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

FX:USDCAD   U.S. Dollar / Canadian Dollar
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.

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.


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.

Comment: almost there guys
Trade active
Trade closed: stop reached
Mr banker please tell me you have closed your position
TheBanker fali4209
yup will be long again from 1.29552 (idea to follow)
fali4209 TheBanker
Good man I hate seeing people lose money
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.
I would close longs guys
You still in this bro ?
TheBanker fali4209
yes mate, just a pullback
fali4209 TheBanker
I think it's going to go down more
fali4209 TheBanker
My short is killing it right now :)
Awesome!!! ;)
+1 Reply
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