US Dollar Canadian Dollar (USD/CAD) - 29/01/2008 - Archive

USD/CAD - US Dollar Canadian Dollar

USD/CAD - US Dollar Canadian Dollar

Short term (Intraday)

1,0045. USD CAD is in a consolidation after the last bearish movement. USD CAD is in a range between 1,0015 and 1,0130. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,0000. If the support is broken then the target will be 0,9900 (145 pips).
=> We could take a short position at 1,0050. We will put the stop loss above 1,0080 (-30 pips). The targets are 1,0000 (+50 pips) 0,9900 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,0065 - 1,0130
Supports
1,0015 - 1,0000
updated 29 janv 2008 05:51 GMT +02:00

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