empty
 
 
10.12.2015 10:38 AM
Technical analysis of USD/CAD for December 10, 2015

General overview for 10/12/2015 09:15 CET:

The bigger time frame outlook with the swing high at the level of 1.3621 suggests a further decline might happen any time now. Nevertheless, the confirmation of the top in place will be presented when the market breaks below the level of 1.3379. Until that happens, the market might be still range bounded as investors will be closing the buy orders at the best prices they can get.

Support/Resistance:

1.3621 - Swing High| Intraday Resistance|

1.3555 - WR3

1.3517 - Technical Support |Intraday Support|

Trading recommendations:

Yesterday sell orders had hit the projected TP level and were profitable.

Today, day traders should refrain from trading and wait for a better trading setup to occur, because current risk to reward ratio is too big for any trade.

This image is no longer relevant

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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