Maintenance ON

Welcome!

If you have tried to reach robotfx.org, please mind that the main ROBOTFX website might be under maintenance for a short time.

However, if you've reached this website from Google/Bing, please visit the main ROBOTFX site and you will find a bigger expert advisors and indicators catalog, as well as discount coupons and more payment methods.

Thank you.

USDCAD trades to new high since July 15

Trading News
image
  • Moves above swing highs between 1.3074 and 1.30835
USDCAD surges to new highs helped by oils sharp fall

The price of crude oil has moved sharply to the downside today after doing the complete opposite yesterday. For the USDCAD yesterday, the price move moved (higher CAD) as it followed the rise in oil . Today, the USDCAD is moving sharply higher following the fall in oil.

Technically, the price today has been able to get above old swing area between 1.30757 and 1.30922. The current price is trading at 1.3096 after reaching a high for the day of 1.31066. It would take a move back below 1.30757 level (low of the swing area) to hurt the bullish bias.

On the topside, the next target area comes between 1.31274 and 1.31373 (swing areas between July 14 and July 15)


Trading analysis offered by Flex EA.
Source
0 Comments
Chat