Jun
23/10
USDCAD Sell at 1.0422
Last Updated on Wednesday, 23 June 2010 08:57
Written by Ross Mullins
Wednesday, 23 June 2010 08:57

USDCAD Sell posted to TAP at 9:33am ET. We have seen a good push higher after data this morning for the CAD. Now the pair has moved into the 4 hour trend line that also has historical supports around 1.0425. Looking for some rebound of todays move back into the upper 1.0300′s. On the 1 hour chart the Tunnel fib line also intersects with the 1.0425 area. Just below are two fib retracement levels from the previous downtrends as seen on the 4 hour illustration.

USD/CAD 4 hour Chart Picture

USD/CAD 1 hour Chart Picture


2 Comments
  1. CommentsRoss Mullins   |  Thursday, 24 June 2010 at 10:30 am

    Closed for 55 pips on the dip into the 1.0360′s.

  2. Commentsavalon   |  Friday, 02 July 2010 at 7:20 am

    ross hi while i was away did you explain a new way to join in to your room All i have is the login button for derek’s room as of yesterday july 1, The log in button for your room is not there. Help??


Leave a Reply






*

Special Offer!

Feed Options



Or, subscribe via email

Enter Your E-Mail Address:

Free Forex Training Course

This Free Forex Training Course is one of the most comprehensive trading courses on the market today. Learn more about some of the most critical, basic elements and concepts of Forex Trading.