Direction: Short
Opening Price: 1.8000
Contract: 1 (mini)
Opening Contract Value: US$10,000 (CA$18,000)
Limit Level: 1.7800
Stop Level: 1.8200
Amount Risked: CA$200 (A$241)
Interest rate differential fee: 0.00% p.a.
Technical Justifications:
Opening Price: 1.8000
Contract: 1 (mini)
Opening Contract Value: US$10,000 (CA$18,000)
Limit Level: 1.7800
Stop Level: 1.8200
Amount Risked: CA$200 (A$241)
Interest rate differential fee: 0.00% p.a.
Technical Justifications:
- British interest rate is at 1.5%, which is the lowest in 315 years. A lower interest rate tend to negatively afftects the currency.
- Currency pair is in a downtrend that commenced in Oct 08; bearish candles were seen within the last 5 days (shooting star and doji).
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