empty
 
 
02.12.2014 12:52 PM
Technical analysis of USD/CAD for December 2, 2014
This image is no longer relevant

Trading recommendations:

  • According to the previous events, the support and resistance of the USD/CAD pair have been set at the levels of 1.1324 and 1.1401 respectively. So, the pair is going to move between the levels of 1.1340 and 1.1393.
  • Therefore, sell below the price of 1.1401 with the first target at 1.1360, then it will be gone towards 1.1325 in order to test this strong support.
  • If the trend fails to close below the support of 1.2324, so buy above 1.2324 with the target at 1.1366, then at the price of 1.1400.

Observations:

  • Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
  • Key level is at 1.1355.
  • History will probably repeat itself at this level again.

Intraday technical levels:

Date:2/12/2014

Pair:USD/CAD

  • R3: 1.1563
  • R2: 1.1510
  • R1: 1.1418
  • PP: 1.1365
  • S1: 1.1273
  • S2: 1.1220
  • S3: 1.1128
Summary
Urgency
Analytic
Mourad El Keddani
Start trade
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 $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

Recommended Stories

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