US Dollar Canadian Dollar (USD CAD) analysis

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updated analysis since 17 h

USD/CAD - US Dollar Canadian Dollar

USD/CAD - US Dollar Canadian Dollar

Short term (Intraday)

1,0137. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,0000 / 1,0250 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,0150 - 1,0180
Supports
1,0100 - 1,0000
Long term chart
USD/CAD - US Dollar Canadian Dollar
updated 09 mai 2008 06:05 GMT

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Sat, 10 May 2008 00:00:21 +0200
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