Forex Daily Outlook on Minors - USD/CAD : April 17, 2013


DAILY USD/CAD OUTLOOK - 1.0230

17 Apr 2013 06:49GMT

Despite usd’s retreat after Mon’s rally to 1.0260, as this move signals decline fm 1.0343 (Mar) has made a low at 1.0084, another rise wud be seen.

Hold long n abv 1.0260 wud yield gain to 1.0285. Below 1.0145 wud abort bullishness, 1.0110.

STRATEGY : Long at 1.0220

POSITION : Long at 1.0220

OBJECTIVE : 1.0295

STOP-LOSS : 1.0190

RES : 1.0260/1.0285/1.0343

SUP : 1.0183/1.0145/1.0110

[B]DAILY USD/CAD OUTLOOK - 1.0934
16 Jan 2014[/B] [I]23:17GMT[/I]

Despite usd’s retreat fm Wed’s 4-yr peak at 1.09
92, y’day’s bounce fm 1.0905 suggests pullback ‘pos
sibly’ ended, abv 1.0992 needed to yield 1.1020/30.

Hold long for gain twd 1.0992 n only below 1.08
79/80 wud risk stronger retracement twd 1.0843 sup.

[B]STRATEGY :[/B] Long at 1.0926

[B]POSITION [/B]: Long at 1.0926

[B]OBJECTIVE : [/B]1.0990
[B]
STOP-LOSS :[/B] 1.0895
[B]
RES :[/B] 1.0992/1.1032/1.1061

[B]SUP : [/B]1.0905/1.0879/1.0843

[B]DAILY USD/CAD OUTLOOK - 1.1175
29 Jan 2014[/B] [I]23:05GMT[/I]

Usd’s rebound fm 1.1103 in NY signals pullback fm
Weed’s fresh 4-1/2 year top at 1.1187 has ended n
LT uptrend shud resume to 1.1245/50.

Venture buying for this move n only below 1.1103
confirms temp. top is made, risks 1.1078, 1.1031/35

[B]STRATEGY :[/B] Buy at market