Claws&Horns Analytics provides this
content/feature as no more than information. In particular no advice is
intended to be provided or to be relied on as provided nor endorsed by
Claws&Horns Analytics; nor any solicitation or incentive
provided to subscribe for or sell or purchase any financial instrument
or to join and/or terminate any of the trading strategies featuring as
Trading Signal solution. The Investor is solely responsible for the
choice of the signal provider, choice of trading strategy, choice
whether to join or to terminate the relevant Trading Signals feature on
his/her trading account and monitoring of the trading activities under
Trading Signals feature. All trading or investments you make must be
pursuant to your own unprompted and informed self-directed position.
Please keep in mind that past performance is no guarantee of future
results.
The Bonus is not granted automatically.
The client must claim / request the Bonus by
contacting finance department
or via livechat.
2016-08-29 10:35 (GMT+2) USD/CAD
Current trend
Support and resistance
Trading tips
In the end of last week, the pair substantially strengthened amid Fed
Chair Janet Yellen speech in Jackson Hole. Commenting the latest
macroeconomic data and existing forecasts of developments in the
economy, Yellen suggested that in recent months the case for further
monetary policy tightening has strengthened. The head of the regulator,
as before, did not state particular dates of interest rate hikes and
noted that the decision will depend on the upcoming macroeconomic data.
Most likely, the decision will be made during the September of
December meetings of the regulator, as the November meeting coincides
with the presidential elections in the US.
Support and resistance
Bollinger Bands on the daily chart turned horizontally while the
price range remains unchanged. MACD is growing and giving a weak buy
signal. Stochastic is trying to turn down as it entered the overbought
zone.
The indicators recommend waiting for clearer trading signals.
Support levels: 1.3000 (local low), 1.2964, 1.2932, 1.2900, 1.2858, 1.2831 (local low), 1.2800, 1.2763 (18 August low).
Resistance levels: 1.3024 (local high), 1.3055, 1.3079, 1.3100,
1.3135 (9 August high), 1.3170, 1.3200 (5 August high), 1.3218, 1.3252
(27 July high).
Trading tips
Long positions can be opened after the breakout of the level of
1.3024 (with the appropriate indicators signals) with targets at 1.3100,
1.3135, 1.3170 and stop-loss at 1.2980. Validity – 2-4 days.
Short positions can be opened after the price consolidation below the
level of 1.3000 with targets at 1.2900, 1.2858 and stop-loss at 1.3055.
Validity – 2-3 days.
Scenario
Timeframe | Intraday |
Recommendation | BUY STOP |
Entry Point | 1.3030 |
Take Profit | 1.3100, 1.3135, 1.3170 |
Stop Loss | 1.2980 |
Key Levels | 1.2763, 1.2800, 1.2831, 1.2858, 1.2900, 1.2964, 1.3000, 1.3024, 1.3055, 1.3100, 1.3135, 1.3200, 1.3218, 1.3252 |
Alternative scenario
Recommendation | SELL STOP |
Entry Point | 1.2990 |
Take Profit | 1.2900, 1.2858 |
Stop Loss | 1.3055 |
Key Levels | 1.2763, 1.2800, 1.2831, 1.2858, 1.2900, 1.2964, 1.3000, 1.3024, 1.3055, 1.3100, 1.3135, 1.3200, 1.3218, 1.3252 |
with
M Samer Al Reifae
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.