Printable View
Scenario for today
Elliott: extension wave down 0.9922
It should trade higher to 0.9986 while 0.9963 or 0.9956 offers support. Stop loss below 0.9940 zone.
Technical points
Key point 0.9974
Entry point 0.9976
Elliott 0.9992
Closing 0.9973
Projection 0.9955
Trendline 0.9982
Trendline 0.9972
Supports / Resistances
Res 2 0.9999
Ex-High 0.9982
Res 1 0.9986
Pivot 0.9969
Sup 1 0.9956
Ex-Low 0.9953
Sup 2 0.9940
uSDCAD is moving between the support and resistance level now, I think it will be better to wait USDCAD break that nearest support or resistance level.
If USDCAD can break 0.9992 resistance, I think USDCAD may goes up to the next resistance level at around 1.0033. But if USDCAD can break the 0.9950 support level, USDCAD may falls to the lower support level at 0.9910.
Scenario for today
Elliott: impulse wave up 1.2923
Currently uptrend should end around 1.2886 - 1.2882 area. A correction down to below 1.2797 is expected. A rise above 1.2915 will abort the expected correction.
Warning: Imminent end of bullish move
Technical points
Key point 1.2880
Entry point 1.2844
Elliott 1.2722
Closing 1.2849
Projection 1.2897
Trendline 1.2779
Trendline 1.2836
Supports / Resistances
Res 2 1.2915
Ex-High 1.2864
Res 1 1.2882
Pivot 1.2830
Sup 1 1.2797
Ex-Low 1.2779
Sup 2 1.2746
Generally speaking, when supply of a certain item goes up, the price comes down. But not so with houses, it seems. The National Association of Realtors reported that previously owned homes sales climbed 2.7% in June, as the prices for these homes zoomed up 14.7% from a year ago. The trade group said that this increase was the largest jump in nearly 25 years. In addition, the national median home price rose to $219,000, up from $191,000 a year ago.
The Canadian Retail Sales came out much less improved then they were expected recording only 0.1% change versus forecasted 0.5% for September in monthly term. The USD / CAD rose sharply, setting all new session high near the $0.9980 level.:good:
The Canadian Retail Sales came out much less improved then they were expected recording only 0.1% change versus forecasted 0.5% for September in monthly term. The USD / CAD rose sharply, setting all new session high near the $0.9980 level.
usd/cad technical analysis by using : average directional movement index
adx : 13.9514
+di : 13.3147
-di : 17.2030
timeframe : 1 hour
time : 1200
date : 23.11.2012
Scenario for the week
Elliott: flat correction down 0.9875
Market should not go lower than 0.9918 - 0.9885. After this move down it should go up to 0.9970 - 0.9988 area.
Warning: Imminent end of bearish move
Technical points
Key point 0.9875
Entry point 0.9945
Elliott 1.0057
Closing 0.9921
Projection 0.9875
Trendline 1.0018
Trendline 0.9979
Supports / Resistances
Res 2 1.0054
Ex-High 1.0018
Res 1 0.9988
Pivot 0.9951
Sup 1 0.9885
Ex-Low 0.9915
Sup 2 0.9849
USD/CAD Technical Analysis
Support: 0.9945, 0.9925, and 0.9875.
Resistance: 0.9980, 1.0010, 1.0040, and 1.0080
Recommendation
Price Zone 1.0025 - 1.0040 long-term excellent an provided of SELL enter SL above located with 1.0060.
Now 0.9980 valid another be to considered still is of SELL enter targeting retesting on 0.9900 - 0.9860 initially.:yahoo:
---------- Post added at 08:50 AM ---------- Previous post was at 08:48 AM ----------
USD/CAD Technical Analysis
:peace:
Support: 0.9945, 0.9925, and 0.9875.
Resistance: 0.9980, 1.0010, 1.0040, and 1.0080
Recommendation
Price Zone 1.0025 - 1.0040 long-term excellent an provided of SELL enter SL above located with 1.0060.
Now 0.9980 valid another be to considered still is of SELL enter targeting retesting on 0.9900 - 0.9860 initially.:yahoo:
Support: 0.9874
Pivot: 0.9940
Resistance: 1.0006
trendspotter hold
7 day average directional indicator sell
10-8 day MA hilo channel sell
20 day MA VS Price sell
20-50 Day MACD oscillator buy
20 Day Bollinger Bands sell
Technical Analysis for USDCAD 60% Sell