USD/CAD - US Dollar Canadian Dollar, European Session - 16/05/08
1,0012. USD CAD is in a range between 0,9990 and 1,0070. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. The price should find a support above 0,9990. If the support is broken then the target will be 0,9750. We won’t take a position.
- Resistances
- 1,0020 - 1,0050
- Supports
- 0,9990 - 0,9975
This entry was posted on Friday, May 16th, 2008 at 7:52 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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