USD/CAD Long Term Breakout Possibly at Work

| 21 november, 2013 | 0 kommentarer

Weekly

eliottWaves_usd-cad_body_Picture_5.png, USD/CAD Long Term Breakout Possibly at Work

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

USDCAD has closed above the line that extends off of the Jul and Aug highs (daily basis). The top side of that line is 1.0490 on Friday.

-The mentioned break could lead to an extraordinary acceleration higher in this rate. Such conditions would certainly catch most participants by surprise given this market’s tendency for false breaks and otherwise dull environment in recent years.

Trading Strategy: I want to see price close above 1.0490 on the week. The higher the better.

LEVELS: 1.0414 1.0445 1.0490 | 1.0547 1.0570 1.0608

— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *