empty
 
 
06.08.2014 10:48 AM
Technical analysis of USD/CAD for August 6, 2014

General overview for 06/08/2014 09:30 CET

The main secnario has been invalidated overnight due to wave 1 and wave 2 overlapse. In that case, the alternate impulsive scenario is in play with a very bullish outlook for this pair on almost every time frame. Nevertheless, due to the multiple bearish divergence, the corrective cycle on intraday time frames is about to start. This cycle has been labeled as red wave 4 and the maximum range of the corrective cycle is down to the level of 1.0870 where the demand zone is. When the correction is completed, new highs are expected.

Support/Resistance:
1.0991 - WR1
1.0977 - Intraday Resistance
1.0943 - Intraday Support
1.0892 - Weekly Pivot
1.0875 - Previous Wave Four Level

Trading recommendations:
Both swing and day traders should now set their mind to "buy the dips" mode and the critical zone for buying is at the level of 1.0870.

This image is no longer relevant
This image is no longer relevant

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada Juni kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback