SaxoTV

Coleman: USDCAD - four reasons to stall

149 views
September 02, 2014 cad, cadusd, forex, forex 2014 outlook, forex buying, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, forexforex, forextrading, fotrex, fx, fx award, fx changes, fx crosses, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx market, fx markets, fx options, fx pound, fx regulation, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx tradinging, fx trends, fx volatility, fx volatitily, fxallocationmodel, fxfx, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, saxo tv, tradingfloor.com, usd, usd eur, usd index, usd jpy, usda, usdaud, usdcad, usdcad trading, usdchf, usdchf bullish, usdeur, usdgbp, usdgdp, usdjpy, usdrub
Ian Coleman is watching USDCAD after a week when traders have seen aggressive selling around the 50% pullback level at 1.0949.
Ian has seen a bearish outside week a negative signal for sentiment despite some upward pressure.
He argues there are four reasons to stall:
- Bespoke resistance at around 1.0898
- 50% pullback at 1.0903
- Marabuzo level at 1.0906
- Turning bearish on USD.
Ian says he's looking to sell at the market:
Stop: 10915
Targets: 10840 & 10810