empty
 
 
23.03.2012 09:40 AM
USD/CAD Survey according to the Point and Figure Charting for March 23, 2012

 

Sellers have failed to overcome the support level 0.989 where the main line of the ascending trend is drawn. As a result the upside movement was resumed.

After the breakdown of the resistance level 0.998, the pair provided a strong signal for BUY-deals. At the moment the main target for purchasers is seen at the resistance level 1.005.

The point 0.990 is considered as a support level. In case it has been passed through, the trend will change to downside one and the current signal for BUY-deals will be cancelled.

Today it is recommended to buy the pair.

 

This image is no longer relevant

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback