Analysis of USDCAD 29.05.2019

Analysis of USDCAD 29.05.2019

Written by: PaxForex analytics dept - Wednesday, 29 May 2019 0 comments
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.3520
• Take Profit Level: 1.3600 (80 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.3480
• Take Profit Level: 1.3440 (40 pips)



USDJPY 
A possible short position in the breakdown of the level 109.10

EURUSD 
A possible short position in the breakdown of the level 1.1150

USDCAD
A possible short position in the breakdown of the level 1.0050

GBPUSD
A possible short position in the breakdown of the level 1.2620