USDCAD

  • A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency.

    USDCAD BREAKEVEN

    USDCAD was closed out breakeven, after an epic fall from identified resistance point. 1.  I got off to a bad…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCAD PROFIT

    This had a very similar setup to EURUSD earlier today. The pair moved sideways for a long time, there were…

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  • Tenkan-sen (Conversion Line):(9-period high + 9-period low)/2)) On a daily chart, this line is the mid point of the 9-day high-low range, which is almost two weeks. Kijun-sen (Base Line):(26-period high + 26-period low)/2)) On a daily chart, this line is the mid point of the 26-day high-low range, which is almost one month. Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)) This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as “Leading” because it is plotted 26 periods in the future and forms the faster Cloud boundary. Senkou Span B (Leading Span B): (52-period high + 52-period low)/2)) On the daily chart, this line is the mid point of the 52-day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary.

    USDCAD PROFIT

    I saw the patern setup cooking up nicely for about half an hour. It took quite a while for it…

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  • The US Dollar v/s the Canadian Dollar is a popular currency pair due to the large amount of cross-border trading activity that takes place between The United States and Canada. The Canadian Dollar is often called 'The Loonie'.

    USDCAD 19.07.2016

    I missed the first entry at 9.10am due to a late start. The price rebounded nicely and I got back…

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  • Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

    USDCAD PROFIT 11.07.2016

    All currencies on my watchlist were setting up. I took the USDCAD based on the judgment I made looking at…

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  • Day Trading, as the name implies, is generally limited to trading activity during most of the day trading. It includes the purchase and sale of shares in a short period of time. Day traders buy and sell stocks since the market opened in the morning and sell them off, before it closes.

    Trading a new pair USDCAD

    I am trying to stay clear of GBP, and there were no signals for USDJPY so I took the opportunity…

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