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

USD/CAD bullish setup - Leverage yields via derivative trades | November 21, 2018

Print PDF

USD/CAD price swings in tandem with technical indicators but inversely proportional to WTI crude – Trade double touch options:

Technically, bullish engulfing candles with big real body take off USDCAD -0.13% rallies above DMAs. For now, the bulls are intensified as the momentum is also confirmed by both RSI & stochastic curves show upward convergence and MACD indicates upswings to prolong further (refer daily chart ).

On the other hand, please observe that WTI crude oil 2.32% price slides steep below 7EMAs yesterday, correspondingly, yesterday, USDCAD -0.13% has spiked vigorously above 7DAMs. Hence, USDCAD -0.13% is inversely proportional to the price behavior of WTI crude.

While the major trend of USDCAD -0.13% has been spiking through rising channel pattern which is bullish in nature, shooting star pops-up at channel resistance and hammer pattern at channel supports. For now, rallies spike above 7EMAs on strong channel support, strength in uptrend is in conformity to the momentum oscillators ( RSI & stochastic curves).

Trade tips: Contemplating prevailing bullish sentiments of this pair, at current spot reference is hovering at strong support at 1.3295 levels, it is wise to trade double touch options using strikes of 1.3325 levels and attain exponential yields.

As we could foresee upside risks in the weeks to come, on hedging grounds, we advocate initiating longs in USDCAD -0.13% futures contracts of mid-month tenors with a view to arresting further upside risks.

Currency Strength Index: FxWirePro's hourly CAD spot index is flashing at -108 levels (which is highly bearish ), while hourly USD spot index was at 21 (mildly bullish ) while articulating at (06:36 GMT 0.00% ).

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 !