USD/CAD - US Dollar Canadian Dollar, European Session - 13/05/08
1,0071. USD CAD is in a range between 1,0000 and 1,0180. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0000 / 1,0180 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,0080 - 1,0180
- Supports
- 1,0030 - 1,0000
This entry was posted on Tuesday, May 13th, 2008 at 8:02 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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