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Forex Automated Trading Signals Buy U.S. Dollar Against Canadian Counterpart
Tuesday, 18 November 2008 01:50:45 GMT  |  Luis Gil, DailyFX.com
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Our Forex Automated Trading Signals bought the U.S. Dollar against it’s Canadian counterpart using the Momentum2 strategy. It also set a trailing-stop order at 1.20703 after having purchased it at 1.2297. This medium-term strategy should not be confused with the long-term Momentum1 as the latter appears to be selling the pair. Before entering such a trade, take note that our signals also indicate that the pair is trading in the upward direction. Hence Momentum2 is indicating that a counter-trend strategy may be optimal.

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This is the last week that we will be providing our Forex Buy/Sell Signals on DailyFX+ for those without live accounts. Be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

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