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AUD/CAD Signal- December 12, 2011

By FX Renew
FX Renew is an NFA regulated Forex brokerage that serves both as a brokerage and a signal provider. Traders can subscribe to FX Renew’s signal service even if they use an alternate Forex broker. FX Renew is the only NFA regulated brokerage to provide a signal service.

Currency Pair: AUD/CAD
Direction: Long

Trader Comments: AUD/CAD Long. This is actually an AUD/CAD Radar. AUD/CAD on the hourly charts is forming an inverted head and shoulders. The pattern is not at the bottom of a big down move like it is supposed to be for a valid technical pattern, but if you move out to a daily chart you will see that it has formed a very solid bull flag pattern. The optimal price for a long on this currency pair is the 20 day moving average at 1.0317

AUD/CAD Signal- December 12, 2011

Risk Disclaimer: Trading foreign exchange "Forex" on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. FX Renew Forex Signals are not specific trade recommendations or a solicitation to buy or sell any Forex contract and should be personally evaluated by you before executing any trades. FX Renew will not accept responsibility for trading losses that result from our Forex Signals. Past performance is not necessarily indicative of future results.

FX Renew
About FX Renew
FX Renew is an NFA regulated Forex brokerage that serves both as a brokerage and a signal provider. Traders can subscribe to FX Renew’s signal service even if they use an alternate Forex broker. FX Renew is the only NFA regulated brokerage to provide a signal service.
 

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