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New Forex Trading Signal: Buy USDCAD @ 1.2480

Buy USDCAD @ 1.2480. Take profit targets @ 1.2530 and 1.2550

Stop loss @ a close below 1.2440

Conviction:

On the 4 hours chart, the USDCAD is on the bottom of an ascending channel and the moving average is heading upwards as it’s showing strength with the RSI is heading towards the 70 zone. Moreover, the pair’s Histogram is on the the positive zone and diverging from the moving average.

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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