empty
 
 
19.05.2014 12:00 PM
Technical analysis of USD/CAD for May 19, 2014

General overview for 19/05/2014 10:50 CET

The market is trading at the golden trendline support level just below the 61%Fibo retracement. If the count is correct and the market is developing a triangle wave (iv) green then a bounce should happen from the current price levels and the first target for the upward wave is at the level of 1.0890. However, if the intraday support at the level of 1.0851 is broken, then next support is at the level of 1.0834 and that situation might result in creating a bullish divergence on an hourly chart and a chance of an upside bounce is even greater.

Support/Resistance:

1.0813 - Wave (iii) Green Low

1.0834 - Technical Support

1.0851 - Intraday Support

1.0874 - Weekly Pivot

1.0890 - Intraday Resistance

1.0897 - WR1

Trading recommendations:

Daytraders should consider opening buy limit positions from the level of grey rectangle support with SL below the level of 1.0833 and TP at the level of 1.0890. Please notice that trading inside of a possible triangle formation is full of false breakouts and whipsaws.

This image is no longer relevant
Sebastian Seliga,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback