Global Interest Rates
Australia 5.25%
Canada 2.25%
EMU 3.25%
Japan 0.3%
Swiss 1%
England 3%
US 1%
Forex News
Subscribe Now
Advertisements

Technicals

EUR/CAD - Euro Canadian Dollar, European Session - 07/08/08

20 Aug, 2008 @ 11:31 pm EST
  • Comments comments
  • 0
  • Votes ?

1,6155. EUR CAD is in a consolidation after the last bullish movement. There is an horizontal range between 1,6135 and 1,6170. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum.
=> We could take a long position at 1,6150. We will put the stop loss below 1,6110 (-40 pips). The targets are 1,6200 (+50 pips) 1,6300 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,6170 - 1,6200
Supports
1,6150 - 1,6110

Click the button to vote for this article
Loading status ...
Comments
Currencies
arr_blue
11/21/2008
Last
Change
%change
Time
advertisement

forex strategies

hi there, Here are some great forex startegies and interesting Forex blogs for you all. [url]http://forextradingguru.blogspot.com/[/url] [url]h... Cyrus

Introduction

Hello fellow traders. My name is Stella. I am a Nigeriian and i live in Lagos. As a new forex trader, i want to tap from your trading experience. starangel067

forex directory

i like what you are doing here. I would want to see like a directory of fx companies and comparison and give readers some recommendations. A chat syst... fxguy

Advertisement
What can you do about the Falling US Dollar?

Trade It! Learn Forex Trading with a Free Practice Account from GFT.

Traditional Men’s Clothing

Since 1898 we’ve outfitted the worlds best dressed men. Woven silk ties, custom tailored shirts & more.

New york web design

new york web designers specializing in custom web design, joomla web design. Get a free quote today.

 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives