Main » 2010 » May » 18 » Forex Signals - Intraday Strategy for USD / CAD 18/05/10
09:35 Forex Signals - Intraday Strategy for USD / CAD 18/05/10 | |
| A pair USD / CAD traded within the downtrend on the hourly chart to the transition probability in the ascending. It shows that the rate of USD / CAD is trading above moving average with period 55 on the hourly chart (the level of 1.0330), which generally contributes to the prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 1.0364 in order to increase the resistance level at 1.0384 and if it is the breakdown on the basis of hours to 1.0411. Stoploss if this strategy can be placed at the level of 1.0335. I recommend open short positions after a breakdown on the basis of hours support at 1.0325 to reduce the level of support at 1.0308 and if it is the breakdown on the basis of hours to 1.0285. Stoploss if this strategy can be placed at the level of 1.0355. Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend the open positions on the basis of hours, to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open attitude towards breakdown. Analyst "Forex Analytics" Alex Sedyshev
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