Technical analysis of USD/CAD for September 28, 2016
September 28, 2016 7:41 amVideo
Latest News
- June 30, 2023 : GBP/USD Intraday technical analysis and significant key-levels. June 30, 2023
- June 30, 2023 : EUR/USD Intraday technical analysis and trading plan. June 30, 2023
- June 30, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. June 30, 2023
- Ethereum bullish continuation still in cards June 30, 2023
- USD/ZAR upwards continuation possible June 30, 2023
- USD/JPY: overbought signs June 30, 2023
- GBP/USD. Analysis for June 30th. The UK economy has managed to avoid a recession June 30, 2023
- EUR/USD. Analysis for June 30th. Americans are pleased with the decline in European inflation June 30, 2023
- Inverted head and Shoulders pattern in BIDU stock. June 30, 2023
- GBP/USD: trading plan for the US session on June 30 (analysis of morning deals). A good buy signal from 1.2611 June 30, 2023
- Technical analysis on Oil for June 30th, 2023. June 30, 2023
- Ichimoku cloud indicator analysis on Gold for June 30th, 2023. June 30, 2023
- BTC/USD: Will BlackRock break through SEC’s distaste for digital assets? June 30, 2023
- Ichimoku cloud indicator analysis on EURUSD for June 30th, 2023. June 30, 2023
- Rejection signs at $31,100 June 30, 2023
- DAX surpasses second bounce target June 30, 2023
- Trading Signal for GBP/USD for June 30, 2023: buy above 1.2695 (8/8 Murray – 21 SMA) June 30, 2023
- Gold strongly bullish, upside reversal in play June 30, 2023
- USD/CAD: upside invalidated June 30, 2023
- Bitcoin wants to end the trading week on a bullish note: what to expect over the weekend? June 30, 2023
General overview for 28/09/2016:
The golden trend line is still providing the dynamic support for the price on the intraday time frame, but now it is only a matter of time when this support will be violated. The bottom for the wave v of the wave (c) has been established at 1.3000, and now the market is in the corrective upward cycle. The next local high at 1.3275 has been labeled as the top for the wave X, but the growing bearish divergence supports the downside outlook, at least within the intraday time frame. Weekly pivot at 1.3145 seems to be the key level for bears.
Support/Resistance:
1.3253 – Intraday Resistance (Invalidation Level)
1.3191 – Intraday Support
1.3145 – Weekly Pivot
1.3041 – WS1
1.3000 – Technical Support
1.2901 – WS2
Trading recommendations:
Day traders should consider opening sell orders from the current price levels with SL just above the level of 1.3275. TP should be left open for now.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: