Analysis on USDCAD 28.12.2018

Analysis on USDCAD 28.12.2018

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.3660
• Take Profit Level: 1.3800 (140 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position

Source:: Analysis on USDCAD 28.12.2018

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