Buying Opportunity for USDCAD
US Dollar weaken is overdone, this weaken should stablise temporary. Good support at 1.0420 on the hourly chart, I predict USDCAD will rebound from there.
My trading system has signal BUY for USDCAD
Bought 30,000 USDCAD at 1.0464
Stop level at 1.0400
Target level at 1.0542
System Signals BUY for USDJPY
In my previous article "USDJPY is a Good Barometer of the Stock Market", I mentioned that my system is starting to signal BUY for USDJPY.
Usually when my system gives a signal, I look use hourly chart to determine my entry level.
Hourly chart shows that USDJPY is oversold, so I took the opportunity to buy USDJPY.
Bought 30,000 USDJPY at 106.56
Stop level at 105.40
Target level at 107.90
See here:
Forex & Binary Trading
Linear Mode
