empty
 
 
31.07.2014 09:40 AM
Technical analysis of USD/CAD for July 31, 2014

General overview for 31/07/2014 08:30 CET

Last chance for bears to gain control over this market as the corrective cycle in purple wave 2 might be considered completed. Some reaction to the bearish divergence is needed and the level of 1.0878 should be watched closely by the bears as the breakout lower might lead to the test of the level of 1.0822. Nevertheless, the key invalidation line is at the level of 1.0960. If broken, the purple impulsive cycle is invalidated and higher prices will be seen.

Support/Resistance:

1.0960 - Key Level | Invalidation Level |

1.0814 - Intraday Resistance

1.0901 - WR2

1.0878 - Intraday Support

1.0869 - WR1

Trading recommendations:

Day traders should consider opening sell positions from the current price levels with SL above the level of 1.0915 and TP at the level of 1.0878 with a possible extension to 1.0822.

This image is no longer relevant
This image is no longer relevant
Summary
Urgency
Analytic
Sebastian Seliga
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback