empty
 
 
06.10.2015 08:26 AM
Technical analysis of USD/CAD for October 6, 2015

General overview for 06/10/2015 08:20CET

Another internal bullish divergence occurred in the hourly time frame. Now, the whole structure looks more bullish. As long as the low of the wave (i) green at the level of 1.3010 is not violated there is still a possibility for another upward wave progression.

Support/Resistance:

1.3455 - Swing High

1.3310 - WR1

1.3229 - Weekly Pivot

1.3127 - Intraday Resistnace

1.3063 - Intraday Support

1.3010 - Technical Support

1.3000 - WS1

Trading recommendations:

Day traders should consider opening buy orders from current market levels with SL below the level of 1.3000 and TP at the level of 1.3229.

This image is no longer relevant

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