TheBanker
Long

Forex Market Analysis and Trading Tips 12th July 2016 - USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
4 months ago

SUMMARY:
The USDCAD             pair bounced slightly during the course of the day on Monday, using the 1.3050 level as support. At this point in time, the market is looking bullish . The primary trend of USDCAD             is bullish on charts and price is trading below its Resistance trend line in its 4 hourly chart. In its daily chart the price is sustaining above 200 day SMA that are appears on the above image indicating uptrend of the pair. It is having an important resistance at the level of 1.3141 Support at the level of 1.3050. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.


STRATEGY:

USDCAD             is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.



Thank you guys for all your support, I am humbled to be apart of such an amazing community - your likes and comments are appreciated, and best of luck!

www.tradingsignalreviews.com
4 months ago
Trade active
To sign up for signals and keep updated with premium trades: www.tradingsignalreviews.com/shop
Looking for rebates on your trading? Ping me a message in PM
LongBreak
4 months ago
hold too ..
Reply
TheBanker PRO LongBreak
4 months ago
indeed chief!
Reply
Darup
4 months ago
That hit the SL quickly
+1 Reply
TheBanker PRO Darup
4 months ago
uhhhhhhh what are you talking about
Reply
Darup TheBanker
4 months ago
Well now it hit the SL twice
Reply
JPariz Darup
4 months ago
lol no it didn't. my hair isn't on fire. buy my ebook now?
Reply
TheSmartInvestor
4 months ago
will retracement hit 1.29000?
Reply
TheBanker PRO TheSmartInvestor
4 months ago
doesn't look that way!
Reply
fali4209
4 months ago
when you lgon till fella im in this time with you for sure :P
Reply
TheBanker PRO fali4209
4 months ago
glad we're on the same page, you bad omen! hahaha
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out