TheBanker
Long

Forex Market Analysis and Trading Tips 11th July 2016 - USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
SUMMARY:
The USDCAD             pair bounced slightly during the course of the day on Friday, using the 1.3027 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 1 hourly chart. In its daily chart the price is sustaining above 100 day SMA that are appears on the above image indicating uptrend of the pair. It is having an important resistance at the level of 1.3059 Support at the level of 1.3027. 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.


GL

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Comment: almost there guys
Trade active
Trade closed: stop reached
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Do you mean short dude ? lol
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uhhhhhhhhhhh
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I am with you TheBanker. i have already made 350 pips with this analysis thanks!!
+1 Reply
TheBanker PRO berkilsever
Glad you're in this one mate! Lobster on you!
Reply
Awesome!!! ;)
+1 Reply
TheBanker PRO Surajjohal
Thank you my friend
+1 Reply
You still in this bro ?
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yes mate, just a pullback
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fali4209 TheBanker
I think it's going to go down more
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fali4209 TheBanker
My short is killing it right now :)
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I would close longs guys
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Mr banker please tell me you have closed your position
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yup will be long again from 1.29552 (idea to follow)
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fali4209 TheBanker
Good man I hate seeing people lose money
Reply
JPariz fali4209
lol he's selling into more drawdown now. excellent cad trading keep it up. Let's see that live statement from ur broker now. Obviously he's got multiple accounts giving himself good comments.
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