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)

1,0237. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0220. The uptrend should continue to gather momentum. The target is expected at 1,0500.
=> We could take a long position at 1,0230. We will put the stop loss below 1,0180 (-50 pips). The targets are 1,0310 (+80 pips) 1,0400 (+170 pips) 1,0500 (+270 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,0260 - 1,0310
Supports
1,0220 - 1,0180
updated 18 janv 2008 13:03 GMT +02:00

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