Search Our Site:  
December 3, 2012

Weekly forex post – USD/CAD 3rd – 9th December ,2012

Posted by: @ 04:20 GMT Category: Forex Market News,Signals,USD/CAD,Weekly Forex

Technical view – USD/CAD

SPOT USD/CAD Previous Week 0.9931 0.9961 0.9902 0.9942 (0.0015)

udscad weekly chart

Supports- 0.9925 0.9825 0.9680 Resistances- 0.9945 1.0040 1.0150 View- Bullish Price range- 0.9900- 1.0150

Trading call – USD/CAD

USD/CAD closed higher by 0.15% for the week. The pair has been able to hold above crucial support at 0.9910 & is currently in a near- term bullish trend although the medium & long- term trend continue to remain bearish. Close below 0.9910, the near- term trend will also turn bearish

For the week:

  • Hold on to long pos. initiated at 0.9910 with a stop at 0.9860 for a profit target of 1.0020
  • If the pair closes below 0.9900 OR breaks 0.9860, short the pair with a stop loss at 0.9920 for a profit target of 0.9700
Post ID: 2839
Please Read This Warning

These signals are given free for educational purposes only. We do not suggest anyone use real money for foreign exchange trading online and we do not accept any kind of responsibility for loss or damage resulting if you choose to ignore this warning.

Get Signals By E-mail:
Markets Hours
Auckland Open
Sydney Open
Tokyo Opening
Hong Kong Opening
Singapore Opening
Moscow Closed
Frankfurt Closed
Zurich Closed
London Closed
New York Closed
Chicago Closed
Vancouver Closing