» USD/CAD - US Dollar Canadian Dollar, European Session - 27/03/08

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USD/CAD - US Dollar Canadian Dollar, European Session - 27/03/08

1,0172. There is an horizontal range between 1,0130 and 1,0210. Support and resistance are given by Bollinger bands. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0210 - 1,0230
Supports
1,0160 - 1,0130

Arnaud Jeulin

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This entry was posted on Thursday, March 27th, 2008 at 6:56 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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