empty
 
 
04.04.2012 01:05 PM
USD/CAD Intraday Technical Analysis and Trading Recommendations for April 4, 2012

This image is no longer relevant

 

The 4H Linear Regression Channel Chart for USD/CAD illustrates the following:
This week the USD/CAD has successfully broken the lower limit of both Violet and Blue channels with a long bearish 4H candlestick.
This bearish breakout came after successful reversal pattern which is "Head & Shoulders" with its neckline at 0.9950.
This renders price levels 0.9950-0.9970 (which correspond to the lower limit of the broken channels and the neckline for the reversal pattern) a valid SELL entry.
The expected bearish movement will probably target at 0.9903 then 0.9850. However, trading above 1.0000 invalidates the current bearish scenario.

 

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2024
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
  • 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

推荐文章

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