Technical analysis of USD/CAD for November 16, 2015
November 16, 2015 7:50 am
General overview for 16/11/2015 08:10 CET
In an alternative count, the five wave impulsive upward structure looks completed, but there is still a chance for one more push higher to complete the wave c green. Only a sustained breakout below the level of 1.3222 would change the short-term outlook.
Support/Resistance:
1.3375 – WR1
1.3348 – Intraday Resistance
1.3298 – Weekly Pivot
1.3266 – Intraday Support
1.3250 – WS1
Trading recommendations:
Day traders should refrain from trading until better trading setup occurs.
The material has been provided by InstaForex Company – www.instaforex.com
General overview for 16/11/2015 08:10 CET
In an alternative count, the five wave impulsive upward structure looks completed, but there is still a chance for one more push higher to complete the wave c green. Only a sustained breakout below the level of 1.3222 would change the short-term outlook.
Support/Resistance:
1.3375 – WR1
1.3348 – Intraday Resistance
1.3298 – Weekly Pivot
1.3266 – Intraday Support
1.3250 – WS1
Trading recommendations:
Day traders should refrain from trading until better trading setup occurs.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: