1,2584. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,2500 (84 pips). The uptrend should continue to gather momentum.
=> We could take a long position at 1,2500. We will put the stop loss below 1,2430 (-70 pips). The targets are 1,2600 (+100 pips, risk/reward 1:1.4), 1,2740 (+240 pips, risk/reward 1:3.4) .
Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following):
4.
- Resistances
- 1,2600 - 1,2740
- Supports
- 1,2500 - 1,2440
![Baby Blue Ivy Carter was Conceived in Paris: Beyonce and Jay-Z Officially Announce Birth of Girl [VIDEO of 'Glory']](http://img.ibtimes.com/www/thumb/mainpage/214587-150110-jay-z-and-his-wife-beyonce-watch-the-new-jersey-nets-play-the-phoenix-.jpg)
