Sforex
Short

Loonie: If you want to stop bullish move of Loonie, stop ISIS

FX:USDCAD   U.S. Dollar / Canadian Dollar
352 1 6
USDCAD             finally test 1.0730

I am considering next step of Loonie.

Iraq tension still not solve soon, USA currently couldn't find any positive measure to stop ISIS             troops. As the result, Oil             price continues to jump up to 107; in my opinion, it could raise to 110 even 120 next months.

With raising of Oil             price, Loonie is supported significantly.

If market doesn't provide any lifebuoy for the Greenback, I think Loonie would keep its bullish move vs USdollar            

1.06 is next key support.

Moreover, price crossed through SMA200 : long term support . This confirms for bearish trend of USDCAD             .

If USDCAD             cross through 1.0730, I will hit SHORT position to 1.06 key support.

Hence, my strategy :

IF USDCAD             touches 1.07, open SELL position to 1.06 : 100 pips.

Please like my page for more analysis: https://www.facebook.com/sforexsingals?hc_location=timeline
agree
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out