Today’s Forex Guide

USD/CAD 4-hour: Moving towards the key support level


Mar.26.2015

3:30 pm (EST) Update

NZD/USD 4-hour Forex Dance Floor
NZD/USD 4-hour: Consolidating.

Invest Diva positioning: No positions.

Technical reasons why: The pair is consolidating around the pivot level at 0.7617 above the Ichimoku's cloud. The RSI is at the neutrality area.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
0.7823 0.7904 0.8066
0.7222 0.7085


USD/CAD 4-hour Forex Dance Floor
USD/CAD 4-hour: Moving towards the key support level.

Invest Diva positioning: Short positions below 1.2524 with targets at 1.2390 and 1.2237 in extension.

Technical reasons why: The pair moves towards our first bearish target at the key support level at 1.2390 below the Ichimoku's cloud. The RSI keeps moving below the neutrality area.

Alternative Scenario: Above 1.2524 look for further upside with 1.2659 and 1.2747.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
1.2390 1.2524 1.2747
1.2337 1.2659

 

unemloyment claim job hiring

Back to Top

Learn How to Grow Your Wealth