[FOREX TIP] USDCAD Free Forex Trading Signals – 19th April 2017

USDCAD has been bullish on the H4 chart. The price broke the bearish Trend line last week. Then, the price has been making higher highs on the H4 chart. If we get a breakout later today, then buying the pair would get us some green pips with excellent risk and reward ratio. Let us have a look at the H1 chart of USDCAD…

 

USDCAD Free Forex Trading Signals – 19th April 2017

As this chart shows that, the level of 1.34000 has been working as a level of resistance. However, today’s price action has been bullish so far. It seems the price might come down to the Support level to make another move towards the North. If it does, then the move would be very strong since we would get a Double top here then. If it does not come down to the Support level, but makes a breakout at 1.34000, then we might have to wait for some correction to take long entry. In both cases, the target is 1.35550.

Let us have a look at the summary of the trade

• Buy Stop Order: 1.34000
• Stop Loss Level: 1.33730
• Take Profit Target: 1.35550

It has been a tough month for the Forex traders. The market has been shaky. Yesterday’s speech by UK prime minister has given the market another big shake. Traders must not lose their patience, but be even more discipline. The market will settle down and opportunities will come. There is no point of being in a hurry and push ourselves hard to take entries. Keep this in mind “Having no position in the Forex market is like having a position”.

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today: USDCAD Free Forex Trading Signals – 19th April 2017

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[FOREX NEWS] EUR/USD: Into The First Round Of French Elections & 1 Week From Now – SocGen

The first round of the French elections is held on April 23rd and the stakes are high. Here are our four scenarios for the elections. Here is the view from SocGen: Here is their view, courtesy of eFXnews: Societe Generale FX Strategy Research notes that the latest polls ahead of the French elections confirm the first round [...]

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[FOREX NEWS] May announces UK elections on June 8th – GBP/USD recovers

An end to the rumors that weighed on the pound: Theresa May met the press and announced general elections for June 8th. The press conference was announced only two hours in advance and was accompanied by many rumors. Theresa May seeks a new mandate to pursue Brexit. Brexit negotiations would have been hampered by a later [...]

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[FOREX NEWS] GBP/USD tumbles as May calls special press conference

UK Prime Minister Theresa May called a special press conference at 10:15 GMT. This is totally unscheduled and according to rumors, she might call snap elections. Various opinion polls put May’s Conservatives with over 40% support and Labour under 30%. However, she previously ruled out bringing forward the elections from 2020. GBP/USD is tumbling down on the uncertainty. Cable [...]

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[FOREX TIP] AUDCAD Free Forex Trading Signals – 18th April 2017

All the AUD pairs seem to be very active today. AUD’s “Monetary policy meeting minute” has acted as the fuel to make all the pairs hot that are related to the AUD. Among all the AUD pairs, AUDCAD seems to be the best one. Have a look at the H4 chart of AUDCAD. There is a bearish Trend line, which has been obeyed number of times. In fact, today’s bearish price move has started right from there as well. Thus, selling the pair after upward correction should get us some green pips. Let us have a look at the H1 chart of AUDCAD to find out the levels to sell, to set stop loss and to set take profit.

AUDCAD Free Forex Trading Signals – 18th April 2017

As we see that, the price has been bearish from 1.01200. We have had 4 consecutive bearish candles from that level. The price has started correction. It would be best if the price goes to 1.00820 and produces an H1 reversal candle right there. If this happens, then selling the pair by setting stop loss at 1.01200 and take profit at 1.00270 would be a good option.

Let us have a look at the summary of the trade

• Sell Stop Order: – at 1.00820 after an H1 reversal candle
• Stop Loss Level: 1.01200
• Take Profit Target: 1.00270

The price might start moving where the price is now (look at the chart). However, it would be wise not to take a short entry from here, but at the recommended level to maintain a good risk and reward ratio.

 

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today: AUDCAD Free Forex Trading Signals – 18th April 2017

The post AUDCAD Free Forex Trading Signals – 18th April 2017 appeared first on Advanced Forex Strategies.

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[FOREX NEWS] Dollar strength a good thing? Mnuchin pulled the Easter Bunny

The US dollar had an Easter Monday slump, mostly against the yen on geopolitical worries. However, things turned around when US Treasury Secretary Steven Mnuchin contradicted his boss’s words about the US dollar. The recently minted Secretary gave an interview to the Financial Times and said (emphasis mine): As the world’s currency, the primary reserve currency, I think [...]

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