Page 8 of 13 FirstFirst ... 678910 ... LastLast
Results 71 to 80 of 125
  124 124 Attachment(s)    

Thread: Technical analysis of USD/CAD By Instaforex

  1. #71
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 6, 2015 By Instaforex

    General overview for 01/06/2015
    The corrective cycle continues in this pair and the price is bouncing slightly after hitting 38.6%Fibo retracement. That means the idea of a corrective structure in the shape of a triangle is still valid and a first leg down of this pattern has been done. The intraday golden trend line has been broken as well and this is a first clue that the market is making another leg to the upside, wave b purple.

    Trading recommendations:
    The buy orders from yesterday should be still kept open. SL below the level of 1.1728 and TP at the level of 1.1842
    Technical analysis of USD/CAD By Instaforex-uuuu-jpg

  2. #72
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 8, 2015 By Instaforex

    General overview for 08/01/2015
    The internal corrective cycle in the last impulsive wave to the upside is in progress and the suggested corrective pattern is a triangle. Still the projected orange zone is the valid target for wave 5 purple before any meaningful decline will happen. Please note� that the market is still in the bullish zone and only a breakout below the weekly pivot at the level of 1.1752 would temporary change the intraday bullish outlook.

    Trading recommendations:
    Yesterday's buy orders has been stopped out for a small loose but overall bias is still bullish as there is one more wave to complete the wave development. Target is still the orange rectangle zone between the levels of 1.1897 - 1.1912.
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

  3. #73
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 13, 2015 By Instaforex

    General overview for 13/01/2015
    The projected target for wave 5 purple has been hit, but the market is continuing to make higher highs as the impulsive structure looks incomplete yet. This is why the overall scenario has been a little changed and the top for wave iii black has been established at the level of 1.1867 now. Please notice the momentum oscillator is starting to diverge from price and bearish divergence is building now. The current scenario expects an internal corrective sub-cycle in wave (iv) blue and then another high will be made.

    Trading recommendations:
    The target zone for wave 5 purple has been met and now the corrective decline might happen very soon. One more wave to the upside is being expected before any meaningful corrective cycle will start.
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

  4. #74
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 14, 2015 By Instaforex

    General overview for 14/01/2015
    The wave progression is developing just as anticipated with the latest three wave corrective cycle in wave -iv- blue being fully expected. Currently the correction looks completed and another impulsive wave to the upside is due. Please notice that the target for wave 5 purple might reach the even level of 1.2000, but the next weekly resistance level is at the level of 1.2200. Moreover, please notice there is a bearish divergence building on momentum oscillator as well - the deeper corrective cycle is imminent.

    Trading recommendations:
    The daytraders should keep an eye on 1.2000 round number, but there is still no confirmation, that the deeper corrective cycle has begun
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

  5. #75
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 15, 2015 By Instaforex

    General overview 15/01/2015
    The market made another higher high, just as anticipated, and currently the corrective cycle might be developing. To confirm this Elliott wave count, the price must break out below the intraday support at the level of 1.1923 and continue lower. Moreover, breaking out of the golden channel is another bearish sign and there is a possibility that the weekly pivot at the level of 1.1829 might be tested at some point of time. Nevertheless, please, remember that the market is in the corrective cycle wave 4 green and in the mid-term there is another wave to the upside coming once the correction is finished.

    Trading recommendations:
    Daytraders should consider opening sell stop orders from the level of 1.1921 with SL above the level of 1.2000 and TP at the level of 1.1829.
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

  6. #76
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 16, 2015 By Instaforex

    General overview for 16/01/2015
    The market keeps making a corrective structure, as it was anticipated yesterday, and the first possible pattern for the corrective structure in wave 4 green might be a triangle pattern. This idea has been drawn on hourly chart and only a strong, clear breakout below the level of 1.1802 might invalidate the pattern. That would mean the market is making a different corrective structure and it could get complex and time consuming. Nevertheless, the bias is still bullish as there are unfinished impulsive waves to the upside.

