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07.02.201810:46 Forex Analysis & Reviews: Trading forecast of the currency pair USD / CAD for February 7, 2018

Long-term review
Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

The upward movement assumed the status of a medium-term impulse after the pair was fixed above the weekly short-term target of 1.2474-1.2453. The probability of updating the weekly maximum is now 70%.

Medium-term plan.

The upward movement yesterday speaks of the impulsive nature of the movement. At the beginning of this week, there was a consolidation above the weekly short-term fault of 1.2474-1.2453, which speaks in favor of continued growth. The first goal is the NCP 1/2 1.2585-1.2576, and the next target is located within the monthly short-term fault of February 1.2690-1.2647. Achieving this zone will allow us to fully close the long position and consider options for selling the instrument in terms of the formation of a correctional model.

Exchange Rates 07.02.2018 analysis

The upward movement assumed the status of a medium-term impulse after the pair was fixed above the weekly short-term target of 1.2474-1.2453. The probability of updating the weekly maximum is now 70%.

Medium-term plan.

The upward movement yesterday speaks of the impulsive nature of the movement. At the beginning of this week, there was a consolidation above the weekly short-term fault of 1.2474-1.2453, which speaks in favor of continued growth. The first goal is the NCP 1/2 1.2585-1.2576, and the next target is located within the monthly short-term fault of February 1.2690-1.2647. Achieving this zone will allow us to fully close the long position and consider options for selling the instrument in terms of the formation of a correctional model.

Exchange Rates 07.02.2018 analysis


The daily short-term fault is the daytime control zone. The zone formed by important data from the futures market, which change several times a year.

The weekly short-term fault is the weekly control zone. The zone formed by important futures market marks, which change several times a year.

The monthly short-term fault is the monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Samanta Kruder
Analytical expert of InstaForex
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