View Full Version : Usd/Cad
analysis for today 5 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 13 / 2014
OPEN 1.0894
HIGH 1.0925
LOW 1.0886
CLOSED 1.0905
The third resistance (R3) 1.0925 -( 1.0905 - 1.0886 = 0.0019 x 2 = 0.0039 )= 1.0964
The second Resistance (R2) 1.0905 + 1.0925 - 1.0886 = 1.0944
First resistance (R1) 1.0905 x 2 = 2.1811 - 1.0886 = 1.0925
pivot points 1.0925 + 1.0886 + 1.0905 = 3.2716 / 3 = 1.0905
Support for the first (S1) 1.0905 x 2 = 2.1811 - 1.0925 = 1.0886
Support second (S2) 1.0905 -( 1.0925 - 1.0886 = 0.0039 ) = 1.0866
Third Support (S3) 1.0886 -( 1.0925 - 1.0905 = 0.0020 x 2 = 0.0039 )= 1.0847
ng1985
2014-05-14, 01:11 PM
pair- usd/cad
chart analysis time frame- m15
http://i57.tinypic.com/qq4oxf.jpg
the price movement may be in the triangle chart pattern as its try to rejecting up movement from the resistance at 1.0915 level. the stoch is also showing overbought so down movement can expected. we can make short entry with breaking 1.0900 and take profit at the 1.0880
good luck.
edmar6969
2014-05-15, 08:50 PM
USD/CAD 2014-05-15
Intraday: changing to bearish trend.
Pivot@ 1.089
My choice: Open SELL positions beneath 1.0890 with targets at 1.0835 and 1.0810.
Alternate choice conditions: Over 1.0890 search for additional bullish trend with 1.0925 and 1.096 as targets.
Supports and resistances:
1.096 1.0835
1.0925 1.081
1.089 1.074
http://dl.dropbox.com/u/51561036/screenshots/screen140515-231911.jpg
analysis for today 5 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 15 / 2014
OPEN 1.0887
HIGH 1.0890
LOW 1.0851
CLOSED 1.0883
The third resistance (R3) 1.0890 -( 1.0875 - 1.0851 = 0.0024 x 2 = 0.0047 )= 1.0937
The second Resistance (R2) 1.0875 + 1.0890 - 1.0851 = 1.0914
First resistance (R1) 1.0875 x 2 = 2.1749 - 1.0851 = 1.0898
pivot points 1.0890 + 1.0851 + 1.0883 = 3.2624 / 3 = 1.0875
Support for the first (S1) 1.0875 x 2 = 2.1749 - 1.0890 = 1.0859
Support second (S2) 1.0875 -( 1.0890 - 1.0851 = 0.0039 ) = 1.0836
Third Support (S3) 1.0851 -( 1.0890 - 1.0875 = 0.0015 x 2 = 0.0031 )= 1.0820
zhenshi8
2014-05-16, 10:05 AM
USD / CAD alternate day was down to 1.0850, which confirms the repeated testing 1.0910 failure may trigger callback judgment. The price has rebounded, but expected days or continue to decline.
Support and resistance, support at 1.0834 line and 1.0800 points, then in the 1.0711 line. Resistance at 1.0910-1.0950 interval, then located at 1.1000 points and 1.1045 near the 50 day moving average at.
caius
2014-05-16, 11:43 AM
Daily technical analysis for USDCAD 16/05/2014
USDCAD market should hold major support at 1.0843 before rising towards 1.0900 or even 1.0915 limit.
Key Point 1.0897
Entry Point 1.0875
Trendline 1 1.0896
Trendline 2 1.0873
Support 1 1.0861 Support 2 1.0837
Resistance 1 1.0900 Resistance 2 1.0915
AVIAFX
2014-05-16, 04:42 PM
USD CAD broke the ascending trend line and it broke the strong support level @ 23.6% fibo for the last bullish wave on the Daily time frame, so falling down will be expected next weeks, targeting 38.2% fibo level initially.
ng1985
2014-05-16, 06:20 PM
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/29mkhsh.jpg
the price movement can see in the double top chart pattern with having the resistance at the 1.0885 level. and the stoch indicator is also at the overbought level and this will may down side. if this break the 1.0890 then make long entry with the take profit 1.0950.
good luck.
Bieela
2014-05-16, 08:18 PM
Daily analysis for USDCAD
USDCAD irregular flat correction up 1.0944, close to daily pivot point 1.0876
Elliott 1.0852
Closing 1.0884
Ex-Low 1.0852
Ex-High 1.0891
Support 1 1.0862
Support 2 1.0838
Resistance 1 1.0901
Resistance 2 1.0916
:yahoo:
caius
2014-05-17, 06:53 AM
Weekly technical analysis for USDCAD
USDCAD market should not go lower than 1.0815. After this move down it should go up to 1.0905 area.
Key Point 1.0820
Entry Point 1.0863
Trendline 1 1.0926
Trendline 2 1.0870
Support 1 1.0830 Support 2 1.0804
Resistance 1 1.0905 Resistance 2 1.0953
Bieela
2014-05-17, 10:30 PM
Weekly analysis for USDCAD 19-23 May 2014
USDCAD irregular flat correction down 1.0812, No Pivot Points have been reached.
Elliott 1.1053
Closing 1.0857
Ex-Low 1.0852
Ex-High 1.0927
Support 1 1.0831
Support 2 1.0805
Resistance 1 1.0906
Resistance 2 1.0954
ali90
2014-05-19, 03:26 AM
the USDCAD analysis for 5/18/2014 it seems that the direction will be Down about the levels we have a strong support at 1.0851 which may stop the price from going down, But it will also be a good place to sell if the candle closes below it, On the other hand the Level 1.0881 acts as a strong resistance, which could be considered a strong place to buy from if broken. .
10993
hady11
2014-05-19, 04:01 AM
Analysis of the USDCAD the trend was Down yesterday amd we have the strongest level at 1.0851 and 1.0842 which can be considered as the support points, On the other side we have a resistance points located at 1.0869 & 1.0878 at the end consider this points in your trades according to your own forecasting and trades direction that you will enter. .
11006
analysis for today 5 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 16 / 2014
OPEN 1.0882
HIGH 1.0888
LOW 1.0856
CLOSED 1.0860
The third resistance (R3) 1.0888 -( 1.0868 - 1.0856 = 0.0012 x 2 = 0.0024 )= 1.0912
The second Resistance (R2) 1.0868 + 1.0888 - 1.0856 = 1.0900
First resistance (R1) 1.0868 x 2 = 2.1736 - 1.0856 = 1.0880
pivot points 1.0888 + 1.0856 + 1.0860 = 3.2604 / 3 = 1.0868
Support for the first (S1) 1.0868 x 2 = 2.1736 - 1.0888 = 1.0848
Support second (S2) 1.0868 -( 1.0888 - 1.0856 = 0.0032 ) = 1.0836
Third Support (S3) 1.0856 -( 1.0888 - 1.0868 = 0.0020 x 2 = 0.0040 )= 1.0816
caius
2014-05-19, 10:16 AM
Daily technical analysis for USDCAD 19/05/2014
USDCAD looks set to visit further lower territory down to around 1.0856 - 1.0845. Its corrective attempts should fail ahead of 1.0873 or 1.0878. Stop loss above 1.0900 zone.
Key Point 1.0846
Entry Point 1.0864
Trendline 1 1.0878
Trendline 2 1.0886
Support 1 1.0845 Support 2 1.0834
Resistance 1 1.0878 Resistance 2 1.0900
AVIAFX
2014-05-19, 05:18 PM
Heiken Ashi and zero trend indicators are still sigh bearish trend for USDCAD. I think this pair still potentially go down towards null target at 1.08502 and may continue to touch reverse line 1.08352 before it starts to rise.
ng1985
2014-05-19, 07:25 PM
pair- usd/cad
chart analysis time frame- m15
http://i58.tinypic.com/688nb9.jpg
the stoch indicator is showing us over bought moving out and in the price its down movement is hold at the support 1.0850 level and moving up with breaking resistance trend line. if this is move above the pivot resistance then up movement can expected. long at the 1.0870 with take profit at 1.0890
good luck.
daniya1432
2014-05-19, 07:27 PM
daily forex pivot points
pair USD/CAD for 19/05/2014
P (piviot levels): 1.0859
R1 (first Resistance levels) : 1.0865
R2 (second Resistance levels) : 1.0869
R3 (third Resistance levels) : 1.0880
----
S1 (first Support levels): 1.0854
S2 (second Support levels): 1.0848
S3 (third Support levels): 1.0838
Good luck!
Bieela
2014-05-19, 07:42 PM
Daily analysis for USDCAD
USDCAD flat correction down 1.0814, close to daily pivot point 1.0867
Elliott 1.0927
Closing 1.0857
Ex-Low 1.0856
Ex-High 1.0889
Support 1 1.0844
Support 2 1.0835
Resistance 1 1.0879
Resistance 2 1.0901
BURHANFX
2014-05-19, 08:33 PM
analysis for today 5 / 19 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0868
Retracement (50%) 1.0872
retracement (61,8%) 1.0876
Extensions (61.8%) 1.0836
Extensions (100.0%) 1.0824
Extensions (138.2%) 1.0812
Extensions (161.8%) 1.0804
calculation based on a Fibonacci retracement then today I choose sell
caius
2014-05-20, 05:16 AM
Daily technical analysis for USDCAD 20/05/2014
USDCAD should test 1.0898 area after which a sell off down to 1.0858 or extended to 1.0842 area is expected
Key Point 1.0886
Entry Point 1.0868
Trendline 1 1.0871
Trendline 2 1.0863
Support 1 1.0858 Support 2 1.0842
Resistance 1 1.0883 Resistance 2 1.0892
umairfx
2014-05-20, 05:18 AM
I achieved my take profit in my last long trade on usd/cad.I earned 22 pips from my quick trade on usd/cad on friday.Right now I am not holding any other position on this pair.
I think on moday,this pair will open a little bit up as USD closed +ve on friday night
analysis for today 5 / 20 / 2014
USD/CAD
Resistance : R1 1.0924 R2 1.0949 R3 1.0969 R4 1.0999
Support : S1 1.0800 S2 1.0775 S3 1.0755 S4 1.0725
Open : 1.0861
High : 1.0875
Low : 1.0849
Running Price : 1.0873
Strategy : BUY at the level 1.0873 stop loss at the level 1.0800 target take profit at the level 1.0969 or at the level 1.0999
AVIAFX
2014-05-20, 03:41 PM
USDCAD still tries to break null target at 1.08779. If price manage to be closed above this level, the pair will continue rise to touch reverse line at 1.08895, then starts to go lower.
Bieela
2014-05-20, 04:58 PM
Daily analysis for USDCAD
USDCAD common flat correction up 1.0927, new daily high close to first daily resistance 1.0883
Elliott 1.0850
Closing 1.0875
Ex-Low 1.0850
Ex-High 1.0876
Support 1 1.0859
Support 2 1.0843
Resistance 1 1.0884
Resistance 2 1.0893
ng1985
2014-05-20, 06:54 PM
pair- usd/cad
chart analysis time frame- m15
http://i57.tinypic.com/158bms9.jpg
the price is moving in up trend side with breaking the daily resistance. now the stoch indicator is showing overbought and the price is also at the third level of resistance at 1.0907 so now rejection of price can expected. short with the stop loss at 1.0920 and take profit at the 1.0885
good luck.
RAGGEL
2014-05-20, 07:18 PM
USD/CAD
analysis for today 5 / 20 / 2014
Resistance 3 1.0979
Resistance 2 1.0949
Resistance 1 1.0929
Pivot Point 1.0861
Support 1 1.0795
Support 2 1.0775
Support 3 1.0745
BUY STOP 1.0929 STOP LOSS 1.0795 TAKE PROFIT 1.0949
SELL STOP 1.0795 STOP LOSS 1.0929 TAKE PROFIT 1.0775
caius
2014-05-21, 05:19 AM
Daily technical analysis for USDCAD 21/05/2014
USDCAD corrective dips should halt near 1.0854 for one more thrust upwards towards 1.0912. Stop loss below 1.0836 zone.
Key Point 1.0921
Entry Point 1.0901
Trendline 1 1.0872
Trendline 2 1.0893
Support 1 1.0881 Support 2 1.0854
Resistance 1 1.0925 Resistance 2 1.0943
analysis for today 5 / 21 / 2014
USD/CAD
Resistance : R1 1.0945 R2 1.0970 R3 1.0990 R4 1.1020
Support : S1 1.0841 S2 1.0816 S3 1.0796 S4 1.0766
Open : 1.0873
High : 1.0916
Low : 1.0870
Range : 46 Pips
Running Price : 1.0907
Strategy : SELL at the level 1.0907 stop loss at the level 1.0945 target take profit at the level 1.0796 or at the level 1.0766
analysis for today 5 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 20 / 2014
OPEN 1.0873
HIGH 1.0916
LOW 1.0870
CLOSED 1.0906
The third resistance (R3) 1.0916 -( 1.0897 - 1.0870 = 0.0027 x 2 = 0.0055 )= 1.0971
The second Resistance (R2) 1.0897 + 1.0916 - 1.0870 = 1.0943
First resistance (R1) 1.0897 x 2 = 2.1795 - 1.0870 = 1.0925
pivot points 1.0916 + 1.0870 + 1.0906 = 3.2692 / 3 = 1.0897
Support for the first (S1) 1.0897 x 2 = 2.1795 - 1.0916 = 1.0879
Support second (S2) 1.0897 -( 1.0916 - 1.0870 = 0.0046 ) = 1.0851
Third Support (S3) 1.0870 -( 1.0916 - 1.0897 = 0.0019 x 2 = 0.0037 )= 1.0833
Bieela
2014-05-21, 06:54 PM
Daily analysis for USDCAD
USDCAD elongated flat correction up 1.0965, close to daily pivot point 1.0899
Elliott 1.0850
Closing 1.0908
Ex-Low 1.0872
Ex-High 1.0916
Support 1 1.0882
Support 2 1.0855
Resistance 1 1.0926
Resistance 2 1.0944
BURHANFX
2014-05-21, 08:13 PM
analysis for today 5 / 21 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0898
Retracement (50%) 1.0893
retracement (61,8%) 1.0888
Extensions (61.8%) 1.0944
Extensions (100.0%) 1.0962
Extensions (138.2%) 1.0980
Extensions (161.8%) 1.0990
calculation based on a Fibonacci retracement then today I choose buy
analysis for today 5 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 21 / 2014
OPEN 1.0905
HIGH 1.0941
LOW 1.0893
CLOSED 1.0911
The third resistance (R3) 1.0941 -( 1.0915 - 1.0893 = 0.0022 x 2 = 0.0044 )= 1.0985
The second Resistance (R2) 1.0915 + 1.0941 - 1.0893 = 1.0963
First resistance (R1) 1.0915 x 2 = 2.1830 - 1.0893 = 1.0937
pivot points 1.0941 + 1.0893 + 1.0911 = 3.2745 / 3 = 1.0915
Support for the first (S1) 1.0915 x 2 = 2.1830 - 1.0941 = 1.0889
Support second (S2) 1.0915 -( 1.0941 - 1.0893 = 0.0048 ) = 1.0867
Third Support (S3) 1.0893 -( 1.0941 - 1.0915 = 0.0026 x 2 = 0.0052 )= 1.0841
analysis for today 5 / 22 / 2014
USD/CAD
Resistance : R1 1.0980 R2 1.1005 R3 1.1025 R4 1.1055
Support : S1 1.0844 S2 1.0819 S3 1.0799 S4 1.0769
Open : 1.0912
High : 1.0919
Low : 1.0905
Range : 14 Pips
Running Price : 1.0907
Strategy : BUY at the level 1.0907 stop loss at the level 1.0844 target take profit at the level 1.1025 or at the level 1.1055
BURHANFX
2014-05-22, 07:29 PM
analysis for today 5 / 22 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0923
Retracement (50%) 1.0917
retracement (61,8%) 1.0911
Extensions (61.8%) 1.0971
Extensions (100.0%) 1.0989
Extensions (138.2%) 1.1007
Extensions (161.8%) 1.1019
calculation based on a Fibonacci retracement then today I choose buy
analysis for today 5 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 22 / 2014
OPEN 1.0912
HIGH 1.0923
LOW 1.0884
CLOSED 1.0890
The third resistance (R3) 1.0923 -( 1.0899 - 1.0884 = 0.0015 x 2 = 0.0030 )= 1.0953
The second Resistance (R2) 1.0899 + 1.0923 - 1.0884 = 1.0938
First resistance (R1) 1.0899 x 2 = 2.1798 - 1.0884 = 1.0914
pivot points 1.0923 + 1.0884 + 1.0890 = 3.2697 / 3 = 1.0899
Support for the first (S1) 1.0899 x 2 = 2.1798 - 1.0923 = 1.0875
Support second (S2) 1.0899 -( 1.0923 - 1.0884 = 0.0039 ) = 1.0860
Third Support (S3) 1.0884 -( 1.0923 - 1.0899 = 0.0024 x 2 = 0.0048 )= 1.0836
analysis for today 5 / 23 / 2014
USD/CAD
Resistance : R1 1.0964 R2 1.0989 R3 1.1009 R4 1.1039
Support : S1 1.0833 S2 1.0808 S3 1.0788 S4 1.0758
Open : 1.0891
High : 1.0908
Low : 1.0889
Range : 19 Pips
Running Price : 1.0895
Strategy : SELL at the level 1.0895 stop loss at the level 1.0964 target take profit at the level 1.0788 or at the level 1.0758
caius
2014-05-23, 05:52 PM
Daily technical analysis for USDCAD 23/05/2014
USDCAD our preferred outlook is for a drift down to 1.0873 or below 1.0856. Resistances are at 1.0891 and 1.0902. A rise above 1.0920 would delay but not abort this expected fall.
Key Point 1.0875
Entry Point 1.0904
Trendline 1 1.0931
Trendline 21.0919
Support 1 1.0873 Support 2 1.0856
Resistance 1 1.0920 Resistance 2 1.0948
BURHANFX
2014-05-23, 07:28 PM
analysis for today 5 / 23 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0899
Retracement (50%) 1.0904
retracement (61,8%) 1.0908
Extensions (61.8%) 1.0860
Extensions (100.0%) 1.0845
Extensions (138.2%) 1.0830
Extensions (161.8%) 1.0821
calculation based on a Fibonacci retracement then today I choose sell
Bieela
2014-05-23, 08:24 PM
Daily analysis for USDCAD
USDCAD irregular flat correction down 1.0829, close to daily pivot point 1.0902
Elliott 1.0942
Closing 1.0891
Ex-Low 1.0884
Ex-High 1.0931
Support 1 1.0874
Support 2 1.0857
Resistance 1 1.0921
Resistance 2 1.0949
caius
2014-05-24, 10:29 AM
Weekly technical analysis for USDCAD
USDCAD while below 1.0870 - 1.0887 it could fall towards below 1.0796. Rise above 1.0906 could activate some bullish pattern.
Key Point 1.0843
Entry Point 1.0893
Trendline 1 1.0893
Trendline 2 1.0893
Support 1 1.0833 Support 2 1.0796
Resistance 1 1.0924 Resistance 2 1.0979
Bieela
2014-05-24, 12:08 PM
Weekly analysis for USDCAD 26-30 May 2014
USDCAD flat correction down 1.0814, No Pivot Points have been reached.
Elliott 1.0942
Closing 1.0870
Ex-Low 1.0850
Ex-High 1.0942
Support 1 1.0834
Support 2 1.0797
Resistance 1 1.0925
Resistance 2 1.0978
melsayed69
2014-05-25, 06:05 AM
AUDCAD Bearish
Prev Close: 1.0481
Open: 1.0471
Day's Range: 1.0451 - 1.0476
52wk Range: 0.9931 - 1.0785
Next bear target possible to hit area 1.0412 if area 1.0440 break, beside that if support area reject it, possible trigger the bullish to area 1.0512
Abdul Mussawer Atta
2014-05-25, 09:58 AM
peschly dino mainy usd/cad kay oper kuch trdes ope n ki thi lein in main mujhy koi khas prft nia huwa hai mery bahi q k mujhy is pair kay ander koi kahss experince bhi nai hai is liye mujhy is main loss huwa
analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 23 / 2014
OPEN 1.0891
HIGH 1.0908
LOW 1.0862
CLOSED 1.0862
The third resistance (R3) 1.0908 -( 1.0877 - 1.0862 = 0.0015 x 2 = 0.0031 )= 1.0939
The second Resistance (R2) 1.0877 + 1.0908 - 1.0862 = 1.0923
First resistance (R1) 1.0877 x 2 = 2.1755 - 1.0862 = 1.0893
pivot points 1.0908 + 1.0862 + 1.0862 = 3.2632 / 3 = 1.0877
Support for the first (S1) 1.0877 x 2 = 2.1755 - 1.0908 = 1.0847
Support second (S2) 1.0877 -( 1.0908 - 1.0862 = 0.0046 ) = 1.0831
Third Support (S3) 1.0862 -( 1.0908 - 1.0877 = 0.0031 x 2 = 0.0061 )= 1.0801
ng1985
2014-05-26, 07:17 PM
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/2n66s6t.jpg
the price is moving down side with breaking the support trend line at the 1.0882 level. the macd indicator is also giving up trend signal but its may be again rejecting down with making pull back setup. short with the take profit at the 1.0850 and stop loss at the 1.0880
good luck.
RaKalan
2014-05-26, 07:38 PM
usd/cad pair as expected the price still holding it's bearish direction .it's aiming for the support level 1.0852, and that's exactly what we are seeing right now, the price is under 1.0865 which indicates more bearish movement .
melsayed69
2014-05-27, 04:12 AM
The movement of USD/CAD is still ranging.The resistance i can see for today at price 1.1075 and the support i can see for today at price 1.1000.The different between resistance and support is 25 pip.The price for now is trading between 1.030 and 1.020.
http://prntscr.com/3myd07
analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 26 / 2014
OPEN 1.0871
HIGH 1.0872
LOW 1.0852
CLOSED 1.0858
The third resistance (R3) 1.0872 -( 1.0861 - 1.0852 = 0.0009 x 2 = 0.0017 )= 1.0889
The second Resistance (R2) 1.0861 + 1.0872 - 1.0852 = 1.0881
First resistance (R1) 1.0861 x 2 = 2.1721 - 1.0852 = 1.0869
pivot points 1.0872 + 1.0852 + 1.0858 = 3.2582 / 3 = 1.0861
Support for the first (S1) 1.0861 x 2 = 2.1721 - 1.0872 = 1.0849
Support second (S2) 1.0861 -( 1.0872 - 1.0852 = 0.0020 ) = 1.0841
Third Support (S3) 1.0852 -( 1.0872 - 1.0861 = 0.0011 x 2 = 0.0023 )= 1.0829
RaKalan
2014-05-27, 06:37 PM
Usdcad pair is taking Down direction which leads me to think that the best price to start selling from is gonna be 1.0851 since it's a strong Support level but that only can happen if the price actually penetrated that level and the current candle stick closes below it.Of course if the price headed the other way then it would surely hit the price 1.0867 if it got penetrated then without doubt it would make a perfect point to start buying .
ng1985
2014-05-27, 06:41 PM
pair- usd/cad
chart analysis time frame- m15
http://i57.tinypic.com/6z6jgg.jpg
the macd indicator is giving us up trend signal and in the price chart its also up from the support at 1.0835 level. the price may be not able to break resistance and again falling down side. we can make short entry with take profit at 1.0815 and stop loss at 1.0860
good luck.
BURHANFX
2014-05-28, 03:06 PM
http://prntscr.com/3nbtyx
analysis for today 5 / 28 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0850
Retracement (50%) 1.0855
retracement (61,8%) 1.0859
Extensions (61.8%) 1.0811
Extensions (100.0%) 1.0796
Extensions (138.2%) 1.0781
Extensions (161.8%) 1.0772
calculation based on a Fibonacci retracement then today I choose sell
ng1985
2014-05-28, 06:57 PM
pair- usd/cad
chart analysis time frame- m15
http://i57.tinypic.com/m8k8lv.jpg
the stoch indicator is showing overbought and in the price chart down movement is hold at the fibo support 78.6 at the 1.0842 level. the price again down trend side if this break support then make short entry with take profit at the 1.0830 level stop loss at the 1.0865
good luck.
ali90
2014-05-29, 05:13 AM
With the market heading Up Today 5/29/2014 for the pair USDCAD the closest resistance level that I can see would be 1.0885
so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 1.0867 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick .
http://uploadyourimages.org/upload/small/2014/05/28/53866fe26526e.JPG (http://uploadyourimages.org/img-53866fe2652a6.html)
http://prntscr.com/3nls5v
analysis for today 5 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 28 / 2014
OPEN 1.0858
HIGH 1.0886
LOW 1.0843
CLOSED 1.0875
The third resistance (R3) 1.0886 -( 1.0868 - 1.0843 = 0.0025 x 2 = 0.0050 )= 1.0936
The second Resistance (R2) 1.0868 + 1.0886 - 1.0843 = 1.0911
First resistance (R1) 1.0868 x 2 = 2.1736 - 1.0843 = 1.0893
pivot points 1.0886 + 1.0843 + 1.0875 = 3.2604 / 3 = 1.0868
Support for the first (S1) 1.0868 x 2 = 2.1736 - 1.0886 = 1.0850
Support second (S2) 1.0868 -( 1.0886 - 1.0843 = 0.0043 ) = 1.0825
Third Support (S3) 1.0843 -( 1.0886 - 1.0868 = 0.0018 x 2 = 0.0036 )= 1.0807
ng1985
2014-05-29, 04:56 PM
pair- usd/cad
chart analysis time frame- m15
http://i59.tinypic.com/2nhluaa.jpg
the price is moving down side and falling the fibo level 61.8 level at the price 1.0855 level and moving up side with breaking the resistance trend line. the macd indicator is giving down trend signal and stoch is also at the oversold level. long with take profit 1.0880
good luck.
BURHANFX
2014-05-29, 07:42 PM
http://prntscr.com/3np523
analysis for today 5 / 29 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0859
Retracement (50%) 1.0865
retracement (61,8%) 1.0870
Extensions (61.8%) 1.0816
Extensions (100.0%) 1.0800
Extensions (138.2%) 1.0784
Extensions (161.8%) 1.0773
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3nw2vk
analysis for today 5 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 29 / 2014
OPEN 1.0874
HIGH 1.0877
LOW 1.0825
CLOSED 1.0836
The third resistance (R3) 1.0877 -( 1.0846 - 1.0825 = 0.0021 x 2 = 0.0042 )= 1.0919
The second Resistance (R2) 1.0846 + 1.0877 - 1.0825 = 1.0898
First resistance (R1) 1.0846 x 2 = 2.1692 - 1.0825 = 1.0867
pivot points 1.0877 + 1.0825 + 1.0836 = 3.2538 / 3 = 1.0846
Support for the first (S1) 1.0846 x 2 = 2.1692 - 1.0877 = 1.0815
Support second (S2) 1.0846 -( 1.0877 - 1.0825 = 0.0052 ) = 1.0794
Third Support (S3) 1.0825 -( 1.0877 - 1.0846 = 0.0031 x 2 = 0.0062 )= 1.0763
ali90
2014-05-30, 08:10 AM
With the market heading Down Today 5/30/2014 for the pair USDCAD the closest resistance level that I can see would be 1.0844
so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 1.0824 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick .
http://uploadyourimages.org/upload/small/2014/05/30/5387e65136e50.JPG (http://uploadyourimages.org/img-5387e65136e8a.html)
ng1985
2014-05-30, 02:52 PM
pair- usd/cad
chart analysis time frame- m15
http://i60.tinypic.com/2899cgh.jpg
the price is falling down side with breaking the pivot support at the 1.0845 level. the stoch indicator is showing oversold as moving at the 20 level. this may be making a pull back setup to move continue down side. hold the short entry with stop loss at 1.0850
good luck.
BURHANFX
2014-05-30, 09:12 PM
http://prntscr.com/3o19qg
analysis for today 5 / 30 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0845
Retracement (50%) 1.0851
retracement (61,8%) 1.0857
Extensions (61.8%) 1.0793
Extensions (100.0%) 1.0773
Extensions (138.2%) 1.0753
Extensions (161.8%) 1.0741
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3oudbj
analysis for today 6 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 30 / 2014
OPEN 1.0836
HIGH 1.0867
LOW 1.0822
CLOSED 1.0844
The third resistance (R3) 1.0867 -( 1.0844 - 1.0822 = 0.0022 x 2 = 0.0045 )= 1.0912
The second Resistance (R2) 1.0844 + 1.0867 - 1.0822 = 1.0889
First resistance (R1) 1.0844 x 2 = 2.1689 - 1.0822 = 1.0867
pivot points 1.0867 + 1.0822 + 1.0844 = 3.2533 / 3 = 1.0844
Support for the first (S1) 1.0844 x 2 = 2.1689 - 1.0867 = 1.0822
Support second (S2) 1.0844 -( 1.0867 - 1.0822 = 0.0045 ) = 1.0799
Third Support (S3) 1.0822 -( 1.0867 - 1.0844 = 0.0023 x 2 = 0.0045 )= 1.0777
ng1985
2014-06-02, 12:43 PM
pair- usd/cad
chart analysis time frame- h1
http://i62.tinypic.com/2hz7n6q.jpg
the price movement can see in the down trend channel pattern but its supported with the moving average 50 at the 1.0843 level. the price is now showing overbought and if this is break support then short with take profit at 1.0820 and stop loss at the 1.0870
good luck.
BURHANFX
2014-06-02, 07:58 PM
http://prntscr.com/3oymle
analysis for today 6 / 2 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0850
Retracement (50%) 1.0845
retracement (61,8%) 1.0839
Extensions (61.8%) 1.0895
Extensions (100.0%) 1.0912
Extensions (138.2%) 1.0929
Extensions (161.8%) 1.0940
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/3p5ufi
analysis for today 6 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 2 / 2014
OPEN 1.0847
HIGH 1.0911
LOW 1.0841
CLOSED 1.0898
The third resistance (R3) 1.0911 -( 1.0883 - 1.0841 = 0.0042 x 2 = 0.0085 )= 1.0996
The second Resistance (R2) 1.0883 + 1.0911 - 1.0841 = 1.0953
First resistance (R1) 1.0883 x 2 = 2.1767 - 1.0841 = 1.0926
pivot points 1.0911 + 1.0841 + 1.0898 = 3.2650 / 3 = 1.0883
Support for the first (S1) 1.0883 x 2 = 2.1767 - 1.0911 = 1.0856
Support second (S2) 1.0883 -( 1.0911 - 1.0841 = 0.0070 ) = 1.0813
Third Support (S3) 1.0841 -( 1.0911 - 1.0883 = 0.0028 x 2 = 0.0055 )= 1.0786
fxearner
2014-06-03, 01:04 PM
kal he canada ka fundmanetal analysis bahut he khraab aaya hai aur esliye ye pair 1.0900 ko break kar gaya tha,ess pair mein northward movement he long term mein bataya jaata hai aur esliye esme traders ko long position lekar he chalna hoga..
fxghost
2014-06-03, 01:09 PM
kal he canada ka fundmanetal analysis bahut he khraab aaya hai aur esliye ye pair 1.0900 ko break kar gaya tha,ess pair mein northward movement he long term mein bataya jaata hai aur esliye esme traders ko long position lekar he chalna hoga..
main to khair CAD ke kisi bhi pairs par trade nahi karta hu mainly main Eur aur Jpy aur USD in teeno par hi concentrate rakhta hu jayda pairs ko analysis karke mujhe kafi jayda confusion paida hoti hain bhaiya ji
ng1985
2014-06-03, 06:23 PM
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/34y9oa1.jpg
the price is continue in its up trend from the supporting at the 1.0892 level. the stoch indicator is showing near to 80 level but the price up movement may break the resistance at 1.0950. we can hold the long entry with the stop loss below the 1.0890
good luck.
BURHANFX
2014-06-03, 07:34 PM
http://prntscr.com/3p9nx3
analysis for today 6 / 3 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0884
Retracement (50%) 1.0876
retracement (61,8%) 1.0868
Extensions (61.8%) 1.0954
Extensions (100.0%) 1.0981
Extensions (138.2%) 1.1008
Extensions (161.8%) 1.1024
calculation based on a Fibonacci retracement then today I choose buy
asingh601
2014-06-03, 08:08 PM
main to khair CAD ke kisi bhi pairs par trade nahi karta hu mainly main Eur aur Jpy aur USD in teeno par hi concentrate rakhta hu jayda pairs ko analysis karke mujhe kafi jayda confusion paida hoti hain bhaiya ji
main bhi is currency ke ek bhi pair me trading nahi karta hun kyonki mujhe kabhi is pair ka movement hi samajh nahi aaya ye kabhi EUR ke news se affect ho jata hai kabhi USD ke news se aur kabhi kisi aur karan se isliye maine dhyan hi nahi diya kabhi is par.
http://prntscr.com/3ph237
analysis for today 6 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 3 / 2014
OPEN 1.0899
HIGH 1.0921
LOW 1.0890
CLOSED 1.0907
The third resistance (R3) 1.0921 -( 1.0906 - 1.0890 = 0.0016 x 2 = 0.0032 )= 1.0953
The second Resistance (R2) 1.0906 + 1.0921 - 1.0890 = 1.0937
First resistance (R1) 1.0906 x 2 = 2.1812 - 1.0890 = 1.0922
pivot points 1.0921 + 1.0890 + 1.0907 = 3.2718 / 3 = 1.0906
Support for the first (S1) 1.0906 x 2 = 2.1812 - 1.0921 = 1.0891
Support second (S2) 1.0906 -( 1.0921 - 1.0890 = 0.0031 ) = 1.0875
Third Support (S3) 1.0890 -( 1.0921 - 1.0906 = 0.0015 x 2 = 0.0030 )= 1.0860
fxearner
2014-06-04, 12:13 PM
main bhi is currency ke ek bhi pair me trading nahi karta hun kyonki mujhe kabhi is pair ka movement hi samajh nahi aaya ye kabhi EUR ke news se affect ho jata hai kabhi USD ke news se aur kabhi kisi aur karan se isliye maine dhyan hi nahi diya kabhi is par.
hanji cad ka currency he aisa hai ki wo eur aur usd dono ki currencies ki wajah se move hota hai lekin aaj ess currency ka bahut bada news hai aur resistance level 1.1000 ko break ke baarein mein market mein kaha jara hai..
http://prntscr.com/3pjjzd
analysis for today 6 / 4 / 2014
USD/CAD
Resistance : R1 1.0981 R2 1.1006 R3 1.1026 R4 1.1056
Support : S1 1.0866 S2 1.0841 S3 1.0821 S4 1.0791
Open : 1.0906
High : 1.0941
Low : 1.0906
Range : 35 Pips
Running Price : 1.0928
Strategy : BUY at the level 1.0928 stop loss at the level 1.0866 target take profit at the level 1.1026 or at the level 1.1056
ng1985
2014-06-04, 06:18 PM
pair- usd/cad
chart analysis time frame- m15
http://i58.tinypic.com/1ysboj.jpg
the stoch indicator is shoing oversold as moving at the 20 level. the price is not able to break the daily support at 1.0921 and moving up side. this is break the resistance at 1.0936. long with the take profit at 1.0980 and stop loss at the 1.0920
good luck.
BURHANFX
2014-06-04, 07:30 PM
http://prntscr.com/3pkwvr
analysis for today 6 / 4 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0902
Retracement (50%) 1.0906
retracement (61,8%) 1.0909
Extensions (61.8%) 1.0871
Extensions (100.0%) 1.0859
Extensions (138.2%) 1.0847
Extensions (161.8%) 1.0840
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3ps4f0
analysis for today 6 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 4 / 2014
OPEN 1.0899
HIGH 1.0921
LOW 1.0890
CLOSED 1.0907
The third resistance (R3) 1.0921 -( 1.0906 - 1.0890 = 0.0016 x 2 = 0.0032 )= 1.0953
The second Resistance (R2) 1.0906 + 1.0921 - 1.0890 = 1.0937
First resistance (R1) 1.0906 x 2 = 2.1812 - 1.0890 = 1.0922
pivot points 1.0921 + 1.0890 + 1.0907 = 3.2718 / 3 = 1.0906
Support for the first (S1) 1.0906 x 2 = 2.1812 - 1.0921 = 1.0891
Support second (S2) 1.0906 -( 1.0921 - 1.0890 = 0.0031 ) = 1.0875
Third Support (S3) 1.0890 -( 1.0921 - 1.0906 = 0.0015 x 2 = 0.0030 )= 1.0860
ng1985
2014-06-05, 06:45 PM
pair- usd/cad
chart analysis time frame- m15
http://i58.tinypic.com/9lcorr.jpg
the macd bar is moving to the zero level side and in the price chart its down movement is hold at the support 1.0915 level and again turn up side. this is now at the pivot level 1.0932 and may moved to the resistance 1.0955 level. long with stop loss at 1.0925
good luck.
http://prntscr.com/3q3lff
analysis for today 6 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 5 / 2014
OPEN 1.0939
HIGH 1.0959
LOW 1.0916
CLOSED 1.0924
The third resistance (R3) 1.0959 -( 1.0933 - 1.0916 = 0.0017 x 2 = 0.0034 )= 1.0993
The second Resistance (R2) 1.0933 + 1.0959 - 1.0916 = 1.0976
First resistance (R1) 1.0933 x 2 = 2.1866 - 1.0916 = 1.0950
pivot points 1.0959 + 1.0916 + 1.0924 = 3.2799 / 3 = 1.0933
Support for the first (S1) 1.0933 x 2 = 2.1866 - 1.0959 = 1.0907
Support second (S2) 1.0933 -( 1.0959 - 1.0916 = 0.0043 ) = 1.0890
Third Support (S3) 1.0916 -( 1.0959 - 1.0933 = 0.0026 x 2 = 0.0052 )= 1.0864
http://prntscr.com/3q5uug
analysis for today 6 / 6 / 2014
USD/CAD
Resistance : R1 1.0983 R2 1.1008 R3 1.1028 R4 1.1058
Support : S1 1.0852 S2 1.0827 S3 1.0807 S4 1.0777
Open : 1.0923
High : 1.0927
Low : 1.0908
Range : 19 Pips
Running Price : 1.0926
Strategy : SELL at the level 1.0926 stop loss at the level 1.0983 target take profit at the level 1.0807 or at the level 1.0777
ng1985
2014-06-06, 06:35 PM
pair- usd/cad
chart analysis time frame- m15
http://i60.tinypic.com/2z6fdzk.jpg
the macd indicator and the stoch both are giving up movement signal and in the price chart it is break the pivot point resistance at 1.0932 level. this may be again to the 1.0956 level. make long entry with stop loss at 1.0900
good luck
BURHANFX
2014-06-06, 07:24 PM
http://prntscr.com/3q729n
analysis for today 6 / 6 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0943
Retracement (50%) 1.0938
retracement (61,8%) 1.0932
Extensions (61.8%) 1.0986
Extensions (100.0%) 1.1002
Extensions (138.2%) 1.1018
Extensions (161.8%) 1.1029
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/3r021c
analysis for today 6 / 9 / 2014
USD/CAD
Resistance : R1 1.0983 R2 1.1008 R3 1.1028 R4 1.1058
Support : S1 1.0852 S2 1.0827 S3 1.0807 S4 1.0777
Open : 1.0923
High : 1.0927
Low : 1.0908
Range : 19 Pips
Running Price : 1.0926
Strategy : BUY at the level 1.0926 stop loss at the level 1.0852 target take profit at the level 1.1028 or at the level 1.1058
http://prntscr.com/3qfhcp
analysis for today 6 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 6 / 2014
OPEN 1.0923
HIGH 1.0947
LOW 1.0908
CLOSED 1.0931
The third resistance (R3) 1.0947 -( 1.0929 - 1.0908 = 0.0021 x 2 = 0.0041 )= 1.0988
The second Resistance (R2) 1.0929 + 1.0947 - 1.0908 = 1.0968
First resistance (R1) 1.0929 x 2 = 2.1857 - 1.0908 = 1.0949
pivot points 1.0947 + 1.0908 + 1.0931 = 3.2786 / 3 = 1.0929
Support for the first (S1) 1.0929 x 2 = 2.1857 - 1.0947 = 1.0910
Support second (S2) 1.0929 -( 1.0947 - 1.0908 = 0.0039 ) = 1.0890
Third Support (S3) 1.0908 -( 1.0947 - 1.0929 = 0.0018 x 2 = 0.0037 )= 1.0871
ng1985
2014-06-09, 07:21 PM
pair- usd/cad
chart analysis time frame- m15
http://i58.tinypic.com/ifwnza.jpg
the stoch indicator is showing oversold as it moving at the 20 level and the price is moved at the daily support level one 1.0909. if this is move above the 1.0920 level then its move up side and will hit the resistance 1.0935 level. long with stop loss at 1.0900
good luck
BURHANFX
2014-06-09, 09:03 PM
http://prntscr.com/3r57dn
analysis for today 6 / 9 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0923
Retracement (50%) 1.0928
retracement (61,8%) 1.0932
Extensions (61.8%) 1.0884
Extensions (100.0%) 1.0869
Extensions (138.2%) 1.0854
Extensions (161.8%) 1.0845
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3rc99y
analysis for today 6 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 9 / 2014
OPEN 1.0926
HIGH 1.0940
LOW 1.0900
CLOSED 1.0904
The third resistance (R3) 1.0940 -( 1.0915 - 1.0900 = 0.0015 x 2 = 0.0029 )= 1.0969
The second Resistance (R2) 1.0915 + 1.0940 - 1.0900 = 1.0955
First resistance (R1) 1.0915 x 2 = 2.1829 - 1.0900 = 1.0929
pivot points 1.0940 + 1.0900 + 1.0904 = 3.2744 / 3 = 1.0915
Support for the first (S1) 1.0915 x 2 = 2.1829 - 1.0940 = 1.0889
Support second (S2) 1.0915 -( 1.0940 - 1.0900 = 0.0040 ) = 1.0875
Third Support (S3) 1.0900 -( 1.0940 - 1.0915 = 0.0025 x 2 = 0.0051 )= 1.0849
Bieela
2014-06-10, 03:42 PM
http://s28.postimg.org/pss77h02l/bieela_2014_06_10.jpg
Today there is a correction for USDCAD, because it can penetrate the pivot for the day ni big possibility will continue to rise to the level of 1.0941, but if it fails will continue today to its lowest level or perhaps to break the 1.0880
http://prntscr.com/3refxi
analysis for today 6 / 10 / 2014
USD/CAD
Resistance : R1 1.0965 R2 1.0990 R3 1.1010 R4 1.1040
Support : S1 1.0842 S2 1.0817 S3 1.0797 S4 1.0767
Open : 1.0904
High : 1.0917
Low : 1.0890
Range : 27 Pips
Running Price : 1.0916
Strategy : BUY at the level 1.0916 stop loss at the level 1.0842 target take profit at the level 1.1010 or at the level 1.1040
ng1985
2014-06-10, 07:06 PM
pair- usd/cad
chart analysis time frame- m15
http://i57.tinypic.com/kedvuc.jpg
the price break the resistance trend line at the 1.0900 and move to the daily pivot point at 1.0914 level. this is rejecting up movement and giving short signal with price is closed below the moving average 14. short with take profit at 1.0880
good luck
BURHANFX
2014-06-10, 09:27 PM
http://prntscr.com/3rh352
analysis for today 6 / 10 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0925
Retracement (50%) 1.0920
retracement (61,8%) 1.0915
Extensions (61.8%) 1.0965
Extensions (100.0%) 1.0980
Extensions (138.2%) 1.0995
Extensions (161.8%) 1.1005
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/3rntfu
analysis for today 6 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 10 / 2014
OPEN 1.0904
HIGH 1.0920
LOW 1.0890
CLOSED 1.0902
The third resistance (R3) 1.0920 -( 1.0904 - 1.0890 = 0.0014 x 2 = 0.0028 )= 1.0948
The second Resistance (R2) 1.0904 + 1.0920 - 1.0890 = 1.0934
First resistance (R1) 1.0904 x 2 = 2.1808 - 1.0890 = 1.0918
pivot points 1.0920 + 1.0890 + 1.0902 = 3.2712 / 3 = 1.0904
Support for the first (S1) 1.0904 x 2 = 2.1808 - 1.0920 = 1.0888
Support second (S2) 1.0904 -( 1.0920 - 1.0890 = 0.0030 ) = 1.0874
Third Support (S3) 1.0890 -( 1.0920 - 1.0904 = 0.0016 x 2 = 0.0032 )= 1.0858
Bieela
2014-06-11, 11:45 AM
http://s14.postimg.org/mkqfln4gx/bieela_2014_06_11.jpg
stoch indicator has shown that he is the OS, this means there will be a reversal or a new bullish trend can be said to arise, the possibility if it could touch the 1.0904 level will continue to rise up to 1.0918 or may be even higher than that
ng1985
2014-06-11, 07:00 PM
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/minf4o.jpg
the price is moving down side with breaking the support at the 1.0887 level and moved to the daily support at 1.0873 level. the stoch indicator is also showing at oversold level 20. so correction can expected. hold the short entry with stop loss at 1.0895
good luck
BURHANFX
2014-06-11, 07:27 PM
http://prntscr.com/3rrw9q
analysis for today 6 / 11 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0901
Retracement (50%) 1.0905
retracement (61,8%) 1.0909
Extensions (61.8%) 1.0871
Extensions (100.0%) 1.0860
Extensions (138.2%) 1.0849
Extensions (161.8%) 1.0841
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3rzj4j
analysis for today 6 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 11 / 2014
OPEN 1.0903
HIGH 1.0906
LOW 1.0861
CLOSED 1.0866
The third resistance (R3) 1.0906 -( 1.0878 - 1.0861 = 0.0017 x 2 = 0.0033 )= 1.0939
The second Resistance (R2) 1.0878 + 1.0906 - 1.0861 = 1.0923
First resistance (R1) 1.0878 x 2 = 2.1755 - 1.0861 = 1.0894
pivot points 1.0906 + 1.0861 + 1.0866 = 3.2633 / 3 = 1.0878
Support for the first (S1) 1.0878 x 2 = 2.1755 - 1.0906 = 1.0849
Support second (S2) 1.0878 -( 1.0906 - 1.0861 = 0.0045 ) = 1.0833
Third Support (S3) 1.0861 -( 1.0906 - 1.0878 = 0.0028 x 2 = 0.0057 )= 1.0804
Bieela
2014-06-12, 01:08 PM
Bearish trend is still clearly visible, it is likely to go up very small, so I predict that the USDCAD may continue to fall to the level of 1.0844 or even lower than 1.0833.
http://s14.postimg.org/shb24a6ox/bieela_2014_06_12.jpg
http://prntscr.com/3s1z2r
analysis for today 6 / 12 / 2014
USD/CAD
Resistance : R1 1.0929 R2 1.0954 R3 1.0974 R4 1.1004
Support : S1 1.0794 S2 1.0769 S3 1.0749 S4 1.0719
Open : 1.0865
High : 1.0869
Low : 1.0854
Range : 15 Pips
Running Price : 1.0857
Strategy : SELL at the level 1.0857 stop loss at the level 1.0929 target take profit at the level 1.0749 or at the level 1.0719
BURHANFX
2014-06-12, 09:39 PM
http://prntscr.com/3s4i5f
analysis for today 6 / 12 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0878
Retracement (50%) 1.0884
retracement (61,8%) 1.0889
Extensions (61.8%) 1.0833
Extensions (100.0%) 1.0816
Extensions (138.2%) 1.0799
Extensions (161.8%) 1.0788
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3sa3zr
analysis for today 6 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 12 / 2014
OPEN 1.0866
HIGH 1.0869
LOW 1.0841
CLOSED 1.0855
The third resistance (R3) 1.0869 -( 1.0855 - 1.0841 = 0.0014 x 2 = 0.0028 )= 1.0897
The second Resistance (R2) 1.0855 + 1.0869 - 1.0841 = 1.0883
First resistance (R1) 1.0855 x 2 = 2.1710 - 1.0841 = 1.0869
pivot points 1.0869 + 1.0841 + 1.0855 = 3.2565 / 3 = 1.0855
Support for the first (S1) 1.0855 x 2 = 2.1710 - 1.0869 = 1.0841
Support second (S2) 1.0855 -( 1.0869 - 1.0841 = 0.0028 ) = 1.0827
Third Support (S3) 1.0841 -( 1.0869 - 1.0855 = 0.0014 x 2 = 0.0028 )= 1.0813
http://prntscr.com/3sbxep
analysis for today 6 / 13 / 2014
USD/CAD
Resistance : R1 1.0926 R2 1.0951 R3 1.0971 R4 1.1001
Support : S1 1.0786 S2 1.0761 S3 1.0741 S4 1.0711
Open : 1.0854
High : 1.0861
Low : 1.0851
Range : 10 Pips
Running Price : 1.0854
Strategy : SELL at the level 1.0854 stop loss at the level 1.0926 target take profit at the level 1.0741 or at the level 1.0711
Bieela
2014-06-13, 04:21 PM
http://s10.postimg.org/ax8i6ox8p/bieela_2014_06_13.jpg
USDCAD today will tend sideways, due to the European session has been no significant movement at all, he will move in the range of 1.0869 - 1.0848. Moment is well suited to use for scalping method using scalping EA.
ng1985
2014-06-13, 06:19 PM
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/adf2vn.jpg
the price movement between the support at 1.0840 and the resistance at 1.0860 level. now the price at the resistance level and stoch is showing overbought. the price may falling down. short with the take profit at 1.0845 and stop loss at 1.0880
good luck
naseebforex
2014-06-13, 06:43 PM
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BURHANFX
2014-06-13, 08:20 PM
http://prntscr.com/3serx0
analysis for today 6 / 13 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0858
Retracement (50%) 1.0855
retracement (61,8%) 1.0852
Extensions (61.8%) 1.0886
Extensions (100.0%) 1.0897
Extensions (138.2%) 1.0908
Extensions (161.8%) 1.0914
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/3t8nu5
analysis for today 6 / 16 / 2014
USD/CAD
Resistance : R1 1.0927 R2 1.0952 R3 1.0972 R4 1.1002
Support : S1 1.0784 S2 1.0759 S3 1.0739 S4 1.0709
Open : 1.0854
High : 1.0859
Low : 1.0852
Range : 7 Pips
Running Price : 1.0852
Strategy : SELL at the level 1.0852 stop loss at the level 1.0927 target take profit at the level 1.0739 or at the level 1.0709
http://prntscr.com/3snb25
analysis for today 6 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 13 / 2014
OPEN 1.0854
HIGH 1.0869
LOW 1.0847
CLOSED 1.0855
The third resistance (R3) 1.0869 -( 1.0857 - 1.0847 = 0.0010 x 2 = 0.0020 )= 1.0889
The second Resistance (R2) 1.0857 + 1.0869 - 1.0847 = 1.0879
First resistance (R1) 1.0857 x 2 = 2.1714 - 1.0847 = 1.0867
pivot points 1.0869 + 1.0847 + 1.0855 = 3.2571 / 3 = 1.0857
Support for the first (S1) 1.0857 x 2 = 2.1714 - 1.0869 = 1.0845
Support second (S2) 1.0857 -( 1.0869 - 1.0847 = 0.0022 ) = 1.0835
Third Support (S3) 1.0847 -( 1.0869 - 1.0857 = 0.0012 x 2 = 0.0024 )= 1.0823
ng1985
2014-06-16, 12:07 PM
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/5cm8u1.jpg
the stoch indicator is showing overbought at its acting at the level 20 and the price is also moving up side from the support at 1.0840 level. if the resistance of moving average 14 is break the it is continue up to the 1.0870 level. long with stop loss at 1.0830
good luck
BURHANFX
2014-06-16, 08:37 PM
http://prntscr.com/3tdunz
analysis for today 6 / 16 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0855
Retracement (50%) 1.0858
retracement (61,8%) 1.0861
Extensions (61.8%) 1.0833
Extensions (100.0%) 1.0825
Extensions (138.2%) 1.0817
Extensions (161.8%) 1.0811
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3tld11
analysis for today 6 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 16 / 2014
OPEN 1.0854
HIGH 1.0881
LOW 1.0838
CLOSED 1.0843
The third resistance (R3) 1.0881 -( 1.0854 - 1.0838 = 0.0016 x 2 = 0.0032 )= 1.0913
The second Resistance (R2) 1.0854 + 1.0881 - 1.0838 = 1.0897
First resistance (R1) 1.0854 x 2 = 2.1708 - 1.0838 = 1.0870
pivot points 1.0881 + 1.0838 + 1.0843 = 3.2562 / 3 = 1.0854
Support for the first (S1) 1.0854 x 2 = 2.1708 - 1.0881 = 1.0827
Support second (S2) 1.0854 -( 1.0881 - 1.0838 = 0.0043 ) = 1.0811
Third Support (S3) 1.0838 -( 1.0881 - 1.0854 = 0.0027 x 2 = 0.0054 )= 1.0784
ng1985
2014-06-17, 04:33 PM
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/sl6xb8.jpg
the is moving up with making the double bottom chart pattern and break the resistance at 1.0850 level. this is now at the fibo resistance level 50 and stoch showing overbought. the price will make correction. hold the long position with stop loss at 1.0840
good luck
BURHANFX
2014-06-17, 08:09 PM
http://prntscr.com/3tpq2b
analysis for today 6 / 17 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0865
Retracement (50%) 1.0860
retracement (61,8%) 1.0854
Extensions (61.8%) 1.0908
Extensions (100.0%) 1.0924
Extensions (138.2%) 1.0940
Extensions (161.8%) 1.0951
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/3twyki
analysis for today 6 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 17 / 2014
OPEN 1.0844
HIGH 1.0874
LOW 1.0841
CLOSED 1.0860
The third resistance (R3) 1.0874 -( 1.0858 - 1.0841 = 0.0017 x 2 = 0.0035 )= 1.0909
The second Resistance (R2) 1.0858 + 1.0874 - 1.0841 = 1.0891
First resistance (R1) 1.0858 x 2 = 2.1717 - 1.0841 = 1.0876
pivot points 1.0874 + 1.0841 + 1.0860 = 3.2575 / 3 = 1.0858
Support for the first (S1) 1.0858 x 2 = 2.1717 - 1.0874 = 1.0843
Support second (S2) 1.0858 -( 1.0874 - 1.0841 = 0.0033 ) = 1.0825
Third Support (S3) 1.0841 -( 1.0874 - 1.0858 = 0.0016 x 2 = 0.0031 )= 1.0810
http://prntscr.com/3ty2yv
analysis for today 6 / 18 / 2014
USD/CAD
Resistance : R1 1.0933 R2 1.0958 R3 1.0978 R4 1.1008
Support : S1 1.0797 S2 1.0772 S3 1.0752 S4 1.0722
Open : 1.0860
High : 1.0872
Low : 1.0858
Range : 14 Pips
Running Price : 1.0869
Strategy : BUY at the level 1.0869 stop loss at the level 1.0797 target take profit at the level 1.0978 or at the level 1.1008
ng1985
2014-06-18, 03:47 PM
pair- usd/cad
chart analysis time frame- m15
http://i58.tinypic.com/28alx03.jpg
the up movement of the price is hold at the resistance at 1.0870 and rejecting down. if this is break the support or daily pivot level at the 1.0858 then its down movement can expected to the support at 1.0842 level. short with the stop loss at 1.0880
good luck
BURHANFX
2014-06-18, 08:28 PM
http://prntscr.com/3u240i
analysis for today 6 / 18 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0861
Retracement (50%) 1.0858
retracement (61,8%) 1.0854
Extensions (61.8%) 1.0894
Extensions (100.0%) 1.0907
Extensions (138.2%) 1.0920
Extensions (161.8%) 1.0927
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/3u8zin
analysis for today 6 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 18 / 2014
OPEN 1.0861
HIGH 1.0893
LOW 1.0835
CLOSED 1.0835
The third resistance (R3) 1.0893 -( 1.0854 - 1.0835 = 0.0019 x 2 = 0.0039 )= 1.0932
The second Resistance (R2) 1.0854 + 1.0893 - 1.0835 = 1.0912
First resistance (R1) 1.0854 x 2 = 2.1709 - 1.0835 = 1.0874
pivot points 1.0893 + 1.0835 + 1.0835 = 3.2563 / 3 = 1.0854
Support for the first (S1) 1.0854 x 2 = 2.1709 - 1.0893 = 1.0816
Support second (S2) 1.0854 -( 1.0893 - 1.0835 = 0.0058 ) = 1.0796
Third Support (S3) 1.0835 -( 1.0893 - 1.0854 = 0.0039 x 2 = 0.0077 )= 1.0758
http://prntscr.com/3ub7aw
analysis for today 6 / 19 / 2014
USD/CAD
Resistance : R1 1.0889 R2 1.0914 R3 1.0934 R4 1.0964
Support : S1 1.0766 S2 1.0741 S3 1.0721 S4 1.0691
Open : 1.0834
High : 1.0841
Low : 1.0814
Range : 0.0027 Pips
Running Price : 1.0821
Strategy : BUY at the level 1.0821 stop loss at the level 1.0766 target take profit at the level 1.0934 or at the level 1.0964
ng1985
2014-06-19, 02:40 PM
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/1zyh8c0.jpg
the price is making lower to low and the macd divergen is lower to high side. the stoch indicator is also moving up side from the level 20. if this is move up side with breaking resistance at 1.0825 then make long entry with take profit at 1.0855
good luck
BURHANFX
2014-06-19, 09:03 PM
http://prntscr.com/3uenkv
analysis for today 6 / 19 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0857
Retracement (50%) 1.0864
retracement (61,8%) 1.0871
Extensions (61.8%) 1.0799
Extensions (100.0%) 1.0777
Extensions (138.2%) 1.0755
Extensions (161.8%) 1.0741
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3uljqp
analysis for today 6 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 19 / 2014
OPEN 1.0836
HIGH 1.0841
LOW 1.0809
CLOSED 1.0817
The third resistance (R3) 1.0841 -( 1.0822 - 1.0809 = 0.0013 x 2 = 0.0027 )= 1.0868
The second Resistance (R2) 1.0822 + 1.0841 - 1.0809 = 1.0854
First resistance (R1) 1.0822 x 2 = 2.1645 - 1.0809 = 1.0836
pivot points 1.0841 + 1.0809 + 1.0817 = 3.2467 / 3 = 1.0822
Support for the first (S1) 1.0822 x 2 = 2.1645 - 1.0841 = 1.0804
Support second (S2) 1.0822 -( 1.0841 - 1.0809 = 0.0032 ) = 1.0790
Third Support (S3) 1.0809 -( 1.0841 - 1.0822 = 0.0019 x 2 = 0.0037 )= 1.0772
http://prntscr.com/3uo3fu
analysis for today 6 / 20 / 2014
USD/CAD
Resistance : R1 1.0888 R2 1.0913 R3 1.0933 R4 1.0963
Support : S1 1.0750 S2 1.0725 S3 1.0705 S4 1.0675
Open : 1.0816
High : 1.0825
Low : 1.0813
Range : 0.0012 Pips
Running Price : 1.0820
Strategy : SELL at the level 1.0820 stop loss at the level 1.0888 target take profit at the level 1.0705 or at the level 1.0675
ng1985
2014-06-20, 08:20 PM
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/34pauzq.jpg
the price is falling down with a strong bearish candle from the resistance at 1.0807 level and move below the daily support level three at the 1.0770 level. the stoch is now showing oversold as its acting below the level 20 so correction can expected. long with take profit at 1.0790 and stop loss at the 1.0745
good luck
ali90
2014-06-23, 04:44 AM
With the market heading Down Today 6/23/2014 for the pair USDCAD the closest resistance level that I can see would be 1.0774
so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 1.0751 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick .
http://uploadyourimages.org/upload/small/2014/06/22/53a75d0f62e6e.JPG (http://uploadyourimages.org/img-53a75d0f62ea8.html)
http://prntscr.com/3uy27g
analysis for today 6 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 20 / 2014
OPEN 1.0817
HIGH 1.0825
LOW 1.0751
CLOSED 1.0757
The third resistance (R3) 1.0825 -( 1.0778 - 1.0751 = 0.0027 x 2 = 0.0053 )= 1.0878
The second Resistance (R2) 1.0778 + 1.0825 - 1.0751 = 1.0852
First resistance (R1) 1.0778 x 2 = 2.1555 - 1.0751 = 1.0804
pivot points 1.0825 + 1.0751 + 1.0757 = 3.2333 / 3 = 1.0778
Support for the first (S1) 1.0778 x 2 = 2.1555 - 1.0825 = 1.0730
Support second (S2) 1.0778 -( 1.0825 - 1.0751 = 0.0074 ) = 1.0704
Third Support (S3) 1.0751 -( 1.0825 - 1.0778 = 0.0047 x 2 = 0.0095 )= 1.0656
ng1985
2014-06-23, 04:39 PM
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/dnj4o0.jpg
the price is making lower to low and the macd divergen is lower to high side. the down movement is hold at the support 1.0715 level the macd indicator is also going to move above zero level. the moving average 14 resistance is also break. long with take profit at the 1.0800 level and stop loss at the 1.0700
good luck
BURHANFX
2014-06-23, 07:48 PM
http://prntscr.com/3vodt2
analysis for today 6 / 23 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0779
Retracement (50%) 1.0788
retracement (61,8%) 1.0797
Extensions (61.8%) 1.0705
Extensions (100.0%) 1.0677
Extensions (138.2%) 1.0649
Extensions (161.8%) 1.0631
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3vvmis
analysis for today 6 / 24 / 2014
USD/CAD
Resistance : R1 1.0798 R2 1.0823 R3 1.0843 R4 1.0873
Support : S1 1.0657 S2 1.0632 S3 1.0612 S4 1.0582
Open : 1.0729
High : 1.0732
Low : 1.0723
Range : 9 Pips
Running Price : 1.0725
Strategy : SELL at the level 1.0725 stop loss at the level 1.0798 target take profit at the level 1.0612 or at the level 1.0582
Bieela
2014-06-24, 01:13 PM
Stoch indicators and moving averages has been clearly seen that there is significant movement in the European and U.S. sessions later. USDCAD will likely continue to trip and fall to the level of 1.0691 to 1.0679 or may be lower than that. Good Luck!
http://s14.postimg.org/82197d0f5/bieela_2014_06_24.jpg
ng1985
2014-06-24, 03:32 PM
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/25kh2xd.jpg
the price is moving down side along the down trend line. the stoch indicator is giving up movement signal and the macd divergen is also moving to the level zero. if this is break the weak resistance at the 1.0724 then it may be moved to the higher resistance at 1.0770 level. long with the stop loss at 1.0700
good luck
http://prntscr.com/3vyry0
analysis for today 6 / 24 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 23 / 2014
OPEN 1.0760
HIGH 1.0760
LOW 1.0716
CLOSED 1.0732
The third resistance (R3) 1.0760 -( 1.0736 - 1.0716 = 0.0020 x 2 = 0.0040 )= 1.0800
The second Resistance (R2) 1.0736 + 1.0760 - 1.0716 = 1.0780
First resistance (R1) 1.0736 x 2 = 2.1472 - 1.0716 = 1.0756
pivot points 1.0760 + 1.0716 + 1.0732 = 3.2208 / 3 = 1.0736
Support for the first (S1) 1.0736 x 2 = 2.1472 - 1.0760 = 1.0712
Support second (S2) 1.0736 -( 1.0760 - 1.0716 = 0.0044 ) = 1.0692
Third Support (S3) 1.0716 -( 1.0760 - 1.0736 = 0.0024 x 2 = 0.0048 )= 1.0668
BURHANFX
2014-06-24, 09:42 PM
http://prntscr.com/3w1gog
analysis for today 6 / 24 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0733
Retracement (50%) 1.0738
retracement (61,8%) 1.0743
Extensions (61.8%) 1.0689
Extensions (100.0%) 1.0672
Extensions (138.2%) 1.0655
Extensions (161.8%) 1.0645
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3w86n4
analysis for today 6 / 25 / 2014
USD/CAD
Resistance : R1 1.0815 R2 1.0840 R3 1.0860 R4 1.0890
Support : S1 1.0673 S2 1.0648 S3 1.0628 S4 1.0598
Open : 1.0744
High : 1.0748
Low : 1.0740
Range : 0.0008 Pips
Running Price : 1.0747
Strategy : SELL at the level 1.0747 stop loss at the level 1.0815 target take profit at the level 1.0628 or at the level 1.0598
ng1985
2014-06-25, 06:36 PM
pair- usd/cad
chart analysis time frame- h1
http://i61.tinypic.com/zyefo.jpg
the price is not able to break the support at 1.0720 level and moving up. this up movement is break the moving average resistance and pivot point 1.0734 level. the price is also oversold with the parabolic sar so up movement can expected. long with take profit at 1.0760 and stop loss at 1.0700
good luck
http://prntscr.com/3wjuo1
analysis for today 6 / 26 / 2014
USD/CAD
Resistance : R1 1.0794 R2 1.0819 R3 1.0839 R4 1.0869
Support : S1 1.0650 S2 1.0625 S3 1.0605 S4 1.0575
Open : 1.0719
High : 1.0725
Low : 1.0719
Range : 0.0006 Pips
Running Price : 1.0722
Strategy : SELL at the level 1.0722 stop loss at the level 1.0794 target take profit at the level 1.0605 or at the level 1.0575
http://prntscr.com/3y7szk
analysis for today 7 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 30 / 2014
OPEN 1.0667
HIGH 1.0696
LOW 1.0650
CLOSED 1.0670
The third resistance (R3) 1.0696 -( 1.0672 - 1.0650 = 0.0022 x 2 = 0.0044 )= 1.0740
The second Resistance (R2) 1.0672 + 1.0696 - 1.0650 = 1.0718
First resistance (R1) 1.0672 x 2 = 2.1344 - 1.0650 = 1.0694
pivot points 1.0696 + 1.0650 + 1.0670 = 3.2016 / 3 = 1.0672
Support for the first (S1) 1.0672 x 2 = 2.1344 - 1.0696 = 1.0648
Support second (S2) 1.0672 -( 1.0696 - 1.0650 = 0.0046 ) = 1.0626
Third Support (S3) 1.0650 -( 1.0696 - 1.0672 = 0.0024 x 2 = 0.0048 )= 1.0602
BURHANFX
2014-07-01, 07:11 PM
http://prntscr.com/3yb4he
analysis for today 7 / 1 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0668
Retracement (50%) 1.0673
retracement (61,8%) 1.0678
Extensions (61.8%) 1.0622
Extensions (100.0%) 1.0604
Extensions (138.2%) 1.0586
Extensions (161.8%) 1.0576
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3yiz8u
analysis for today 7 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 1 / 2014
OPEN 1.0669
HIGH 1.0677
LOW 1.0630
CLOSED 1.0631
The third resistance (R3) 1.0677 -( 1.0646 - 1.0630 = 0.0016 x 2 = 0.0032 )= 1.0709
The second Resistance (R2) 1.0646 + 1.0677 - 1.0630 = 1.0693
First resistance (R1) 1.0646 x 2 = 2.1292 - 1.0630 = 1.0662
pivot points 1.0677 + 1.0630 + 1.0631 = 3.1938 / 3 = 1.0646
Support for the first (S1) 1.0646 x 2 = 2.1292 - 1.0677 = 1.0615
Support second (S2) 1.0646 -( 1.0677 - 1.0630 = 0.0047 ) = 1.0599
Third Support (S3) 1.0630 -( 1.0677 - 1.0646 = 0.0031 x 2 = 0.0062 )= 1.0568
BURHANFX
2014-07-02, 07:03 PM
http://prntscr.com/3yn9xr
analysis for today 7 / 2 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0659
Retracement (50%) 1.0654
retracement (61,8%) 1.0648
Extensions (61.8%) 1.0706
Extensions (100.0%) 1.0724
Extensions (138.2%) 1.0742
Extensions (161.8%) 1.0753
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/3yv6t3
analysis for today 7 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 2 / 2014
OPEN 1.0631
HIGH 1.0670
LOW 1.0626
CLOSED 1.0664
The third resistance (R3) 1.0670 -( 1.0653 - 1.0626 = 0.0027 x 2 = 0.0055 )= 1.0725
The second Resistance (R2) 1.0653 + 1.0670 - 1.0626 = 1.0697
First resistance (R1) 1.0653 x 2 = 2.1307 - 1.0626 = 1.0681
pivot points 1.0670 + 1.0626 + 1.0664 = 3.1960 / 3 = 1.0653
Support for the first (S1) 1.0653 x 2 = 2.1307 - 1.0670 = 1.0637
Support second (S2) 1.0653 -( 1.0670 - 1.0626 = 0.0044 ) = 1.0609
Third Support (S3) 1.0626 -( 1.0670 - 1.0653 = 0.0017 x 2 = 0.0033 )= 1.0593
BURHANFX
2014-07-03, 09:04 PM
analysis for today 7 / 3 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0643
Retracement (50%) 1.0648
retracement (61,8%) 1.0653
Extensions (61.8%) 1.0599
Extensions (100.0%) 1.0582
Extensions (138.2%) 1.0565
Extensions (161.8%) 1.0555
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3z7hc2
analysis for today 7 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 3 / 2014
OPEN 1.0663
HIGH 1.0680
LOW 1.0619
CLOSED 1.0633
The third resistance (R3) 1.0680 -( 1.0644 - 1.0619 = 0.0025 x 2 = 0.0050 )= 1.0730
The second Resistance (R2) 1.0644 + 1.0680 - 1.0619 = 1.0705
First resistance (R1) 1.0644 x 2 = 2.1288 - 1.0619 = 1.0669
pivot points 1.0680 + 1.0619 + 1.0633 = 3.1932 / 3 = 1.0644
Support for the first (S1) 1.0644 x 2 = 2.1288 - 1.0680 = 1.0608
Support second (S2) 1.0644 -( 1.0680 - 1.0619 = 0.0061 ) = 1.0583
Third Support (S3) 1.0619 -( 1.0680 - 1.0644 = 0.0036 x 2 = 0.0072 )= 1.0547
BURHANFX
2014-07-04, 08:18 PM
http://prntscr.com/3zcceg
analysis for today 7 / 4 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0642
Retracement (50%) 1.0650
retracement (61,8%) 1.0657
Extensions (61.8%) 1.0581
Extensions (100.0%) 1.0558
Extensions (138.2%) 1.0535
Extensions (161.8%) 1.0520
calculation based on a Fibonacci retracement then today I choose sell
ng1985
2014-07-04, 08:58 PM
pair- usd/cad
chart analysis time frame- m15
http://i57.tinypic.com/24no22t.jpg
the down movement of the pirce is hold at the support 1.0620 level and moving up side. now this is at the the daily pivot point or fibo resistance level 38.2 that may be not break and its again falling down. we can hold the short entry with stop loss at 1.0650 and profit target at 1.0650
good luck
http://prntscr.com/404spm
analysis for today 7 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 4 / 2014
OPEN 1.0633
HIGH 1.0658
LOW 1.0629
CLOSED 1.0651
The third resistance (R3) 1.0658 -( 1.0646 - 1.0629 = 0.0017 x 2 = 0.0034 )= 1.0692
The second Resistance (R2) 1.0646 + 1.0658 - 1.0629 = 1.0675
First resistance (R1) 1.0646 x 2 = 2.1292 - 1.0629 = 1.0663
pivot points 1.0658 + 1.0629 + 1.0651 = 3.1938 / 3 = 1.0646
Support for the first (S1) 1.0646 x 2 = 2.1292 - 1.0658 = 1.0634
Support second (S2) 1.0646 -( 1.0658 - 1.0629 = 0.0029 ) = 1.0617
Third Support (S3) 1.0629 -( 1.0658 - 1.0646 = 0.0012 x 2 = 0.0024 )= 1.0605
BURHANFX
2014-07-07, 08:37 PM
http://prntscr.com/40a2dd
analysis for today 7 / 7 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0647
Retracement (50%) 1.0644
retracement (61,8%) 1.0640
Extensions (61.8%) 1.0676
Extensions (100.0%) 1.0687
Extensions (138.2%) 1.0698
Extensions (161.8%) 1.0705
calculation based on a Fibonacci retracement then today I choose buy
Ramzy.hassan
2014-07-08, 05:23 AM
My forecasting for today on the USDCAD shows that the price is currently moving upwards through the up channel as you can see .
Awesome oscillator is a good indicator to avoid side trend market and it is currently showing a buy signal by getting a green bars located above the 0 th level to indicate a bullish trend .
Now when you take a close look to the chart you can see that the price hit the high edge of donchin channel which can be a good bearish signal till the price be able to hit the low edge of it .
Finally another buy condition is shown by getting up cross at the stostatic indicator and the two lines is almost at level of 80 .
To finish the forecasting I gess that you can consider a bearish trend on the short term and then sell orders can take place as soon as you can see clear signals on both awesome oscillator and stostatic .
https://charts.mql5.com/5/156/usdcad-h1-*********-lp-2.png
http://prntscr.com/40hlqh
analysis for today 7 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 7 / 2014
OPEN 1.0648
HIGH 1.0683
LOW 1.0630
CLOSED 1.0683
The third resistance (R3) 1.0683 -( 1.0665 - 1.0630 = 0.0035 x 2 = 0.0071 )= 1.0754
The second Resistance (R2) 1.0665 + 1.0683 - 1.0630 = 1.0718
First resistance (R1) 1.0665 x 2 = 2.1331 - 1.0630 = 1.0701
pivot points 1.0683 + 1.0630 + 1.0683 = 3.1996 / 3 = 1.0665
Support for the first (S1) 1.0665 x 2 = 2.1331 - 1.0683 = 1.0648
Support second (S2) 1.0665 -( 1.0683 - 1.0630 = 0.0053 ) = 1.0612
Third Support (S3) 1.0630 -( 1.0683 - 1.0665 = 0.0018 x 2 = 0.0035 )= 1.0595
fxearner
2014-07-08, 04:45 PM
usd/cad last week kaafi jada down hua hai aur ess pair ko ab sabhi buyers buy karne lag gaye hai kyunki esme sabhi ko upward ka trend aage future mein dikh raha hai,esme trader ko long term trade karke he chalna hoga tabhi wo earn kar sakenga..
BURHANFX
2014-07-08, 08:58 PM
http://prntscr.com/40mmwt
analysis for today 7 / 8 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0663
Retracement (50%) 1.0657
retracement (61,8%) 1.0650
Extensions (61.8%) 1.0716
Extensions (100.0%) 1.0736
Extensions (138.2%) 1.0756
Extensions (161.8%) 1.0769
calculation based on a Fibonacci retracement then today I choose buy
---------- Post added at 10:28 PM ---------- Previous post was at 10:06 PM ----------
hhttp://prntscr.com/40mmwt
analysis for today 7 / 8 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0663
Retracement (50%) 1.0657
retracement (61,8%) 1.0650
Extensions (61.8%) 1.0716
Extensions (100.0%) 1.0736
Extensions (138.2%) 1.0756
Extensions (161.8%) 1.0769
calculation based on a Fibonacci retracement then today I choose buy
gendengFX
2014-07-08, 10:01 PM
USDCAD Technical Analysis for 08.07.2014
http://cdn.imghack.se/images/dd3c97f7dd66e61ee2a14e8b9c9b85a2.png
TIME FRAME H1
10/3.0 Super Trend: Bearish
EMA 28: Bearish
Parabolic SAR 0.05/0.2: Bearish
30/60/30 MACD: Bullish
Conclusion: Neutral
halloiasan
2014-07-09, 07:12 AM
By analyzing the USDCAD we can but a bullish chanel to limit the movement of the market inti two trend lines .
The price is moving at the lower edge of the donchin channel so you may think about buying as long as there is no opposite signs appear on the Awesome oscillator .
The Awesome oscillator has a red bar appears above the level of 0 and it is considered a good sell signal .
Also the stostatic indicator shows buy signal by showing up intersection between the two lines near the 80 th level .
Till this moment bullish trend is the choise and also buying targeting the upper edge of the donchin channel is not a bad idea at all .
http://img819.imageshack.us/img819/4725/putr.png (http://img819.imageshack.us/i/putr.png/)
samoo
2014-07-09, 10:05 AM
A bearish signal is now live on the Histogram indicator to show a possibility of dowbward trend for the USDCAD chart.
Also there is a red line shown on the Market emotion indicator to indicate a negative signal about the market for the current day.
In additional you can see the red bar formed at the Guru indicator which located above the 0 level then it can be counted as a bearish trend signal on the short term.
Now a quick look on the chart will cause you to find the bullish intersection between the EMA9 and EMA152 to inform you about a buy trade to take a place.
After the previous signals then I guess a bullish trend to occur on this day and I think according to that the target of buy trades can be set to 1.0722 as you can recognize it as the nearest resistance to the current prices.
http://img819.imageshack.us/img819/6761/nxof.png (http://img819.imageshack.us/i/nxof.png/)
heboo
2014-07-09, 11:10 AM
We can find a bearish trend on the USDCAD chart by getting the yellow color of the golden tendency string indicator .
There is another sign for downward appears on the golden finger indicator that shows a orange dot at the top of the chart that is a good sign for going south and for more confirmation there is a blue candle made by the golden super K indicator.
A bearish trend signal can be indicated on MACD because you can find a sell cross below the level of 0.
I think that the support 1.0633 is a strong support and it is a good place to use the take profit.
The golden varitey indicator has 3down signals of four as total which indicate a bearish signal that increase the chance of getting a strong downward trend.
http://img856.imageshack.us/img856/1290/s85r.png (http://img856.imageshack.us/i/s85r.png/)
hady11
2014-07-10, 07:56 AM
you can see that the zigzag indicator forms a Bottom as the last signal at 1.0639 on the USDCAD .
Also the price is now moving near the boolinger babds Lower level which may be a good signal for going north at the current day .
By taking a look at RSI you can monitor that the RSI showing a value of 44 and heading to the 30 th level by now .
And about the stostatic the price is now near 20 level with a value of 45 which can be a good buy level.
http://img822.imageshack.us/img822/1917/bh1rw.jpg (http://img822.imageshack.us/i/bh1rw.jpg/)
halloiasan
2014-07-10, 08:07 AM
By analyzing the USDCAD we can but a bullish chanel to limit the movement of the market inti two trend lines .
The price is moving at the upper edge of the donchin channel so you may think about selling as long as there is no opposite signs appear on the Awesome oscillator .
The Awesome oscillator has a green bar appears above the level of 0 and it is considered a good buy signal .
Also the stostatic indicator shows buy signal by showing up intersection between the two lines near the 80 th level .
Till this moment bearish trend is the choise and also selling targeting the lower edge of the donchin channel is not a bad idea at all .
http://img849.imageshack.us/img849/1428/qvji.png (http://img849.imageshack.us/i/qvji.png/)
ali90
2014-07-10, 08:46 AM
After taking a quick look on the chart of USDCAD first thing you have a good sell signal on the Henkin Ashi and down arrow on the chart .
In the same time a sell signal occurs on the trend session indicator by showing a red bar at the last candle .
In additional to a sell cross taking a place on the trend following indicators Snake and T3-Clean which may be a good signal to open a sell possitions at any good place .
If you decided to sell you should keep an eye on the level 1.06 as the price bounced from it the last time then you can consider it asa your first support to close your order once hitting it .
http://img841.imageshack.us/img841/7614/577j.png (http://img841.imageshack.us/i/577j.png/)
heboo
2014-07-10, 09:24 AM
We can find a bearish trend on the USDCAD chart by getting the yellow color of the golden tendency string indicator .
There is another sign for downward appears on the golden finger indicator that shows a orange dot at the top of the chart that is a good sign for going south and for more confirmation there is a red candle made by the golden super K indicator.
A bearish trend signal can be indicated on MACD because you can find a sell cross above the level of 0.
I think that the support 1.0687 is a strong support and it is a good place to use the take profit.
The golden varitey indicator has 4down signals of four as total which indicate a bearish signal that increase the chance of getting a strong downward trend.
http://img849.imageshack.us/img849/1245/1zs8.png (http://img849.imageshack.us/i/1zs8.png/)
alili
2014-07-10, 09:53 AM
If you use channel indicator to analyze the market then you can easily indicate that the price was at support whith is the Green line on the TMA indicator and this is a bullish signal that can be used to buy the USDCAD pair today
A new Yellow and orange point appears on the chart to tell us that there is a good chance for the price to move down through the day .
By the way a Green line is now shown on the timig indicator to notice a buy condition for the current time and it is also near the level of 50 .
Finally selling can be a choise for today as long as you can find a confirmation on the timing indicator or an opposite signal didn't appear on the chart .
http://img834.imageshack.us/img834/7066/883fe.jpg (http://img834.imageshack.us/i/883fe.jpg/)
http://prntscr.com/416bey
analysis for today 7 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 9 / 2014
OPEN 1.0677
HIGH 1.0683
LOW 1.0641
CLOSED 1.0650
The third resistance (R3) 1.0683 -( 1.0658 - 1.0641 = 0.0017 x 2 = 0.0034 )= 1.0717
The second Resistance (R2) 1.0658 + 1.0683 - 1.0641 = 1.0700
First resistance (R1) 1.0658 x 2 = 2.1316 - 1.0641 = 1.0675
pivot points 1.0683 + 1.0641 + 1.0650 = 3.1974 / 3 = 1.0658
Support for the first (S1) 1.0658 x 2 = 2.1316 - 1.0683 = 1.0633
Support second (S2) 1.0658 -( 1.0683 - 1.0641 = 0.0042 ) = 1.0616
Third Support (S3) 1.0641 -( 1.0683 - 1.0658 = 0.0025 x 2 = 0.0050 )= 1.0591
BURHANFX
2014-07-10, 08:07 PM
http://prntscr.com/419ael
analysis for today 7 / 10 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0667
Retracement (50%) 1.0662
retracement (61,8%) 1.0657
Extensions (61.8%) 1.0709
Extensions (100.0%) 1.0725
Extensions (138.2%) 1.0741
Extensions (161.8%) 1.0751
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/41jz14
analysis for today 7 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 10 / 2014
OPEN 1.0651
HIGH 1.0674
LOW 1.0644
CLOSED 1.0649
The third resistance (R3) 1.0674 -( 1.0656 - 1.0644 = 0.0012 x 2 = 0.0023 )= 1.0697
The second Resistance (R2) 1.0656 + 1.0674 - 1.0644 = 1.0686
First resistance (R1) 1.0656 x 2 = 2.1311 - 1.0644 = 1.0667
pivot points 1.0674 + 1.0644 + 1.0649 = 3.1967 / 3 = 1.0656
Support for the first (S1) 1.0656 x 2 = 2.1311 - 1.0674 = 1.0637
Support second (S2) 1.0656 -( 1.0674 - 1.0644 = 0.0030 ) = 1.0626
Third Support (S3) 1.0644 -( 1.0674 - 1.0656 = 0.0018 x 2 = 0.0037 )= 1.0607
BURHANFX
2014-07-11, 08:13 PM
http://prntscr.com/41m1cz
analysis for today 7 / 11 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0663
Retracement (50%) 1.0659
retracement (61,8%) 1.0655
Extensions (61.8%) 1.0693
Extensions (100.0%) 1.0704
Extensions (138.2%) 1.0715
Extensions (161.8%) 1.0723
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/42hld0
analysis for today 7 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 11 / 2014
OPEN 1.0649
HIGH 1.0736
LOW 1.0630
CLOSED 1.0734
The third resistance (R3) 1.0736 -( 1.0700 - 1.0630 = 0.0070 x 2 = 0.0140 )= 1.0876
The second Resistance (R2) 1.0700 + 1.0736 - 1.0630 = 1.0806
First resistance (R1) 1.0700 x 2 = 2.1400 - 1.0630 = 1.0770
pivot points 1.0736 + 1.0630 + 1.0734 = 3.2100 / 3 = 1.0700
Support for the first (S1) 1.0700 x 2 = 2.1400 - 1.0736 = 1.0664
Support second (S2) 1.0700 -( 1.0736 - 1.0630 = 0.0106 ) = 1.0594
Third Support (S3) 1.0630 -( 1.0736 - 1.0700 = 0.0036 x 2 = 0.0072 )= 1.0558
BURHANFX
2014-07-14, 08:36 PM
http://prntscr.com/42ksis
analysis for today 7 / 14 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0696
Retracement (50%) 1.0683
retracement (61,8%) 1.0670
Extensions (61.8%) 1.0802
Extensions (100.0%) 1.0842
Extensions (138.2%) 1.0882
Extensions (161.8%) 1.0908
calculation based on a Fibonacci retracement then today I choose buy
Gamabunta
2014-07-14, 11:12 PM
I think that we can sell with targets up to 1.0693 and then 1.0631.
If the price breaks the top of the channel, it may cause in a big rise.
http://i.imgur.com/Q4PTacX.png
http://prntscr.com/42rv97
analysis for today 7 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 14 / 2014
OPEN 1.0734
HIGH 1.0746
LOW 1.0709
CLOSED 1.0711
The third resistance (R3) 1.0746 -( 1.0722 - 1.0709 = 0.0013 x 2 = 0.0026 )= 1.0772
The second Resistance (R2) 1.0722 + 1.0746 - 1.0709 = 1.0759
First resistance (R1) 1.0722 x 2 = 2.1444 - 1.0709 = 1.0735
pivot points 1.0746 + 1.0709 + 1.0711 = 3.2166 / 3 = 1.0722
Support for the first (S1) 1.0722 x 2 = 2.1444 - 1.0746 = 1.0698
Support second (S2) 1.0722 -( 1.0746 - 1.0709 = 0.0037 ) = 1.0685
Third Support (S3) 1.0709 -( 1.0746 - 1.0722 = 0.0024 x 2 = 0.0048 )= 1.0661
BURHANFX
2014-07-15, 08:00 PM
http://prntscr.com/42wukc
analysis for today 7 / 15 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0732
Retracement (50%) 1.0728
retracement (61,8%) 1.0723
Extensions (61.8%) 1.0769
Extensions (100.0%) 1.0783
Extensions (138.2%) 1.0797
Extensions (161.8%) 1.0806
calculation based on a Fibonacci retracement then today I choose buy
Gamabunta
2014-07-15, 10:50 PM
Canadian Dollar pair fell yesterday for a correction after the strong rise at the end of trading last week, the pair approached the first of our goal at levels of 1.0814. We expect the pair to reach them during this week.
http://i.imgur.com/JOcM4x1.png
http://prntscr.com/434qjz
analysis for today 7 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 15 / 2014
OPEN 1.0711
HIGH 1.0768
LOW 1.0710
CLOSED 1.0757
The third resistance (R3) 1.0768 -( 1.0745 - 1.0710 = 0.0035 x 2 = 0.0070 )= 1.0838
The second Resistance (R2) 1.0745 + 1.0768 - 1.0710 = 1.0803
First resistance (R1) 1.0745 x 2 = 2.1490 - 1.0710 = 1.0780
pivot points 1.0768 + 1.0710 + 1.0757 = 3.2235 / 3 = 1.0745
Support for the first (S1) 1.0745 x 2 = 2.1490 - 1.0768 = 1.0722
Support second (S2) 1.0745 -( 1.0768 - 1.0710 = 0.0058 ) = 1.0687
Third Support (S3) 1.0710 -( 1.0768 - 1.0745 = 0.0023 x 2 = 0.0046 )= 1.0664
BURHANFX
2014-07-16, 07:59 PM
http://prntscr.com/4395r4
analysis for today 7 / 16 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0746
Retracement (50%) 1.0739
retracement (61,8%) 1.0732
Extensions (61.8%) 1.0804
Extensions (100.0%) 1.0826
Extensions (138.2%) 1.0848
Extensions (161.8%) 1.0862
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/43hf4c
analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 16 / 2014
OPEN 1.0757
HIGH 1.0794
LOW 1.0722
CLOSED 1.0741
The third resistance (R3) 1.0794 -( 1.0752 - 1.0722 = 0.0030 x 2 = 0.0061 )= 1.0855
The second Resistance (R2) 1.0752 + 1.0794 - 1.0722 = 1.0824
First resistance (R1) 1.0752 x 2 = 2.1505 - 1.0722 = 1.0783
pivot points 1.0794 + 1.0722 + 1.0741 = 3.2257 / 3 = 1.0752
Support for the first (S1) 1.0752 x 2 = 2.1505 - 1.0794 = 1.0711
Support second (S2) 1.0752 -( 1.0794 - 1.0722 = 0.0072 ) = 1.0680
Third Support (S3) 1.0722 -( 1.0794 - 1.0752 = 0.0042 x 2 = 0.0083 )= 1.0639
BURHANFX
2014-07-17, 08:06 PM
http://prntscr.com/43l8m7
analysis for today 7 / 17 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0750
Retracement (50%) 1.0758
retracement (61,8%) 1.0766
Extensions (61.8%) 1.0678
Extensions (100.0%) 1.0650
Extensions (138.2%) 1.0622
Extensions (161.8%) 1.0606
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/43vb3v
analysis for today 7 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 17 / 2014
OPEN 1.0742
HIGH 1.0762
LOW 1.0727
CLOSED 1.0761
The third resistance (R3) 1.0762 -( 1.0750 - 1.0727 = 0.0023 x 2 = 0.0046 )= 1.0808
The second Resistance (R2) 1.0750 + 1.0762 - 1.0727 = 1.0785
First resistance (R1) 1.0750 x 2 = 2.1500 - 1.0727 = 1.0773
pivot points 1.0762 + 1.0727 + 1.0761 = 3.2250 / 3 = 1.0750
Support for the first (S1) 1.0750 x 2 = 2.1500 - 1.0762 = 1.0738
Support second (S2) 1.0750 -( 1.0762 - 1.0727 = 0.0035 ) = 1.0715
Third Support (S3) 1.0727 -( 1.0762 - 1.0750 = 0.0012 x 2 = 0.0024 )= 1.0703
http://prntscr.com/44qm0r
analysis for today 7 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 18 / 2014
OPEN 1.0760
HIGH 1.0766
LOW 1.0709
CLOSED 1.0732
The third resistance (R3) 1.0766 -( 1.0736 - 1.0709 = 0.0027 x 2 = 0.0053 )= 1.0819
The second Resistance (R2) 1.0736 + 1.0766 - 1.0709 = 1.0793
First resistance (R1) 1.0736 x 2 = 2.1471 - 1.0709 = 1.0762
pivot points 1.0766 + 1.0709 + 1.0732 = 3.2207 / 3 = 1.0736
Support for the first (S1) 1.0736 x 2 = 2.1471 - 1.0766 = 1.0705
Support second (S2) 1.0736 -( 1.0766 - 1.0709 = 0.0057 ) = 1.0679
Third Support (S3) 1.0709 -( 1.0766 - 1.0736 = 0.0030 x 2 = 0.0061 )= 1.0648
balakmk9
2014-07-21, 02:57 PM
Usdcad daily outlook 21-07-2014
Using 1. 0693 minimal support intact, further rise remains expected in USD/CAD. Due to the fact the pair has drawn strong support from 1. 0680 cluster and the long term trend line, we have been favoring the bullish scenario. That is, your corrective pull rear from 1. 1278 has completed at 1. 0620 witout a doubt. And further rise is likely to 1. 0813. Definitive break there may confirm this bullish scenario and target 1. 0960 and above. Meanwhile,, below 1. 0693 will dampen this case and turn bias to the downside for 1. 0608 crucial support instead.
BURHANFX
2014-07-21, 07:37 PM
http://prntscr.com/44uhyy
analysis for today 7 / 21 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0744
Retracement (50%) 1.0738
retracement (61,8%) 1.0731
Extensions (61.8%) 1.0801
Extensions (100.0%) 1.0823
Extensions (138.2%) 1.0845
Extensions (161.8%) 1.0858
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/4525c3
analysis for today 7 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 21 / 2014
OPEN 1.0733
HIGH 1.0751
LOW 1.0725
CLOSED 1.0738
The third resistance (R3) 1.0751 -( 1.0738 - 1.0725 = 0.0013 x 2 = 0.0026 )= 1.0777
The second Resistance (R2) 1.0738 + 1.0751 - 1.0725 = 1.0764
First resistance (R1) 1.0738 x 2 = 2.1476 - 1.0725 = 1.0751
pivot points 1.0751 + 1.0725 + 1.0738 = 3.2214 / 3 = 1.0738
Support for the first (S1) 1.0738 x 2 = 2.1476 - 1.0751 = 1.0725
Support second (S2) 1.0738 -( 1.0751 - 1.0725 = 0.0026 ) = 1.0712
Third Support (S3) 1.0725 -( 1.0751 - 1.0738 = 0.0013 x 2 = 0.0026 )= 1.0699
BURHANFX
2014-07-22, 08:10 PM
http://prntscr.com/456xmk
analysis for today 7 / 22 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0735
Retracement (50%) 1.0738
retracement (61,8%) 1.0741
Extensions (61.8%) 1.0709
Extensions (100.0%) 1.0699
Extensions (138.2%) 1.0689
Extensions (161.8%) 1.0683
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/45ego0
analysis for today 7 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 22 / 2014
OPEN 1.0737
HIGH 1.0759
LOW 1.0730
CLOSED 1.0738
The third resistance (R3) 1.0759 -( 1.0742 - 1.0730 = 0.0012 x 2 = 0.0025 )= 1.0784
The second Resistance (R2) 1.0742 + 1.0759 - 1.0730 = 1.0771
First resistance (R1) 1.0742 x 2 = 2.1485 - 1.0730 = 1.0755
pivot points 1.0759 + 1.0730 + 1.0738 = 3.2227 / 3 = 1.0742
Support for the first (S1) 1.0742 x 2 = 2.1485 - 1.0759 = 1.0726
Support second (S2) 1.0742 -( 1.0759 - 1.0730 = 0.0029 ) = 1.0713
Third Support (S3) 1.0730 -( 1.0759 - 1.0742 = 0.0017 x 2 = 0.0033 )= 1.0697
BURHANFX
2014-07-23, 07:44 PM
http://prntscr.com/45j4oo
analysis for today 7 / 23 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0741
Retracement (50%) 1.0745
retracement (61,8%) 1.0748
Extensions (61.8%) 1.0712
Extensions (100.0%) 1.0701
Extensions (138.2%) 1.0690
Extensions (161.8%) 1.0683
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/45r841
analysis for today 7 / 24 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 23 / 2014
OPEN 1.0737
HIGH 1.0745
LOW 1.0709
CLOSED 1.0727
The third resistance (R3) 1.0745 -( 1.0727 - 1.0709 = 0.0018 x 2 = 0.0036 )= 1.0781
The second Resistance (R2) 1.0727 + 1.0745 - 1.0709 = 1.0763
First resistance (R1) 1.0727 x 2 = 2.1454 - 1.0709 = 1.0745
pivot points 1.0745 + 1.0709 + 1.0727 = 3.2181 / 3 = 1.0727
Support for the first (S1) 1.0727 x 2 = 2.1454 - 1.0745 = 1.0709
Support second (S2) 1.0727 -( 1.0745 - 1.0709 = 0.0036 ) = 1.0691
Third Support (S3) 1.0709 -( 1.0745 - 1.0727 = 0.0018 x 2 = 0.0036 )= 1.0673
BURHANFX
2014-07-24, 10:37 PM
http://prntscr.com/45u79m
analysis for today 7 / 24 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0723
Retracement (50%) 1.0727
retracement (61,8%) 1.0731
Extensions (61.8%) 1.0687
Extensions (100.0%) 1.0673
Extensions (138.2%) 1.0659
Extensions (161.8%) 1.0651
calculation based on a Fibonacci retracement then today I choose sell
---------- Post added 07-25-2014 at 12:07 AM ---------- Previous post was 07-24-2014 at 06:46 PM ----------
http://prntscr.com/45x1uw
analysis for today 7 / 24 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.4450
Retracement (50%) 1.4444
retracement (61,8%) 1.4437
Extensions (61.8%) 1.4503
Extensions (100.0%) 1.4523
Extensions (138.2%) 1.4543
Extensions (161.8%) 1.4556
calculation based on a Fibonacci retracement then today I choose buy
halloiasan
2014-07-25, 07:59 AM
By analyzing the USDCAD we can but a bullish chanel to limit the movement of the market inti two trend lines The price is moving at the upper edge of the donchin channel so you may think about selling as long as there is no opposite signs appear on the Awesome oscillator The Awesome oscillator has a green bar appears above the level of 0 and it is considered a good buy signal Also the stostatic indicator shows sell signal by showing down intersection between the two lines near the 80 th level Till this moment bearish trend is the choise and also selling targeting the lower edge of the donchin channel is not a bad idea at all http://imagizer.imageshack.com/img911/4500/2ee411.png (http://imageshack.com/i/pb2ee411p)
Ex.ness Support
2014-07-30, 05:58 PM
30.07.2014 10:10 USDCAD
USDCAD: pair attempts to renew yesterday's maximum of 1.0866
Buy on a level breakthrough of 1.0866 with 1.0950 target. Stop loss = 1.0816.
Reason for the trading strategy.
Today, market participants' attention will be drawn not only to the assessment of US GDP for Q2 of 2014, but also to the decision of the US Federal Reserve on the key interest rate and QE3 asset purchases program. Moreover, a statement by J. Yellen on inflation and future growth rates of the US economy can significantly increase the volatility of the Loonie. On a level breakthrough of 1.0866, it is worth considering buying the world's reserve currency.
USDCAD, Daily
https://www.exness.com/media/2014/07/30/3_2.png
BURHANFX
2014-07-31, 10:27 AM
http://prntscr.com/4825xg
analysis for today 7 / 31 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0890
Retracement (50%) 1.0883
retracement (61,8%) 1.0875
Extensions (61.8%) 1.0957
Extensions (100.0%) 1.0983
Extensions (138.2%) 1.1009
Extensions (161.8%) 1.1024
calculation based on a Fibonacci retracement then today I choose buy
ng1985
2014-08-01, 06:38 PM
pair- usd/cad
chart analysis time frame- h1
http://i58.tinypic.com/zoe5b7.jpg
the price is having strong up trend movement. this is now making correction so breaking the support of the moving average 50 at the and the daily pivot point 1.0903 level. short this with the take profit at daily support 1.0850 and stop loss 1.0950. stoch is moving to the level 20 so again up movement can also setup from the 1.0875
good luck
fxearner
2014-08-03, 05:04 PM
CAD ke economic policies me thursday aur friday ko changes aaye hai esliye ye pair ab down he hoga kyunki CASD kaafi strong aage hone wala hai,ess pair me sahi entry buy ki he hogi lekin patience rakhna hoga jab ye down ho to esme rallies ko buy karna he thik rahenga..
halloiasan
2014-08-04, 04:17 AM
By analyzing the USDCAD we can but a bullish chanel to limit the movement of the market inti two trend lines The price is moving at the upper edge of the donchin channel so you may think about selling as long as there is no opposite signs appear on the Awesome oscillator The Awesome oscillator has a green bar appears above the level of 0 and it is considered a good buy signal Also the stostatic indicator shows buy signal by showing up intersection between the two lines near the 80 th level Till this moment bearish trend is the choise and also selling targeting the lower edge of the donchin channel is not a bad idea at all http://imagizer.imageshack.com/img631/6256/6uyDvn.png (http://imageshack.com/i/hj6uyDvnp)
ng1985
2014-08-04, 06:44 PM
pair- usd/cad
chart analysis time frame- daily
http://i57.tinypic.com/pbw5i.jpg
the ABCD chart pattern can setup with price movement. its down movement is hold at the fibo support 61.8 and moving up side with breaking the resistance trend line. this up movement continue expected to the level B and higher. long with the take profit 1.1265 and stop loss 1.0590
good luck
Ali110
2014-08-04, 08:31 PM
can anybody tell which news to follow for usd/cad ? my friend suggests forex factory but being a beginner i really dont know if its gonna help.any pro trader can help me ?
http://prntscr.com/49ph9t
analysis for today 8 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 4 / 2014
OPEN 1.0918
HIGH 1.0933
LOW 1.0904
CLOSED 1.0904
The third resistance (R3) 1.0933 -( 1.0914 - 1.0904 = 0.0010 x 2 = 0.0019 )= 1.0952
The second Resistance (R2) 1.0914 + 1.0933 - 1.0904 = 1.0943
First resistance (R1) 1.0914 x 2 = 2.1827 - 1.0904 = 1.0923
pivot points 1.0933 + 1.0904 + 1.0904 = 3.2741 / 3 = 1.0914
Support for the first (S1) 1.0914 x 2 = 2.1827 - 1.0933 = 1.0894
Support second (S2) 1.0914 -( 1.0933 - 1.0904 = 0.0029 ) = 1.0885
Third Support (S3) 1.0904 -( 1.0933 - 1.0914 = 0.0019 x 2 = 0.0039 )= 1.0865
BURHANFX
2014-08-05, 08:21 PM
http://prntscr.com/49smp1
analysis for today 8 / 5 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0922
Retracement (50%) 1.0919
retracement (61,8%) 1.0915
Extensions (61.8%) 1.0951
Extensions (100.0%) 1.0962
Extensions (138.2%) 1.0973
Extensions (161.8%) 1.0980
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/49ztsa
analysis for today 8 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 5 / 2014
OPEN 1.0904
HIGH 1.0975
LOW 1.0904
CLOSED 1.0960
The third resistance (R3) 1.0975 -( 1.0946 - 1.0904 = 0.0042 x 2 = 0.0085 )= 1.1060
The second Resistance (R2) 1.0946 + 1.0975 - 1.0904 = 1.1017
First resistance (R1) 1.0946 x 2 = 2.1893 - 1.0904 = 1.0989
pivot points 1.0975 + 1.0904 + 1.0960 = 3.2839 / 3 = 1.0946
Support for the first (S1) 1.0946 x 2 = 2.1893 - 1.0975 = 1.0918
Support second (S2) 1.0946 -( 1.0975 - 1.0904 = 0.0071 ) = 1.0875
Third Support (S3) 1.0904 -( 1.0975 - 1.0946 = 0.0029 x 2 = 0.0057 )= 1.0847
ng1985
2014-08-06, 06:17 PM
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/21chxxt.jpg
the price is making lower to high and the macd indicator is also making higher to lower. price is falling down with making doji pattern from the resistance at 1.0985 level and moving to the pivot point level 1.0947. we can hold the short entry with profit target at 1.0900 and stop loss at the 1.0990
good luck
BURHANFX
2014-08-06, 07:20 PM
http://prntscr.com/4a483f
analysis for today 8 / 6 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0931
Retracement (50%) 1.0940
retracement (61,8%) 1.0948
Extensions (61.8%) 1.0860
Extensions (100.0%) 1.0833
Extensions (138.2%) 1.0806
Extensions (161.8%) 1.0789
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/4abvqf
analysis for today 8 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 6 / 2014
OPEN 1.0960
HIGH 1.0985
LOW 1.0912
CLOSED 1.0916
The third resistance (R3) 1.0985 -( 1.0938 - 1.0912 = 0.0026 x 2 = 0.0051 )= 1.1036
The second Resistance (R2) 1.0938 + 1.0985 - 1.0912 = 1.1011
First resistance (R1) 1.0938 x 2 = 2.1875 - 1.0912 = 1.0963
pivot points 1.0985 + 1.0912 + 1.0916 = 3.2813 / 3 = 1.0938
Support for the first (S1) 1.0938 x 2 = 2.1875 - 1.0985 = 1.0890
Support second (S2) 1.0938 -( 1.0985 - 1.0912 = 0.0073 ) = 1.0865
Third Support (S3) 1.0912 -( 1.0985 - 1.0938 = 0.0047 x 2 = 0.0095 )= 1.0817
http://prntscr.com/4adnye
analysis for today 8 / 7 / 2014
USD/CAD
Resistance : R1 1.0985 R2 1.1010 R3 1.1030 R4 1.1060
Support : S1 1.0851 S2 1.0826 S3 1.0806 S4 1.0776
Open : 1.0915
High : 1.0926
Low : 1.0910
Range : 16 Pips
Running Price : 1.0924
Strategy : SELL at the level 1.0924 stop loss at the level 1.0985 target take profit at the level 1.0806 or at the level 1.0776
BURHANFX
2014-08-07, 05:56 PM
http://prntscr.com/4afog5
analysis for today 8 / 7 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0940
Retracement (50%) 1.0949
retracement (61,8%) 1.0957
Extensions (61.8%) 1.0867
Extensions (100.0%) 1.0839
Extensions (138.2%) 1.0811
Extensions (161.8%) 1.0794
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/4anubz
analysis for today 8 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 7 / 2014
OPEN 1.0915
HIGH 1.0937
LOW 1.0903
CLOSED 1.0925
The third resistance (R3) 1.0937 -( 1.0922 - 1.0903 = 0.0019 x 2 = 0.0037 )= 1.0974
The second Resistance (R2) 1.0922 + 1.0937 - 1.0903 = 1.0956
First resistance (R1) 1.0922 x 2 = 2.1843 - 1.0903 = 1.0940
pivot points 1.0937 + 1.0903 + 1.0925 = 3.2765 / 3 = 1.0922
Support for the first (S1) 1.0922 x 2 = 2.1843 - 1.0937 = 1.0906
Support second (S2) 1.0922 -( 1.0937 - 1.0903 = 0.0034 ) = 1.0888
Third Support (S3) 1.0903 -( 1.0937 - 1.0922 = 0.0015 x 2 = 0.0031 )= 1.0872
http://prntscr.com/4aq6v5
analysis for today 8 / 8 / 2014
USD/CAD
Resistance : R1 1.0993 R2 1.1018 R3 1.1038 R4 1.1068
Support : S1 1.0872 S2 1.0847 S3 1.0827 S4 1.0797
Open : 1.0924
High : 1.0947
Low : 1.0918
Range : 29 Pips
Running Price : 1.0925
Strategy : SELL at the level 1.0925 stop loss at the level 1.0993 target take profit at the level 1.0827 or at the level 1.0797
BURHANFX
2014-08-08, 07:12 PM
http://prntscr.com/4ascvr
analysis for today 8 / 8 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0916
Retracement (50%) 1.0920
retracement (61,8%) 1.0924
Extensions (61.8%) 1.0882
Extensions (100.0%) 1.0869
Extensions (138.2%) 1.0856
Extensions (161.8%) 1.0848
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/4b1nf4
analysis for today 8 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 8 / 2014
OPEN 1.0924
HIGH 1.0983
LOW 1.0909
CLOSED 1.0972
The third resistance (R3) 1.0983 -( 1.0955 - 1.0909 = 0.0046 x 2 = 0.0091 )= 1.1074
The second Resistance (R2) 1.0955 + 1.0983 - 1.0909 = 1.1029
First resistance (R1) 1.0955 x 2 = 2.1909 - 1.0909 = 1.1000
pivot points 1.0983 + 1.0909 + 1.0972 = 3.2864 / 3 = 1.0955
Support for the first (S1) 1.0955 x 2 = 2.1909 - 1.0983 = 1.0926
Support second (S2) 1.0955 -( 1.0983 - 1.0909 = 0.0074 ) = 1.0881
Third Support (S3) 1.0909 -( 1.0983 - 1.0955 = 0.0028 x 2 = 0.0057 )= 1.0852
Price will go upto 0.9715 and then bounce back is possible as trend line is there, in H4 it formed head ans shoulder pattern thats why it faling 0.9855 level,
http://prntscr.com/4bmd9o
analysis for today 8 / 11 / 2014
USD/CAD
Resistance : R1 1.1041 R2 1.1066 R3 1.1086 R4 1.1116
Support : S1 1.0901 S2 1.0876 S3 1.0856 S4 1.0826
Open : 1.0969
High : 1.0976
Low : 1.0966
Range : 10 Pips
Running Price : 1.0972
Strategy : BUY at the level 1.0972 stop loss at the level 1.0901 target take profit at the level 1.1086 or at the level 1.1116
BURHANFX
2014-08-11, 09:17 PM
http://prntscr.com/4br8g6
analysis for today 8 / 11 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0937
Retracement (50%) 1.0946
retracement (61,8%) 1.0955
Extensions (61.8%) 1.0863
Extensions (100.0%) 1.0835
Extensions (138.2%) 1.0807
Extensions (161.8%) 1.0789
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/4bykf0
analysis for today 8 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 11 / 2014
OPEN 1.0969
HIGH 1.0976
LOW 1.0918
CLOSED 1.0921
The third resistance (R3) 1.0976 -( 1.0938 - 1.0918 = 0.0020 x 2 = 0.0041 )= 1.1017
The second Resistance (R2) 1.0938 + 1.0976 - 1.0918 = 1.0996
First resistance (R1) 1.0938 x 2 = 2.1877 - 1.0918 = 1.0959
pivot points 1.0976 + 1.0918 + 1.0921 = 3.2815 / 3 = 1.0938
Support for the first (S1) 1.0938 x 2 = 2.1877 - 1.0976 = 1.0901
Support second (S2) 1.0938 -( 1.0976 - 1.0918 = 0.0058 ) = 1.0880
Third Support (S3) 1.0918 -( 1.0976 - 1.0938 = 0.0038 x 2 = 0.0075 )= 1.0843
http://prntscr.com/4bzqgx
analysis for today 8 / 12 / 2014
USD/CAD
Resistance : R1 1.0994 R2 1.1019 R3 1.1039 R4 1.1069
Support : S1 1.0869 S2 1.0844 S3 1.0824 S4 1.0794
Open : 1.0920
High : 1.0944
Low : 1.0919
Range : 25 Pips
Running Price : 1.0942
Strategy : BUY at the level 1.0942 stop loss at the level 1.0869 target take profit at the level 1.1039 or at the level 1.1069
ng1985
2014-08-12, 05:24 PM
pair- usd/cad
chart analysis time frame- m15
http://i59.tinypic.com/1z49uee.jpg
the macd indicator is showing up trend signal and the price is also hold its down movement at the support 1.0915 level and moving up side with breaking the pivot point at the 1.0938 level. the price is continue up moved to the resistance at 1.0975 level then down movement can expected.
good luck
BURHANFX
2014-08-12, 08:47 PM
http://prntscr.com/4c3149
analysis for today 8 / 12 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0940
Retracement (50%) 1.0947
retracement (61,8%) 1.0954
Extensions (61.8%) 1.0882
Extensions (100.0%) 1.0860
Extensions (138.2%) 1.0838
Extensions (161.8%) 1.0824
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/4c9yr7
analysis for today 8 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 12 / 2014
OPEN 1.0920
HIGH 1.0952
LOW 1.0915
CLOSED 1.0923
The third resistance (R3) 1.0952 -( 1.0930 - 1.0915 = 0.0015 x 2 = 0.0030 )= 1.0982
The second Resistance (R2) 1.0930 + 1.0952 - 1.0915 = 1.0967
First resistance (R1) 1.0930 x 2 = 2.1860 - 1.0915 = 1.0945
pivot points 1.0952 + 1.0915 + 1.0923 = 3.2790 / 3 = 1.0930
Support for the first (S1) 1.0930 x 2 = 2.1860 - 1.0952 = 1.0908
Support second (S2) 1.0930 -( 1.0952 - 1.0915 = 0.0037 ) = 1.0893
Third Support (S3) 1.0915 -( 1.0952 - 1.0930 = 0.0022 x 2 = 0.0044 )= 1.0871
http://prntscr.com/4cd9xm
analysis for today 8 / 13 / 2014
USD/CAD
Resistance : R1 1.0985 R2 1.1010 R3 1.1030 R4 1.1060
Support : S1 1.0855 S2 1.0830 S3 1.0810 S4 1.0780
Open : 1.0923
High : 1.0930
Low : 1.0910
Range : 20 Pips
Running Price : 1.0922
Strategy : BUY at the level 1.0922 stop loss at the level 1.0855 target take profit at the level 1.1030 or at the level 1.1060
http://prntscr.com/4co2q1
analysis for today 8 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 13 / 2014
OPEN 1.0923
HIGH 1.0939
LOW 1.0906
CLOSED 1.0914
The third resistance (R3) 1.0939 -( 1.0920 - 1.0906 = 0.0014 x 2 = 0.0027 )= 1.0966
The second Resistance (R2) 1.0920 + 1.0939 - 1.0906 = 1.0953
First resistance (R1) 1.0920 x 2 = 2.1839 - 1.0906 = 1.0933
pivot points 1.0939 + 1.0906 + 1.0914 = 3.2759 / 3 = 1.0920
Support for the first (S1) 1.0920 x 2 = 2.1839 - 1.0939 = 1.0900
Support second (S2) 1.0920 -( 1.0939 - 1.0906 = 0.0033 ) = 1.0887
Third Support (S3) 1.0906 -( 1.0939 - 1.0920 = 0.0019 x 2 = 0.0039 )= 1.0867
http://prntscr.com/4cmxg8
analysis for today 8 / 14 / 2014
USD/CAD
Resistance : R1 1.0986 R2 1.1011 R3 1.1031 R4 1.1061
Support : S1 1.0845 S2 1.0820 S3 1.0800 S4 1.0770
Open : 1.0913
High : 1.0920
Low : 1.0911
Range : 9 Pips
Running Price : 1.0916
Strategy : SELL at the level 1.0916 stop loss at the level 1.0986 target take profit at the level 1.0800 or at the level 1.0770
BURHANFX
2014-08-14, 07:01 PM
http://prntscr.com/4cq4kq
analysis for today 8 / 14 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0919
Retracement (50%) 1.0923
retracement (61,8%) 1.0926
Extensions (61.8%) 1.0886
Extensions (100.0%) 1.0873
Extensions (138.2%) 1.0860
Extensions (161.8%) 1.0853
calculation based on a Fibonacci retracement then today I choose sell
ng1985
2014-08-14, 10:01 PM
pair- usd/cad
chart analysis time frame- h1
http://i58.tinypic.com/33tjm88.jpg
the price movement can see in the down trend channel pattern. the up movement is rejecting from the resistance of the moving average 50 at the price 1.0920 level. this will again down side. take short entry with take profit at the 1.0870 and stop loss at 1.0950
good luck
http://prntscr.com/4cyjog
analysis for today 8 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 14 / 2014
OPEN 1.0902
HIGH 1.0907
LOW 1.0897
CLOSED 1.0897
The third resistance (R3) 1.0907 -( 1.0900 - 1.0897 = 0.0003 x 2 = 0.0007 )= 1.0914
The second Resistance (R2) 1.0900 + 1.0907 - 1.0897 = 1.0910
First resistance (R1) 1.0900 x 2 = 2.1801 - 1.0897 = 1.0904
pivot points 1.0907 + 1.0897 + 1.0897 = 3.2701 / 3 = 1.0900
Support for the first (S1) 1.0900 x 2 = 2.1801 - 1.0907 = 1.0894
Support second (S2) 1.0900 -( 1.0907 - 1.0897 = 0.0010 ) = 1.0890
Third Support (S3) 1.0897 -( 1.0907 - 1.0900 = 0.0007 x 2 = 0.0013 )= 1.0884
http://prntscr.com/4cxrh2
analysis for today 8 / 15 / 2014
USD/CAD
Resistance : R1 1.0975 R2 1.1000 R3 1.1020 R4 1.1050
Support : S1 1.0832 S2 1.0807 S3 1.0787 S4 1.0757
Open : 1.0902
High : 1.0907
Low : 1.0900
Range : 7 Pips
Running Price : 1.0901
Strategy : SELL at the level 1.0901 stop loss at the level 1.0975 target take profit at the level 1.0787 or at the level 1.0757
ng1985
2014-08-15, 05:20 PM
pair- usd/cad
chart analysis time frame- m15
http://i58.tinypic.com/25fkmex.jpg
the price is moving in the down trend side along the resistance trend line but the stoch indicator is giving up movement signal. in the price chart its moving up from the daily support at 1.0885 level and if this break the 1.0902 then make long entry with profit target at 1.0930
good luck
BURHANFX
2014-08-15, 07:38 PM
http://prntscr.com/4d27p6
analysis for today 8 / 15 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0901
Retracement (50%) 1.0902
retracement (61,8%) 1.0903
Extensions (61.8%) 1.0891
Extensions (100.0%) 1.0887
Extensions (138.2%) 1.0883
Extensions (161.8%) 1.0881
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/4dwhr1
analysis for today 8 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 15 / 2014
OPEN 1.0902
HIGH 1.0917
LOW 1.0859
CLOSED 1.0898
The third resistance (R3) 1.0917 -( 1.0891 - 1.0859 = 0.0032 x 2 = 0.0065 )= 1.0982
The second Resistance (R2) 1.0891 + 1.0917 - 1.0859 = 1.0949
First resistance (R1) 1.0891 x 2 = 2.1783 - 1.0859 = 1.0924
pivot points 1.0917 + 1.0859 + 1.0898 = 3.2674 / 3 = 1.0891
Support for the first (S1) 1.0891 x 2 = 2.1783 - 1.0917 = 1.0866
Support second (S2) 1.0891 -( 1.0917 - 1.0859 = 0.0058 ) = 1.0833
Third Support (S3) 1.0859 -( 1.0917 - 1.0891 = 0.0026 x 2 = 0.0051 )= 1.0808
http://prntscr.com/4dxuge
analysis for today 8 / 18 / 2014
USD/CAD
Resistance : R1 1.0949 R2 1.0974 R3 1.0994 R4 1.1024
Support : S1 1.0819 S2 1.0794 S3 1.0774 S4 1.0744
Open : 1.0885
High : 1.0894
Low : 1.0874
Range : 20 Pips
Running Price : 0.0885
Strategy : SELL at the level 0.0885 stop loss at the level 1.0949 target take profit at the level 1.0774 or at the level 1.0744
BURHANFX
2014-08-18, 10:17 PM
http://prntscr.com/4e1vdh
analysis for today 8 / 18 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0895
Retracement (50%) 1.0888
retracement (61,8%) 1.0881
Extensions (61.8%) 1.0953
Extensions (100.0%) 1.0975
Extensions (138.2%) 1.0997
Extensions (161.8%) 1.1011
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/4e8fs6
analysis for today 8 / 19 / 2014
USD/CAD
Resistance : R1 1.0960 R2 1.0985 R3 1.1005 R4 1.1035
Support : S1 1.0822 S2 1.0797 S3 1.0777 S4 1.0747
Open : 1.0886
High : 1.0897
Low : 1.0885
Range : 12 Pips
Running Price : 1.0894
Strategy : SELL at the level 1.0894 stop loss at the level 1.0960 target take profit at the level 1.0777 or at the level 1.0747
http://prntscr.com/4e7o5l
analysis for today 8 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 18 / 2014
OPEN 1.0885
HIGH 1.0898
LOW 1.0874
CLOSED 1.0886
The third resistance (R3) 1.0898 -( 1.0886 - 1.0874 = 0.0012 x 2 = 0.0024 )= 1.0922
The second Resistance (R2) 1.0886 + 1.0898 - 1.0874 = 1.0910
First resistance (R1) 1.0886 x 2 = 2.1772 - 1.0874 = 1.0898
pivot points 1.0898 + 1.0874 + 1.0886 = 3.2658 / 3 = 1.0886
Support for the first (S1) 1.0886 x 2 = 2.1772 - 1.0898 = 1.0874
Support second (S2) 1.0886 -( 1.0898 - 1.0874 = 0.0024 ) = 1.0862
Third Support (S3) 1.0874 -( 1.0898 - 1.0886 = 0.0012 x 2 = 0.0024 )= 1.0850
ng1985
2014-08-19, 08:11 PM
pair- usd/cad
chart analysis time frame- m15
http://i58.tinypic.com/24ccuwi.jpg
the price is showing to overbought and its break the resistance at 1.0905 level with daily resistance level two. the macd indicator is showing strong up movement so hold the long entry with take profit at 1.0950 and stop loss at the 1.0890
good luck
BURHANFX
2014-08-19, 09:17 PM
http://prntscr.com/4ed6f6
analysis for today 8 / 19 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0889
Retracement (50%) 1.0886
retracement (61,8%) 1.0883
Extensions (61.8%) 1.0913
Extensions (100.0%) 1.0922
Extensions (138.2%) 1.0931
Extensions (161.8%) 1.0937
calculation based on a Fibonacci retracement then today I choose buy
achyut
2014-08-20, 11:32 AM
Trading analysis for 20th August, 2014. In Daily chart USDCAD shows bullish trend. At present the price is above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.10658.
