1,0279. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a support above 1,0225. The uptrend should continue on 1,0500 (220 pips) resistance.
=> We could take a long position at 1,0260. We will put the stop loss below 1,0200 (-60 pips). The targets are 1,0400 (+140 pips) 1,0500 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,0310 - 1,0350
1,0260 - 1,0200