USDCAD trading opportunity 05.08 - 05.12 2017

USDCAD trading opportunity 05.08 - 05.12 2017

7 мая 2017, 13:30
Aleksandr Belykh
0
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Welcome, friends!

USDCAD trading opportunity 05.08 - 05.12 2017


USDCAD has good trading opportunity next week 05.08 - 05.12 2017. Multi time frame research using my tools (Multi time frame navigation and research tool XY adviser, MA and Andrews Pitchfork) on Monthly and Weekly charts  has identified the key level 0.9898 (M), 0.9868 (W), and 0.9791 (D), where the price at first highly likely to bounce down from 0.9868 (W) to target down 0.9804 (W), because 0.9804 (W) is brocken that is confirmed by the last two bars on daily timeframe. Since the price is in the monthly support area of the level 0.9898 (M) is highly likely price to bounce up from strong support zone 0.9804 (W) 0.9791 (D) is a good idea, if the price do nont breaks through the key level zone 0.9804 (W) 0.9791 (D) down on daily time frame, the target up is 0.9931 (W).


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