Last wednesday, the canadian dollar remain unchanged. Presently, the pair USDCAD trading at 1.3147, up 0.06% on the day. On the report release end, there is no event related to canadian or U.S. The U.S market closed for 4th of july so, the price range kept unchanged. Today, the spot light was already set for upcoming releases from U.S like ADP non-farm payrolls, unemployment claims, Final service PMI and FOMC minutes of the july policy meeting. The FOMC minutes could be a market mover, as a investor look for upcoming rate hikes. Canadian government continues to expand the manufacturing sector. In june canadian manufacturing PMI improved to 57.1 this was the highest since the survey started in 2010. The numbers are in impressive scale and given the deadlocked NAFTA and recent tariff split between canada and the united states. Even canada yet to release the key employment numbers on friday, a strong number could seal the rate hike and boost the canadian dollar. For FED the june hike marked the second in 2018, the impressive performance Of the U.S economy makes strong case for four hikes. Mr.Trump president of U.S slapping the tariffs on major US trading partners. SYNOPSIS: US […]
NZDUSD marked an engulfing pattern on a 4 hr time scale, one of the best technique to determine a trade is break out point. In the chart, at 0.70367 the candles formed an impulse and brought the price range in sideways. After the change in pattern formation, the signals traveled in trend as a baseline (shown in the graph). Whenever the candles contacted the trend line, the price range felt down (shown in the graph). Presently, the market printing candles at 0.67692 Due to the Outer bar formation, the signals have enough potential to break down the trend line. By its record after the breakout, the signals will fly like sound sonic. In case anything else happens, end the trade at previous support point 0.67437 it won’t be a loss for you. Eyes on the chart, follow the move and decide our trade. SIGNAL SPECIFICATION: Pair: NZDUSD Order: BUY Entry: 0.67692 Take profit:0.68252 Stop loss:0.67437 Risk Vs Reward: 2.2 Our Unique Features: 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to […]
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