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  4. USD/CAD Signal - Mar. 19, 2013
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USD/CAD Signal - Mar. 19, 2013

By Maxime Parra
Maxime Parra
By Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.

Following a strong bullish movement, the USD/CAD pair seems to initiate a corrective movement. The crossing of moving averages at 7 to 20 sessions as well as the cross seen on the MACD suggests that the correction could continue towards the lower Bollinger band. Investors will therefore short the pair with a stop above the MA7.
Direction: Down
Entry: 1.0225
Stop-loss: 1.0250
Take-profit: 1.0185

USDCAD Signal

Maxime Parra
About Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.
 

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