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UPDATE: USDCAD NEED CORRECTION?

free forex usdcad forecast
free forex usdcad forecast

Did you read our previous report on USDCAD index? If not, click here.

We had strongly recommended,

On USDCAD Index 50% Correction awaiting ahead because it had overbought in the previous week.

The Technical Indicator STOCH (14, 14, 3, 3) is indicating sell signal on U.S. Dollar / Canadian Dollar pair. FX Traders could take profit at 1.31954 – 1.30478 – 1.29520 levels.

Its price can hike if USD CAD index crossover or close above the resistance level (1.34378), you can see the 1.35500 – 1.37788 levels.

USD CAD has touched the first target 1.31954 level and going for the another one 1.30478 – 1.29520 levels.

For subscribers, the exact time for exit and what EUR USD index indicate.


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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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