EUR/CAD – D1 uptrend in place set buy alarm at 1.3820, no nearby resistance
GBP/CAD – D1 uptrend in place set buy alarm at 1.5835, potential back to about 1.6050
USD/CAD – intermediate D1 uptrend in place but be careful on buy entries due to some choppiness and nearby resistance layers, potential target is 0.9850 area
When the price alarms hit verify any buys or sell entries with The Forex Heatmap ™ and look for CAD weakness or cross currency strength or both.
Good Trading
Mark Mc Donnell www.forexearlywarning.com
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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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