USD / CAD re-testing - Analysis - 24-11-2017

USD / CAD re-testing - Analysis - 24-11-2017

The USD / CAD pair is retesting the previously breached 1.2723, with Stochastic reaching overbought areas, noting that SMA 50 meets the mentioned level to add more strength to it.

Therefore, we believe that opportunities are available for resuming the downside move in the coming period, waiting to break the 1.2665 level to facilitate the move toward our first target at 1.2470, taking into account that a breach of 1.2723 - 1.2740 will stop the suggested decline and push the price to visit 1.2927 areas. .

The trading range for today is expected among 1.2620 support and 1.2780 support

The general trend for today is bearish

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The Forex market (Foreign Exchange Market) has by far the most dollars turning hands most any day as opposed to any additional trading in finance. It out-performs the New York Stock Exchange by over one hundred times which is contrary to a large amount of peoples’ information on Forex trading and is a that much astonishing statistic. An extraordinary one and a half trillion US Dollars is traded daily that makes it the zenith of banking trading. Forex Trading Info

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There are many different markets and information on Forex trading but the most important market is the “spot market”. It is called that because the trades are performed then and there, on the spot. Other important markets are futures trading, trading on margin and forward outrights, and they are more involved in their execution. Always want to have financial freedom? Check out Forex Trading Info Program. It’ll change your Life Forever!

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Nearly most cases, you can access the most extensive market, Forex trading, through an intermediary or Forex trading brokers. Just like stock brokers, they can provide you precise information and advice on how to deal with Forex trading strategies. Advice includes all the aspects of the Forex trading market which extends to research approaches and technical analysis to improve the member’s trading performance.
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