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Forex Discussions
Technical Analysis
Daily technical Analysis and Recomendations by AzaForex
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[QUOTE="AZAforex, post: 102421, member: 37457"] [SIZE=5]Forex trade recommendations on USDCAD 18-05-2016 by AzaForex forex broker [URL='http://azaforex.com/recommendation-USDCAD-18-05-16.html'][IMG]http://azaforex.com/images/recommendation/USDCAD-18-05-16-azaforex-forex-broker1.jpg[/IMG] [/URL][/SIZE] The best successful [B]foreign exchange[/B] earning tips. The [B]U.S. dollar [/B]is not going to give the [B]Canadian dollar.[/B] For several days the pair is marking time, but doesn't fall down. Near the resistance level and if the [B]Forex market[/B] after news release [B]investors[/B] and [B]traders[/B] is a lot of optimism, the [B]currency pair[/B] can greatly go up. The price is above a simple moving average 200 MA and 20 MA indicating bullish [B]trend[/B]. The MACD trend indicator is above zero level now, indicating bullish movement. If the resistance level is broken you can use the following recommendation: • Chart timeframe: H4 • The trade recommendation: Buy • The level of entry into long position: 1.3020 • The level of profit and close the position: 1.3150 (130 pips) Metal GOLD Possible bearish movement in the breakdown of the support level 1269 [B]Forex currency pair [/B]EURUSD Possible bearish movement in the breakdown of the support level 1.1254 Forex currency pair USDCHF Possible bullish movement in the breakout of the resistance level 0.9840 [B]Forex[/B] currency pair GBPUSD Possible bearish movement in the breakdown of the support level 1.4400 [/QUOTE]
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