USDCAD
The market opened with a gap amid the unsatisfactory results of the Doha summit. Because of the pessimism and the probable oil price weakening the pair will keep rising.
The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI keeps rising. Stoch are entering …
EURUSD
The pair is breaching the support level while expecting the american economy data which is to be published later today.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides on the oversold line. Stoch turned downwards.
Trading recommendations: Sell the pair when …
USDCAD
The pair is correcting upwards aimd the falling oil prices. If they keep correcting, a continious local rise can be expected.
The price is on the middle Bollinger band, higher than SMA5 but lower then SMA14. RSI index is leaving the oversold zone and signals to Buy. Stoch also …
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