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The pair now is moving up after facing the strong support level @ 0.9806 (0.0%) , i think the pair will continue moving up till reaching the resistance level @ 0.9881 (23.6%) then it will correct its direction by moving down again , so i suggest to sell now on the short term or wait till reaching the resistance level then sell the pair . Good Luck
and a pair of USD / CAD is going to think a little bit to go to the top ... well, time to have .. like started to punch and I think the growth of 0.9710 to 0.9770 marks is a very real correction without any major breakdowns, so I think on Monday mi can see there a couple ...
The pair now is moving up after facing the strong support level @ 0.9806 (0.0%) , i think the pair will continue moving up till reaching the resistance level @ 0.9881 (23.6%) then it will correct its direction by moving down again , so i suggest to sell now on the short term or wait till reaching the resistance level then sell the pair . Good Luck
USD/CAD market technical analysis
market trend is going bearish
market price = 1.3252
Resistance levels
the market could break the first resistance at =1.3266
the market could break the second resistance level at =1.3278
the market could break the third resistance level at =1.3288
Support levels
the market could break the first support levels at =1.3239
the market could break the second support level at =1.3227
the market could break the third support level at =1.3216
Cad.jpy
It is easy to say markeet has now bearish trend
its chart show us low point 1.326 . . ask was 1.3269
It was open at 1.3263 .chg -0.03% .movemint show
69 % sell option .
we’ve seen tremendous intraday activity, we’re not that far from where we started five days ago.” The Canadian currency depreciated 0.5 percent to 98.73 cents versus the U.S. dollar from 98.20 on Aug. 5. One Canadian dollar buys $1.01290
USDCAD has been rejected by the 0.9805 resistance level and if we look on H4 time frame, the rejection has formed a double top chart pattern. So, I think USDCAD will fall today and has a big opportunity to reach the support level at around 0.9745 or maybe lower.
Couple went to the next strong resistance level of 9770, in the first place I look retreat from it (MASD-sell signal), but if this level of price will break through, then probably we come to the 8000 figure.
Time: 22.06.11 04:53 GMT
Name Value Action
RSI(14) 42.483 Sell
STOCH(9,6) 68.889 Buy
STOCHRSI(14) 93.579 Overbought
MACD(12,26) -0.0014 Sell
ADX(14) 33.72 Neutral
Williams %R -26.667 Buy
CCI(14) 90.5473 Buy
ATR(14) 0.0014 Less Volatility
Highs/Lows(14) 0 Neutral
Ultimate Oscillator 44.335 Sell
ROC 0.062 Buy
Bull/Bear Power(13) 0.0001 Buy
Buy: 5 Sell: 3 Neutral: 3 Indicators Summary: BUY
Time: 22.06.11 04:53 GMT
Name Value Action
RSI(14) 42.483 Sell
STOCH(9,6) 68.889 Buy
STOCHRSI(14) 93.579 Overbought
MACD(12,26) -0.0014 Sell
ADX(14) 33.72 Neutral
Williams %R -26.667 Buy
CCI(14) 90.5473 Buy
ATR(14) 0.0014 Less Volatility
Highs/Lows(14) 0 Neutral
Ultimate Oscillator 44.335 Sell
ROC 0.062 Buy
Bull/Bear Power(13) 0.0001 Buy
Buy: 5 Sell: 3 Neutral: 3 Indicators Summary: BUY