empty
 
 
22.01.2016 10:56 AM
Technical analysis of USD/CAD for January 22, 2016

General overview for 22/01/2016:

An alternative count has been added to the scenario in order to indicate the next best count if the main count is invalidated. The invalidation line is seen at the level of 1.4187 ( wave (1) top), so any violation would mean the top for the wave (50 blue and 5 black) might be in place.

Support/Resistance:

1.4835 - WR1

1.4690 - Local High

1.4445 - Weekly Pivot

1.4323 - Intraday Resistance

1.4292 - WS1

1.4226 - Intraday Support

1.4187 - Invalidation Level

Trading recommendations:

Day traders should refrain from trading in this market and wait for a better trading setup to occur.

This image is no longer relevant

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 $5000 more!
    In November we raffle $5000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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