    Trading Recommendations:
    Daytraders and swingtraders should consider buying the dips in this market with SL below the level of 1.1802 and wait for the corrective cycle to complete.
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

  7. #77
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 19, 2015 By Instaforex

    General overview for 19/01/2015
    The corrective cycle in shape of the triangle formation in the corrective wave 4 green is in progress and now another wave down is being anticipated. This kind of a corrective structure might get complex and time consuming, so caution is advised. Only a sustained breakout below the intraday support at the level of 1.1802 invalidates the view.

    Trading recommendations:
    Daytraders and swingtraders should consider buying the dips in this corrective structure as long as the level of 1.1802 is not violated. SL should be placed below the level of 1.1799 and TP at the level of 1.2100 with a possible upside extension.
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

  8. #78
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 23, 2015 By Instaforex

    General overview for 22/01/2015
    The last impulsive wave to the upside labeled as wave -v- blue might have been completed as an ending diagonal pattern. This would mean the market might now start a more deeper corrective cycle in the wave iv black before one more wave to the upside will be done. The key level for intraday traders is the intraday support at the level of 1.2310, and any breakout lower would mean the top for the wave iii black is in place and corrective cycle has started.

    Trading recommendations:
    Daytraders and swingtraders should now close all buy positions that were still open and wait for corrective cycle to complete before opening another buy positions for last wave to the upside.
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

  9. #79
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 27, 2015 By Instaforex

    General overview for 27/01/2015
    The recent price action to the upside is rather choppy and does not look like a typical impulsive wave, but this kind of wave development might be a part of a structure called Ending Diagonal. The other clue comes from the bearish divergence between the price and momentum, that is diminishing as the price makes higher highs. That kind of market behavior might suggest that a local top for this market is near and any breakout below the level of 1.2309 would be first confirmation of this possibility.

    Trading recommendations:
    As long as the price stays above the level of 1.2309, choppy trading conditions are expected and daytraders should consider opening only a buy orders with SL just below this level, using any scalping strategy to gain 20-30 pips. Please, watch the golden channel breakout for a possible short trade opportunity if the level of 1.2400 is clearly violated.
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

  10. #80
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Technical analysis of USD/CAD for January 28, 2015 By Instaforex

    General overview for 28/01/2015
    The impulsive wave progression might have been finished with an ending diagonal structure in the last wave v black, and now the market might continue to go lower. Nevertheless, any golden trend line breakout and a new high above the level of 1.2498 invalidate this point of view and make the next weekly resistance at the level of 1.2698 in view.

    Trading recommendations:
    After the golden trend line breakout daytraders might consider opening sell orders with SL above the level of 1.2501 and TP at the level of 1.2310.
    Technical analysis of USD/CAD By Instaforex-usdcad_h1-jpg

Similar Threads

  1. Technical analysis of EUR/JPY By Instaforex
    By painofhell in forum Technical analysis
    Replies: 248
    Last Post: Today, 05:06
  2. Technical analysis of GBP/JPY By Instaforex
    By painofhell in forum Technical analysis
    Replies: 6
    Last Post: 05-15-2015, 18:05
  3. Technical analysis of USD/CHF By Instaforex
    By painofhell in forum Technical analysis
    Replies: 3
    Last Post: 01-29-2015, 20:23
  4. Technical analysis of USD/JPY By Instaforex
    By painofhell in forum Technical analysis
    Replies: 2
    Last Post: 12-10-2014, 17:04
  5. Technical analysis of GBP/CHF By Instaforex
    By painofhell in forum Technical analysis
    Replies: 1
    Last Post: 12-03-2014, 17:17

Tags for this Thread

100, abc, analysis, breakout, change, channel, closing, color, divergence, elliott wave, forecast, forex, high, indicator, instaforex, intraday, level, low, main, news, oscillator, pivot, price action, profit, resistance, scalp, scalping, short term, signal, simple, stop, strategy, support, technical analysis, test, time, trading, trailing, trend, upside, usd, usd/cad

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •