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NPBFX - making money with us since 1996!
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[QUOTE="Antony_NPBFX, post: 172906, member: 38727"] [size=5][b] USD/CAD: the pair is strengthening 13.09.2019[/b][/size] Good afternoon, dear forum visitors! [url= https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on USD/CAD for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] Yesterday, the USD/CAD pair rose moderately, renewing local highs since October 11th. However, the instrument failed to consolidate at the new levels, and by the end of the daily session, it lost all his advantage by reacting to the neutral speech of US President Donald Trump at the Economic Club in New York. Investors expected further development of trade relations between the United States and China, which hovered before signing the preliminary agreement but Trump said nothing new. The President noted that China was still striving to conclude a trade agreement, however, the deal would be signed only on those conditions that will provide profit to the US economy otherwise Washington was ready to introduce new import duties. [b] Support and resistance [/b] On the daily chart, Bollinger bands are growing steadily. The price range is narrowing slightly, reflecting the ambiguous nature of trading in the last few days. Nevertheless, the current indicators’ readings reflect the continuing “bullish” potential of the US dollar. The MACD indicator is growing, maintaining a strong buy signal (the histogram is above the signal line). Stochastic, approaching its highs, reversed into a horizontal plane, signaling the risks of corrective dynamics in the ultra-short term. It is better to keep the current long positions until the market situation is clarified. Resistance levels: 1.3256, 1.3289, 1.3309, 1.3347. Support levels: 1.3224, 1.3196, 1.3159, 1.3132. [img]http://businesspr-finance.com/wp-content/uploads/2019/11/cad-3.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2019/11/cad-4.png[/img] [b] Trading tips [/b] Long positions may be opened after the breakout of the level of 1.3256 with the target at 1.3309 or 1.3347. Stop loss – 1.3210–1.3200. Short positions may be opened after a rebound from the level of 1.3256 and a breakdown of the levels of 1.3224–1.3210 with the target at 1.3159 or 1.3132. Stop loss – 1.3256. Implementation period: 2–3 days. [b]Use more opportunities of the NPBFX analytical portal: economic indicators [/b] Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.). If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on USD/CAD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
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