| Forex Signals 25.06.2007 |
Headlines: Will the USD change direction against CAD?
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Long signal |
Short signal |
| USD/CAD |
Buy a break of resistance level at 1.0800
Buy a break of resistance level at 1.0760
Buy a bounce at 1.0665
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Sell a break of support level at 1.0665
Sell a break of support level at 1.0590
Sell if cannot break the resistance 1.0760
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The US dollar may continue the uptrend against the Canadian dollar; according to technical charts traders predict the price movements by using many time frame analysis, and oscillators like RSI, which gives us bullish signals. The daily chart shows that the USD/CAD recently breaks the downtrend line and fail to make lower then the previous support 1.0547 and a bullish market started. |
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Trends:
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Primary Tendency
The primary tendency breaks the bearish trend line that started from 6 march 2007
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Secondry Tendency
The pair swings after reaching 1.0547
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Minor Tendency
The Minor trend is in an uptrend
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Technical levels:
Resistance:
1.0800
1.0760
Support:
1.0665
1.0590
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