USD/CAD Signal- July 3, 2012

Currency: USD/CAD
Trend Expected Direction: Down
Method: Ichimoku, Technical Analysis
Description: USD/CAD has been struggling to break 1.0200 level. The daily and 4H charts shows that the pair will continue its bearish sentiment. The pair is trading below the kumo (clouds). Once the price hits 1.0120, you may move stop-loss to the entry point.
Recommendation: Short
Target Area: 1.0120 & 1.0075
Stop-Loss: 1.0205

USDCAD Signal 7312

Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.