1.3032 - 61%Fibo

1.3045 - Intraday Support

1.3088 - WR1

1.3144 - Intraday Resistance

1.3139 - WR2

Trading recommendations:

All buy orders recommended last week should now move their SL to the level of 1.3087 and leave TP still open.

analytics57c943dc0e9e6.jpg

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