MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of USD/CAD for November 11, 2015

USDCADH4.png

Overview:

  • The USD/CAD pair rebounded at the level of 1.3215 and showed signs of strength after breaking it. Additionally, a minor resistance was broken and turned into support at the same key level (1.3215). Equally important, the price has been set above the support since this morning. Consequently, the pair has already formed the strong support at 1.3215 today. Besides, the double bottom is going to set around this area. Moreover, the price has still been trading between 1.3379 and 1.3215. Therefore, the USD/CAD pair started showing the signs of a bullish market, so the market indicates the bullish opportunity at the level of 1.3215 with the first target of 1.3319 and continues towards the level of 1.3215 again. On the other hand, the stop loss should always be taken into account, hence it will be profitable to set your stop loss at the 1.3167 price.
The material has been provided by InstaForex Company - www.instaforex.com