USD/CAD analysis of the week (4h candlesticks)

By IBTimes Staff Reporter | December 24 2009 3:53 AM

The sell signal has been given by the exit of the bullish channel and then 1.05 has been broken too. The objective is at 1.0450. The break out of this level will give a new sell signal. We will advise to keep short positions as far as the parity is moving into its bearish channel. If an exit occur, we will stay neutral on the first time.

Sponsorship Link

Radical AfD Political Party Could Disrupt German Elections

Radical AfD Political Party Could Disrupt German Elections

British Pound traded at 7-week lows aganst US-Dollar as U.K. retail sales slump

British Pound traded at 7-week lows aganst US-Dollar as U.K. retail sales slump

Yen down after Japan's worst April trade deficit

Yen down after Japan's worst April trade deficit

Euro Set For Another Week of Disappointing Data

Euro Set For Another Week of Disappointing Data

In Depth

Iraq: The Fundamentalists’ War Against Vice Targets Alcohol And Prostitution

In Iraq, The Fundamentalists’ War Against Vice Targets Alcohol And Prostitution

Xbox One vs. PS4: A Full Specs Comparison

Xbox One vs. PS4: Comparing The Specs

New Government Report Calls Rana Plaza Garment Factory Collapse 'Culpable Homicide'

Bangladesh Gov't Calls Building Collapse 'Culpable Homicide'

Anonymous #opGTMO: Guantanamo Bay Protest Campaign Reaches Millions, Trends Worldwide On Twitter

Anonymous Guantanamo Protest Gaining Momentum, Twitter Followers

web counter