Technical analysis of USD/CAD for November 23, 2015
November 23, 2015 11:10 amVideo
Latest News
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
General overview for 23/11/2015 11:25 CET
There are still two possible scenarios for this pair. Scenario one describes the main count, which is a triple-three complex corrective cycle to the upside labeled as WXYXXZ and it is a part of the triangle wave B purple. Scenario two describes an alternative count, which is an impulsive wave progression to the upside where wave (i) and (ii) had been completed and now the market is in wave (iii) stage. This means we should have see a spike up above the swing top at the level of 1.3254.
Support/Resistance:
1.3454 – Swing High
1.3443 – WR2
1.3403 – WR1
1.3369 – Intraday Support
Trading recommendations:
Day traders should consider placing buy orders from current price levels, with SL below the level of 1.3380 and TP set at the level of 1.3447.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: