USDCAD- Intraday Strategy (14 Feb 2013)
Pivot: 1.0024
Recommendation: SHORT positions below 1.0024 with 0.9970 & 0.9940 as next targets.
Alternative scenario: The upside breakout of 1.0024 will call for a rebound to 1.0055/85.
Comment: The pair put a temporary top at 1.0024, as long as this level holds It will dip to 0.9970 & 0.9940 levels, break of 1.0024- hourly close - will call for a rebound towards 1.0055/85 levels .
Best Regards
Haitham
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Comment by Mai Gamal on February 14, 2013 at 1:52pm -
I think that the stochastic indicator provides clear negative signals now, which makes us believe that it would provide an incentive to push the price down
please Haytham ,, is not it true ?
Comment
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