Grand Capital - Analytics

    Grand Capital

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    USD/CAD Technical analysis 05.05.2016

    USD/CAD

    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 


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