empty
 
 
22.09.2015 09:33 AM
Technical analysis of USD/CAD for September 22, 2015

General overview for 22/09/2015 09:30 CET

The golden trend-line dynamic resistance has been violated and market is about to test the level of 1.3309. Any breakout at this level will immediately invalidate the green impulsive count pushing the price towards next higher highs above the level of 1.3353 as wave 5 purple unfolds.

Support/Resistnace:

1.3353 - Swing High

1.3309 - Green Impulsive Count Invalidation Level

1.3264 - Intraday Resistance

1.3184 - Weekly Pivot

1.3173 - Intraday Support

Trading recommendations:

Daytraders and swingtraders should consider opening sell orders with SL above the level of 1.3309 and open TP for now. If a breakout takes place at the level 1.3309, no sell orders should be opened as the market might be heading towards a new high above the level of 1.3355.

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 $1000 more!
    In April 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
  • 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