Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

Stiff tug of war between USD/CAD hammer and shooting star : FxWirePro | December 21, 2017

Print PDF

Stiff tug of war between USD/CAD -0.02% hammer and shooting star , both leading and lagging oscillators vulnerable to signal clarity but Boundary binary does:

Candlestick pattern formed – Shooting star and hammer pattern candles on dailies and hammer on monthly plotting.

Please be noted that both bullish and bearish patterns have occurred and they have shown their effects so far. Shooting stars have formed at 1.2807, 1.2875 levels and hammer pattern at 1.2686 and 1.2794 levels.

Meanwhile stiff resistance is observed at 1.2921 levels where we’ve seen strong supply zone . On the flip side, the major supports are observed at 1.2672, 1.2696 and 1.2699 levels.

While both the hammer and shooting star patterns are evidencing bullish and bearish effects, the trend seems to be perplexed, in such a puzzling circumstance, both leading as well as lagging oscillators ( RSI , Stochastic and MACD ), have absolutely been indecisive. As you could see all these indicators are drifting non-directional mode.

On a broader perspective, hammer pattern candlestick has appeared exactly at 50% Fibonacci retracements, ever since then the sharp spikes are observed. But for now, 3-months’ consolidation phase now seems exhausted exactly at 21EMA levels (refer monthly chart).

Trade tips:

Contemplating above perplexed circumstance, while technical indicators are vulnerable to indicate the clarity in trend, it is wise to buy boundary binary options strategies with upper strikes at 1.2880 and lower strikes at 1.2780, the above strategy is deployed for a limited yields but certain yields as long as spot FX remains between above strikes on or before expiration.

Currency Strength Index: FxWirePro's hourly USD spot index is inching towards -5

Submit Your Comments:

 Forex Trading VPS


Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !