US Dollar Canadian Dollar (USD/CAD) - 18/01/2008 - Archive

USD/CAD - US Dollar Canadian Dollar

USD/CAD - US Dollar Canadian Dollar

Short term (Intraday)

1,0279. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a support above 1,0225. The uptrend should continue on 1,0500 (220 pips) resistance.
=> We could take a long position at 1,0260. We will put the stop loss below 1,0200 (-60 pips). The targets are 1,0400 (+140 pips) 1,0500 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,0310 - 1,0350
Supports
1,0260 - 1,0200
updated 18 janv 2008 05:51 GMT +02:00

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