Originally Posted by
m148
Day = 2019.03.23
Pair = USDCAD
Time Frame = Hourly
Results of analysis of the daily pivot point calculations
I see this pair still in strong bullish movement . If this pair can break the 1.3399 resistance level, I predict this pair will go up to the next resistance level at 1.3349 But if this pair go down and break 1.3450 support level, I predict this pair will make some correction to the next support level at around 1.3500
Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 1.3434 and take profit at 1.3349
my advice ..don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement. I am not responsible for any errors that occur because the only information from the previous calculation
resistent level 1 - 0.9634
resistent level 2 - 0.9597
resistent level 3 - 0.9561
pivot point - 0.9525
support level 1 - 0.9491
support level 2 - 0.9453
support level 3 - 0.9419