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On the 4 hour chart, the intraday trend of USD/CAD remains on the downside for the moment. Besides, the decline from 1.0056 short term top could extend to 38.2% retracement of 0.9633 to 1.0056 at 0.9894 and below. However, as long as 0.9874 support holds, the rise from 0.9633 is still in favor to continue. Any break above 0.9981 minor resistance will turn bias back to the upside for retesting 1.0056 first.
USDCAD breaks below the lower channel line on the graph H4, suggesting that the uptrend from 0.9632 has completed at 1.0055. Deeper decline to test 0.9874 support may be seen today.
usd/cad technical analysis by using : average directional movement index
adx : 20.8770
+di : 23.4370
-di : 11.3185
timeframe : 1 hour
time : 1600
date : 26.11.2012
USD/CAD Support and Resistance 26/11/2012
S3 0.9838 S2 0.9863 S1 0.9888
R1 0.9956 R2 0.9980 R3 1.0005
indicators:
MACD(26,12,9):buy
CCI(14) :buy
MOMENTUM(10) :buy
seems to reverse now and start uptrending leaving the downward trend behind. But be aware, we are touching a strong level Fib 50% and 200 EMA.
If we break this level I assume entering long positions coul
On the H1 chart prices are dibawah12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 0.9883
Usd/cad technical analysis for 27.11.2012 by using : Auto pivot indicator.
resistance 3:1.0007
resistance 2:0.9985
resistance 1:0.9959
pivot point :0.9937
support 1:0.9911
support 2:0.9889
support 3:0.9863
Support: 0.9893
Pivot: 0.9936
Resistance: 0.9979
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 hold
Technical Analysis for USDCAD 40% Sell
Intraday bias in USD/CAD remains on the downside for the moment. The decline from 1.0056 short term top could extend to 38.2% retracement of 0.9633 to 1.0056 at 0.9894 and below. Though, as long as 0.9874 support holds. Rise from 0.9633 is still in favor to continue. Above 0.9981 minor resistance will turn bias back to the upside for retesting 1.0056 first. But sustained break of 0.9874 will argue that whole rise from 0.9633 is already completed and will turn near term outlook bearish.
In the bigger picture, price action from 1.0656 are viewed as a correction pattern, no change in this view. We're still slightly favoring the case that such correction is completed with three waves down to 0.9633. But this is farm from being certain and break of 1.0045 is needed to be the confirmation. Meanwhile, break of 0..9874 support will indicate that such correction is going to make another low below 0.9633 before completion. In any case, we'd still expect any downside attempt to be contained above 0.9406 low. Eventually, we'd expect another medium term rise to 38.2% retracement of 1.3063 to 0.9406 at
Style blown:
Circulating value 0.9893. I 've spent a angelic instant. toward the wares where the price was sharp sma5 h4. but no thing. pending orders we put in the assonant place. who knows the value back there again.
Orientation For Arrangement:
Opinion 1 ==> buy circumscribe @0.9869
Part 2 ==> buy bound @0.9849
Money Direction (MM):
Use multilevel lot. ...Lot Opinion 3 > lot job 2 > lot spot 1.
Terminate Amount and Spot Propit up to you, I equivalent to cut disadvantage and cut profits.
Banknote:
Always glissando the buy / deceive circumscribe move the occurrence of sma or ema.
And advert, always disciplined and locomote the rules.
Person linkage:
http://i1123.photobucket.com/albums/...1118-38-42.png
Spoiler: