With the time frame H4 USDCAD is seen today in the area of support after today managed to breakout, prices are currently at the 0.9820 support and if follow it, bearish trendline will continue until the next resistance 0.9875.
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With the time frame H4 USDCAD is seen today in the area of support after today managed to breakout, prices are currently at the 0.9820 support and if follow it, bearish trendline will continue until the next resistance 0.9875.
Couple today strongly played south course again approached the level from which the inclined yesterday was good growth in the first place, I again consider retreat north at the start of which will be buying, selling can be viewed only by strengthening below 9770.
;)i think so the current trend down movements:)
badiya analysis bro, abi e pair girne ke liye bahut chance hai, kyo ki USD grina suru kiya ta NFP news ke bad,
Aaj CAD ka news aane vla hai @ 6pm and 7:30pm, e dono e pair ko maddat karne ke liye chnaces hai iste badh price
As long as price remains below 9883, then a bearish outcome is possible but a break higher exposes 9928.” The USDCAD erased all of Tuesday’s gains in what undoubtedly fooled the majority. Look lower on balance over the next few days but support is stacked from 9717 to 9728. I will be looking for signs of exhaustion and reversal below 9734.
LEVELS: 9684 9717 9760 9818 9884 9928
Usd/cad technical analysis for 18.10.2012 by using : Auto pivot indicator.
resistance 3:0.9944
resistance 2:0.9908
resistance 1:0.9844
pivot point :0.9808
support 1:0.9744
support 2:0.9708
support 3:0.9644
USDCAD has broken the support level at 0.9804. Beside that, we can see that yesterday, USDCAD moved in good bearish movement. So, I think USDCAD has a chance to continue the bearish trend movement and may reaches the next support level at around 0.9749.
usd/cad test the 0.9885 level again and bouncing down supported by negative SMA 50 and Stochastic, where the falling price resumes its course and which now needs to be a clear breach of the level of 0.9700 to confirm the exit of the band's current profile
http://i50.tinypic.com/20ptt94.gif
The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 0.9625 and key resistance at 0.9885. Based upon my chart analysis, I prefer to selling the pair around 0.9785 with targets 0.9725, 0.9680 then 0.9625 and stoploss with four hour candle closing above 0.9885.
USD/CAD
SELL
Entry :- .97840
TP1 :- .97292
TP2 :- .96746
SL :- .98940
Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend
Penetrate yesterday for the descending channel was illusory, as the pair returned to trading within the descending channel through a long bearish candle. Stochastic is showing a negative cross, and the RSI is currently tends to the negative بتداوله without the 50-point line.