Technical analysis of USD/CAD for Febuary 11, 2014
February 11, 2014 8:05 amVideo
Latest News
- Forecast for EUR/USD on May 8, 2024 May 8, 2024
- Forecast for GBP/USD on May 8, 2024 May 8, 2024
- Forecast for AUD/USD on May 8, 2024 May 8, 2024
- Outlook for GBP/USD on May 8. The pound has stopped rising, but the Bank of England meeting could change that May 8, 2024
- Outlook for EUR/USD on May 8. Another boring day May 8, 2024
- The Fed is discussing the possibility of another rate hike May 8, 2024
- You can’t scare the euro May 8, 2024
- Technical Analysis – AUDUSD stays trapped below spring’s border May 7, 2024
- Analysis of GBP/USD pair on May 7th. The market fluctuates, and the British currency holds steady May 7, 2024
- Analysis of EUR/USD pair on May 7th. The market sleeps and awaits important messages May 7, 2024
- Trading Signals for BITCOIN (BTC/USD) for May 7-9, 2024: sell below $64,000 (200 EMA – 5/8 Murray) May 7, 2024
- Video market update for May 07, 2024 May 7, 2024
- USD/JPY: Simple trading tips for novice traders on May 7th (US session) May 7, 2024
- GBP/USD: Simple trading tips for novice traders on May 7th (US session) May 7, 2024
- EUR/USD: Simple trading tips for novice traders on May 7th (US session) May 7, 2024
- GBP/USD: trading plan for the US session on May 7th (analysis of morning deals). Pound attempts to be bought May 7, 2024
- Trading Signals for GOLD (XAU/USD) for May 7-9, 2024: buy above $ 2,318 (200 EMA – 5/8 Murray) May 7, 2024
- Weekly Technical Outlook – USDJPY, GBPUSD, USDCAD May 7, 2024
- EUR/USD: trading plan for the US session on May 7th (analysis of morning deals). The euro remains within the channel May 7, 2024
- Technical Analysis – EURUSD returns within a sideways range May 7, 2024
General overview for 11/02/2014 06:10 CET
The golden trend line has been broken and the red bearish count has been invalidated. This means that wave (ii) purple will be either irregular or running correction and when it is finished the downtrend should resume. Only a new high would invalidate this scenario. The target level for wave Y brown of wave (ii) is 61%Fibo at the level of 1.1124 (Running Flat) or the grey rectangle area between the levels of 1.1135 – 1.1148. The wave might get slightly extended and hit 78%Fibo at the level of 1.1162.
Support/Resistance:
1.1222- Swing High
1.1206 – WR2
1.1167 – 78%Fibo
1.1135 – 1.1148 – Demand Breakthrough Zone
1.1124 – 61%Fibo
1.1089 – Intraday Resistance
1.1060 – Intraday Support
1.1042 – Weekly Pivot
Trading recommendations:
Buy stop orders should be placed at the level of 1.1091 with SL below the level of 1.1059 and TP at the level of 1.1124 and 1.1148.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: