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Pivot levels today:
R3: 1.3278
R2: 1.3234
R1: 1.3193
PP: 1.3149
S1: 1.3107
S2: 1.3061
S3: 1.3020
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 1.3234.
eur/cad market analysis based on : average directional movement index
adx : 26.9701
+di : 21.9052
-di : 7.0148
time : 0700
timeframe : 1 hour
date : 15.05.2013
We can see that the unify has compressed it's daily taper above 1.3600 . so , that's capital that up appreciation is due and the duo strength lead to 1.3650 and then 1.3700 ,but also the hourly dip is anticipated before remain in the up discernment.
today i like to buy this pair @ 1.3125 to 1.3150 range
my stop loss of the day @ 1.3100
half take profit @ 1.3177
and half @ 1.3210
Eur/cad pivot levels by using fibonacci pivot indicator.
r3: 1.3236
r2: 1.3204
r1: 1.3184
pivot : 1.3152
s1: 1.3120
s2: 1.3100
s3: 1.3068
I think that was probably the currency pair EURCAD, will move bullish because the prices buyers have approached the zone, but it is the case today that the price getting away from the zone of the buyer, therefore we can do is put a buy stop position at 1.3170 and price sell stop at the price of 1.3130 with a take profit 20 pips,
The price position is still moving on the Lower quadrant of the uptrend channel in hourly chart, so price is potential down to demand area 1.3116 till 1.3099.
simultantly value of Accumulated Oscilator (AO), Relative Vigor Index (RVI) and Gator Oscilators confirm this pair is still in strong bearish mode because this value of indicators is still below the zero line or in negative value as very strong bearish indication from level 1.2028 then stochastic indicator is moving upward from buy border level 20 as bulllish
hi;;
we can see in the 1d chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1.3253
stochastic refers that the pair will go up
so our target buy from 1.3121 and our target will 130pips
:good::respect:
hi
I see the pair will go to up way to 1.3192
stochastic refers that the pair will go up
so our target buy from 1.3092 and our target will 100pips
Good luck
:good::respect::woo: