Grand Capital - Analytics

    Grand Capital

    469.75 5.25/10
    50% of positive reviews

    USD/CAD Technical analysis 05.05.2016


    The pair is correcting downside amid the oil prices recoil during Asian session. It is possible that the pair will follow the prices and come down to  1.2750, but the downside trend has already been cracked and there is a high probability that the pair will keep rising. 

    The price is higher than the middle Bollonger band, lower than SMA5 but higher than SMA14. RSI is coming out from the overbought zone. Stoch do the same.

    Trading recommendation: Buy the pair from the 1.2800 level and acumulate the position starting from 1.2750 

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree