Forex

Short term (Intraday)
1,0099. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0100. If the support is broken then the target will be 1,0000 (100 pips).
=> We could take a short position at 1,0100. We will put the stop loss above 1,0130 (-30 pips). The targets are 1,0050 (+50 pips) 1,0000 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,0110 - 1,0130
Supports
1,0090 - 1,0050
Long term chart
USD/CAD - US Dollar Canadian Dollar

updated 26 juin 2008 05:28 GMT