empty
 
 
26.09.2014 07:08 AM
Intraday analysis of USD/CAD for September 26, 2014

This image is no longer relevant

The pair breached the double top in the weekly chart, aiming at a 9-month swing high at 1.2222 in-between strong resistance at 1.1150 levels. The pair has support at 1.11, below this, 1.1054 and 1.0 are the strong support levels. In the near term until the pair closes above 1.098, use a dip to buy. On the bearish front, in case of a daily close below 1.098, it can fall to 1.0928 which is a strong support level in the short term. The weekly Stochastics is indicating some more upside steam left.

Support 1.11 1.1054 1.0

Resistance 1.1150 1.1185 1.22

This image is no longer relevant

For an intraday view, the prices are above 12ema and 34hrsma. The pair has support at 1.11 (8hr low), below this, 1.1093. The hourly support is at 1.1093, 1.1075 and 1.1035, below them the selling pressure will drive the pair towards 1.0987 and 1.0975. Above 1.1127, it can fly up to 1.1145, 1.1185 and 1.12 levels.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
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 $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

Recommended Stories

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