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Friday, April 14, 2006

Intra-day forecast USD/CAD - 13th Apr 2006

Intra-day forecast USD/CAD - 13th Apr 2006
USD will become strong against other majors. USD/CAD will also become strong - Short term upward trend phase.
Early trading Hrs, USD/CAD will be firm and volatility expected, will become moderate during late GMT trading Hrs. USD/CAD shows support at 1.1401 closing will be moderate.

spot- trade- clues
Sell USD/CAD during 06:00-07:00 GMT trading Hrs above 1.1556 level and buy USD/CAD during 20:00-21:00 GMT trading Hrs below 1.1401 level

Trade Signal - Trend and Timings
Trend for the day: Wild swing till GMT 11:30 Hrs and downward till day end with intermediary swing of 35-45 Pips
Timing:
Buy/Sell Time level/limit Stop
Buy 01:30 PM 22-26 pips below
Sell 07:30 PM
Sell 07:30 PM 22-26 pips above
Buy 13:30 PM
Sell 13:30 PM 22-26 pips above
Buy 23:00 PM
Time - GMT , PM- Prevailing Market

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