Skip to main content

Posts

Showing posts with the label USDCAD follows the ups and downs. Settles into range with 100/200 hour MA support

Russian rouble shut to five-year highs versus euro, shares up

USDCAD follows the ups and downs. Settles into range with 100/200 hour MA support

USDCAD follows the ups and downs. Settles into range with 100/200 hour MA support USDCAD trades above its 100/200 hour moving averages The USDCAD has had a down and up trading day. The initial move to the downside fell below a swing area between 1.2585 and 1.2591 on its way to the low for the day at 1.2567. That low briefly moved below the 38.2% retracement of the move up from the April 5 low at 1.2571, but momentum could not be sustained On the run higher, the price moved back above the near converged 100/200 hour moving averages (blue and green lines on the chart above), on its way to a swing area above between 1.26396 and 1.26452. Sellers leaned against that swing area (see red numbered circles). The price of the USDCAD has been trading between the hourly moving averages below and that swing area above since then. In between sits the 200 day moving average is found at 1.26243 which honestly has not been that great of a bias defining level. There has been a lot of ups and downs above

 


FOREX IN WORLD provide forex signals, MT4 and MT5 indicators, Strategies and Expert Advisors Bots. Our professional traders team years of experience in the financial markets. We scan the markets 24/7 every single day. We decided to build our company to help retail forex traders profit consistently every month using our expertise.

For any queries. Email us: forexinworld@gmail.com

Risk Warning: We always suggest our clients to carefully consider their investment objectives, level of experience, and risk appetite. try to money management with every trade.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Takes no responsibility for loss incurred as a result of our trading signals. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.