Thread: Usd/Cad
AUD/USD had a rough day on Thursday as it both shot straight up, and then fell apart. The original move was in reaction to the EU announcement of a rate cut, something the market desperately wanted. The initial reaction was short-lived though as the statement was trumped by the news conference that Chairman Draghi gave afterwards.
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zainm6050 (2019-06-09)
current price of this pair is 1.0189. i think its better to take long position for this pair bcz 20 ema cross the 50 ema and price is below 20 ema also.the economic condition of usd is more stronger than cad. rsi and stoch is in mid level.
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zainm6050 (2019-06-09)
If a M15 close above 1.0200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0100 sell only and do not buy. If price closes back above it again do nothing
The range 1.0200 and 1.0100 is neutral area, any trade done in between is personal decision and not part of this analysis
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zainm6050 (2019-06-09)
movements of the pair and as we can see from the chart is trading now above the level of 1.0050 , and that's will lead the pair to head to 1.0000 just if the pair succeeded in breaking the level of 1.0050 , Successful trade for all .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
zainm6050 (2019-06-09)
If a M15 close above 1.0200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0000 sell only and do not buy. If price closes back above it again do nothing
The range 1.0200 and 1.0000 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
zainm6050 (2019-06-09)
by taking a look on the chart which showing that the pair has closed it's daily candle under the level of 1.0100 , and that's mean that the down trend is still standing and the pair might reach the level of 1.0065 this night and maybe before starting of the europe session .
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zainm6050 (2019-06-09)
USDCAD continues its uptrend. The price may encounter resistance at 1,0196,1,0269,1,0342. The rally will go on until the price breaks below 1,0075. In this case we will get either a flattish formation (probably within 1,0524-1,0437) or a downswing with the closest targets around 1,0050, 1,0155, 0,9776.
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zainm6050 (2019-06-09)
the chart is showing that the pair has closed it's daily candle under the level of 1.0100 , and that's mean that the down trend is still standing and the pair might reach the level of 1.0070 this night in the asian session . good luck friends .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
zainm6050 (2019-06-09)
If a M15 close above 1.0500 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0100 sell only and do not buy. If price closes back above it again do nothing
The range 1.0500 and 1.0100 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
zainm6050 (2019-06-09)
NFP was not great, EUR/USD will probably make a correction downwards today, which works well with the idea of USD/CAD bouncing up.
So far it's performing as planned, and I will keep a close eye on it. If it reverses the loss is minimal either way. So far, it's a good setup.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
zainm6050 (2019-06-09)
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