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10:01 Forex Signals - intraday strategy USD / CAD 30/09/10 | |
| Pair USD / CAD traded within the framework of the upward trend on the hourly chart. It is seen that the rate of USD / CAD is trading above the moving average with a period of 55 to the hourly chart (the level of 1.0315), 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 1.0351 in order to increase the resistance level at 1.0376 and if it is the breakdown on the basis of hours to 1.0404. Stoploss for this strategy can be placed at 1.0308. I recommend to open short positions after the breakdown of the results of hours of support at 1.0270 to reduce the level of support at 1.0250-44, and in case of breakdown up to an hour to 1.0223-17. Stoploss for this strategy can be placed at 1.0315. Given that the moving average and the location of the boundaries of technical figures over time is moving, it is necessary on the hourly chart to make adjustments of their position. I also recommend the open positions on the basis of hours, to avoid false breakouts. In the case of strong motion at the break of technical figures, I recommend to wait for the correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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