Pivot: 1.09245
Resistance levels
R1 1.09638
R2 1.09872
R3 1.10265
R4 1.10658
Support levels
S1 1.09011
S2 1.08618
S3 1.08384
S4 1.08150
11145
http://prntscr.com/4eklup
analysis for today 8 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 19 / 2014
OPEN 1.0886
HIGH 1.0948
LOW 1.0885
CLOSED 1.0940
The third resistance (R3) 1.0948 -( 1.0924 - 1.0885 = 0.0039 x 2 = 0.0079 )= 1.1027
The second Resistance (R2) 1.0924 + 1.0948 - 1.0885 = 1.0987
First resistance (R1) 1.0924 x 2 = 2.1849 - 1.0885 = 1.0964
pivot points 1.0948 + 1.0885 + 1.0940 = 3.2773 / 3 = 1.0924
Support for the first (S1) 1.0924 x 2 = 2.1849 - 1.0948 = 1.0901
Support second (S2) 1.0924 -( 1.0948 - 1.0885 = 0.0063 ) = 1.0861
Third Support (S3) 1.0885 -( 1.0948 - 1.0924 = 0.0024 x 2 = 0.0047 )= 1.0838
http://prntscr.com/4ejfvl
analysis for today 8 / 20 / 2014
USD/CAD
Resistance : R1 1.1011 R2 1.1036 R3 1.1056 R4 1.1086
Support : S1 1.0867 S2 1.0842 S3 1.0822 S4 1.0792
Open : 1.0941
High : 1.0942
Low : 1.0936
Range : 6 Pips
Running Price : 1.0940
Strategy : SELL at the level 1.0940 stop loss at the level 1.1011 target take profit at the level 1.0822 or at the level 1.0792
BURHANFX
2014-08-20, 09:54 PM
http://prntscr.com/4ep9k2
analysis for today 8 / 20 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0924
Retracement (50%) 1.0917
retracement (61,8%) 1.0909
Extensions (61.8%) 1.0987
Extensions (100.0%) 1.1011
Extensions (138.2%) 1.1035
Extensions (161.8%) 1.1050
calculation based on a Fibonacci retracement then today I choose buy
achyut
2014-08-21, 11:13 AM
Trading analysis for 21st August, 2014. In Daily chart USDCAD shows bullish trend. At present USDCAD touches the 1st resistance level. If it breaks then it goes to the next strong resistance level that is 1.10521.
Pivot: 1.09575
Resistance levels
R1 1.09840
R2 1.09990
R3 1.10255
R4 1.10521
Support levels
S1 1.09425
S2 1.09160
S3 1.09010
S4 1.08861
11158
http://prntscr.com/4evooo
analysis for today 8 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 20 / 2014
OPEN 1.0941
HIGH 1.0972
LOW 1.0931
CLOSED 1.0969
The third resistance (R3) 1.0972 -( 1.0957 - 1.0931 = 0.0026 x 2 = 0.0053 )= 1.1025
The second Resistance (R2) 1.0957 + 1.0972 - 1.0931 = 1.0998
First resistance (R1) 1.0957 x 2 = 2.1915 - 1.0931 = 1.0984
pivot points 1.0972 + 1.0931 + 1.0969 = 3.2872 / 3 = 1.0957
Support for the first (S1) 1.0957 x 2 = 2.1915 - 1.0972 = 1.0943
Support second (S2) 1.0957 -( 1.0972 - 1.0931 = 0.0041 ) = 1.0916
Third Support (S3) 1.0931 -( 1.0972 - 1.0957 = 0.0015 x 2 = 0.0029 )= 1.0902
http://prntscr.com/4ev5qc
analysis for today 8 / 21 / 2014
USD/CAD
Resistance : R1 1.1039 R2 1.1064 R3 1.1084 R4 1.1114
Support : S1 1.0906 S2 1.0881 S3 1.0861 S4 1.0831
Open : 1.0968
High : 1.0981
Low : 1.0964
Range : 17 Pips
Running Price : 1.0981
Strategy : BUY at the level 1.0981 stop loss at the level 1.0906 target take profit at the level 1.1084 or at the level 1.1114
BURHANFX
2014-08-21, 04:51 PM
http://prntscr.com/4eyi7o
analysis for today 8 / 21 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0956
Retracement (50%) 1.0952
retracement (61,8%) 1.0947
Extensions (61.8%) 1.0997
Extensions (100.0%) 1.1013
Extensions (138.2%) 1.1029
Extensions (161.8%) 1.1038
calculation based on a Fibonacci retracement then today I choose buy
ng1985
2014-08-21, 10:50 PM
pair- usd/cad
chart analysis time frame- h1
http://i59.tinypic.com/214do50.jpg
the price is falling down side from the resistance at 1.0984 and break the support of the moving average. the stoch indicator is also showing oversold and price at fibo 38.2 level. here its again up side so make long entry with stop loss below the 1.0900 and take profit at the 1.0995
good luck
Gamabunta
2014-08-22, 12:31 AM
There is a strong resistance at 1.0983 which make the price fall down and now it is faceing the blue trendline decree below that's why i think that the price will test that resistance again.
I advise you get in long position with take profit at 1.0983.
http://i.imgur.com/F2nHZFA.png
achyut
2014-08-22, 11:22 AM
Trading analysis for 22nd August, 2014. In Daily chart USDCAD shows bearish trend. At present USDCAD reverse from the 1st resistance level and try to break 1st support level. If it breaks 1st support level then next strong support level is 1.08474.
Pivot: 1.09546
Resistance levels
R1 1.09702
R2 1.10007
R3 1.10163
R4 1.10318
Support levels
S1 1.09241
S2 1.09085
S3 1.08780
S4 1.08474
11166
is ka trend khatam ho gya agar ap zyada time ky liye is par trade karty to shayd koi chance ha ky ye apko faida dy jai, lkn ha thora mushkil, lkn faida dy skta ha agar is par mehnat ki jai to
shown
2014-08-22, 12:21 PM
Abhi ti maine forex se money nahi earn ki per muje ab pta lag gaya ki forex main paisa kamana koi muskil nahi , pehle forex ek bare main puri nkowledhe gain kar leni hai us ke bad demo account main puri practice karni hai ,Thanku....
http://prntscr.com/4f9if3
analysis for today 8 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 21 / 2014
OPEN 1.0968
HIGH 1.0986
LOW 1.0939
CLOSED 1.0940
The third resistance (R3) 1.0986 -( 1.0955 - 1.0939 = 0.0016 x 2 = 0.0032 )= 1.1018
The second Resistance (R2) 1.0955 + 1.0986 - 1.0939 = 1.1002
First resistance (R1) 1.0955 x 2 = 2.1910 - 1.0939 = 1.0971
pivot points 1.0986 + 1.0939 + 1.0940 = 3.2865 / 3 = 1.0955
Support for the first (S1) 1.0955 x 2 = 2.1910 - 1.0986 = 1.0924
Support second (S2) 1.0955 -( 1.0986 - 1.0939 = 0.0047 ) = 1.0908
Third Support (S3) 1.0939 -( 1.0986 - 1.0955 = 0.0031 x 2 = 0.0062 )= 1.0877
http://prntscr.com/4f9446
analysis for today 8 / 22 / 2014
USD/CAD
Resistance : R1 1.1003 R2 1.1028 R3 1.1048 R4 1.1078
Support : S1 1.0872 S2 1.0847 S3 1.0827 S4 1.0797
Open : 1.0940
High : 1.0947
Low : 1.0928
Range : 19 Pips
Running Price : 1.0942
Strategy : SELL at the level 1.0942 stop loss at the level 1.1003 target take profit at the level 1.0827 or at the level 1.0797
BURHANFX
2014-08-22, 07:41 PM
http://prntscr.com/4eyi7o
analysis for today 8 / 22 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0968
Retracement (50%) 1.0963
retracement (61,8%) 1.0957
Extensions (61.8%) 1.1015
Extensions (100.0%) 1.1033
Extensions (138.2%) 1.1051
Extensions (161.8%) 1.1062
calculation based on a Fibonacci retracement then today I choose buy
kmhasan
2014-08-22, 08:34 PM
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http://prntscr.com/4fkkbu
analysis for today 8 / 25 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 22 / 2014
OPEN 1.0940
HIGH 1.0979
LOW 1.0928
CLOSED 1.0943
The third resistance (R3) 1.0979 -( 1.0950 - 1.0928 = 0.0022 x 2 = 0.0044 )= 1.1023
The second Resistance (R2) 1.0950 + 1.0979 - 1.0928 = 1.1001
First resistance (R1) 1.0950 x 2 = 2.1900 - 1.0928 = 1.0972
pivot points 1.0979 + 1.0928 + 1.0943 = 3.2850 / 3 = 1.0950
Support for the first (S1) 1.0950 x 2 = 2.1900 - 1.0979 = 1.0921
Support second (S2) 1.0950 -( 1.0979 - 1.0928 = 0.0051 ) = 1.0899
Third Support (S3) 1.0928 -( 1.0979 - 1.0950 = 0.0029 x 2 = 0.0058 )= 1.0870
http://prntscr.com/4g6t7h
analysis for today 8 / 25 / 2014
USD/CAD
Resistance : R1 1.1027 R2 1.1052 R3 1.1072 R4 1.1102
Support : S1 1.0894 S2 1.0869 S3 1.0849 S4 1.0819
Open : 1.0965
High : 1.0969
Low : 1.0952
Range : 17 Pips
Running Price : 1.0954
Strategy : SELL at the level 1.0954 stop loss at the level 1.1027 target take profit at the level 1.0849 or at the level 1.0819
BURHANFX
2014-08-25, 01:26 PM
http://prntscr.com/4g8a5w
analysis for today 8 / 25 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0947
Retracement (50%) 1.0954
retracement (61,8%) 1.0960
Extensions (61.8%) 1.0896
Extensions (100.0%) 1.0877
Extensions (138.2%) 1.0858
Extensions (161.8%) 1.0845
calculation based on a Fibonacci retracement then today I choose sell
ng1985
2014-08-25, 02:51 PM
pair- usd/cad
chart analysis time frame- m15
http://i60.tinypic.com/5cy2bk.jpg
the price is filled its positive gab and may be again up side from the support at 1.0945 level. the stoch indicator is also moivng up from the oversold level 20 and price is try to break daily pivot point 1.0949 level. make long entry with take profit at the 1.0970 and stop loss at the 1.0930
good luck
http://prntscr.com/4gkh00
analysis for today 8 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 25 / 2014
OPEN 1.0965
HIGH 1.0985
LOW 1.0942
CLOSED 1.0983
The third resistance (R3) 1.0985 -( 1.0970 - 1.0942 = 0.0028 x 2 = 0.0056 )= 1.1041
The second Resistance (R2) 1.0970 + 1.0985 - 1.0942 = 1.1013
First resistance (R1) 1.0970 x 2 = 2.1940 - 1.0942 = 1.0998
pivot points 1.0985 + 1.0942 + 1.0983 = 3.2910 / 3 = 1.0970
Support for the first (S1) 1.0970 x 2 = 2.1940 - 1.0985 = 1.0955
Support second (S2) 1.0970 -( 1.0985 - 1.0942 = 0.0043 ) = 1.0927
Third Support (S3) 1.0942 -( 1.0985 - 1.0970 = 0.0015 x 2 = 0.0030 )= 1.0912
BURHANFX
2014-08-26, 07:52 PM
http://prntscr.com/4eyi7o
analysis for today 8 / 26 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0969
Retracement (50%) 1.0964
retracement (61,8%) 1.0958
Extensions (61.8%) 1.1012
Extensions (100.0%) 1.1028
Extensions (138.2%) 1.1044
Extensions (161.8%) 1.1055
calculation based on a Fibonacci retracement then today I choose buy
ng1985
2014-08-26, 08:28 PM
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/vpw1sw.jpg
the stoch indicator movement to the up side but the price is in the down trend. this is falling from the the 1.0997 level and may hold at the daily support 1.0954 level as its also making doji pattern. but if this is move below the 1.0940 then again down movement can expected. short with take profit at 1.0915 and stop loss at 1.0980
good luck
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