empty
 
 
07.02.2017 11:35 AM
Technical analysis of USD/CAD for Febuary 7, 2017

General overview for 07/02/2017:

The overbalance level at 1.3101 had been easily broken and now the price is going vertically upward, which is a typical behavior for wave three. The next target for the bulls is at 61%Fibo at the level of 1.3227 and in a case of an extension, there is still next resistance at the level of 1.3297. This scenario is invalidated only when the top of the wave -i- at the level of 1.3101 is clearly violated.

Support/Resistance:

1.2925 - WS1

1.2967 - Technical Support

1.3050 - Weekly Pivot

1.3125 - WR1

1.3136 - Intraday Support

1.3227 - 61%Fibo

1.3246 - WR2

1.3297 - 78%Fibo

Trading recommendations:

All buy order from yesterday should move TP to the level of 1.3227 or to the level of 1.3297.

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 $1000 more!
    In June we raffle $1000 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