empty
 
 
22.03.2012 04:23 PM
USD/CAD Intraday Technical Analysis and Trading Recommendations for March 22, 2012

This image is no longer relevant

 

The USD/CAD currency pair has been moving sideways within a narrow range between 0.9870-0.9950 for two weeks until today.
Today we had a bullish breakout above 0.9950 which corresponds to the upper limit of both the violet and blue channels which is considered a bullish signal.
The USD/CAD has an important resistance area between 0.9998-1.0025 which is expected not to be broken before retesting the backside of the broken channels mentioned above.


Based on the previous analysis:


There's a bullish opportunity at re-testing level 0.9950 with SL 4H closure below 0.9905.
Profits should be taken at 0.9970, 1.0020 and 1.0060.

 

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Mohamed Samy
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 $9000 more!
    In May we raffle $9000 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