empty
 
 
10.08.2012 04:31 PM
USD/CAD Intraday Technical Analysis and Trading Recommendations for August 10, 2012

This image is no longer relevant

The USD/CAD pair movement was sluggish bearish during the previous days of consolidation which is manifested within a slightly bearish direction of the Yellow & Violet channels depicted on the chart. In fact, still there was no significant price action until today when the USD/CAD pair has broken the upper limit of the Yellow & Blue channels around 0.9930.
Yesterday, the lower limit of the Violet & Yellow channels around price level of 0.9915 was considered as an intraday Support for the GBP/USD pair which provided a valid BUY opportunity yesterday with TP levels located at 0.9950, 1.0030 then 1.0080.
Price zone of 0.9920 - 0.9930 which corresponds to the backside of the upper limit of the Yellow channel is regarded as an intraday Support level for the pair. If it is retested successfully, this will probably allow the USD/CAD pair to make a bullish movement towards 0.9995 initially.
Bearish breakdown of 0.9880 invalidates the bullish scenario for the current time.

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 $10000 more!
    In January we raffle $10000 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