empty
 
 
24.04.2012 05:13 PM
USD/CAD Intraday Technical Analysis and Trading Recommendations for April 24, 2012
This image is no longer relevant

Technical summary:

We are still looking for a little more upside movement in wave (iv) towards 137.65 before this correction is over. It should take wave (v) lower to 125.98 to end wave C of the expanded flat wave [2]. It's worth remembering, that after an expanded flat wave two an extended third wave should be expected. As long as support at 133.92 protect the downside, we should keep looking for wave (iv) to move a little higher, but from 137.65 or upon a break below 133.92 wave (v) lower should be expected.

Trading recommendation:

We will still look to sell the euro at 137.55 or upon a break below 133.92.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback