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Still waiting for further decline, the pair has completed corrective wave northern and again put her in support of 9919, the continued decline also signals and MASD, I think the couple should get to the slope of the trend line (daily chart), and from there you can adjust the northern and mid try to catch.
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USD/CAD Support and Resistance 27/11/2012
S3 0.9874 S2 0.9899 S1 0.9924
R1 0.9972 R2 0.9997 R3 1.0022
indicators:
MACD(26,12,9):sell
CCI(14) :sell
MOMENTUM(10) :sell
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Usd/cad technical analysis for 28.11.2012 by using : Auto pivot indicator.
resistance 3:1.0009
resistance 2:0.9980
resistance 1:0.9962
pivot point :0.9933
support 1:0.9915
support 2:0.9886
support 3:0.9868
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For today probably movement - this can be more nice bulls, if the price can still move above that 23.6 fibo line (0.9941). So, of course that 0.9941 price area can be use for set the SL (for Buy OP then)
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INTRADAY TRADING SIGNAL
USDCAD M30
Market is will try to test its nearest resistance level again, which is located at 0.9947. Price may then either break through this resistance level to go further to north or bounce down again.
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USD / CAD still went to a retreat from the support 9920 and began to work the northern signal RSI, couple just broke through the short-term resistance level of 9950, which can take a course to 1.0000 figure (she is my main goal).
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USDCAD is still in the consolidation of downtrend from 1.0055. Trading range between 0.9905 and 1.0000 would likely be seen. Key resistance is at 1.0000, as long as these levels persist, downtrend could be expected to continue after the consolidation, and fell to 0.9632 is still possible.
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USD/CAD went back and forth between "risk on",and "risk off".The shape of the candle for the day ended up being a hammer,but this was preceded by a shooting star on Monday.With this being said ot looks like the 0.99 handle is still supportive and as such we think we will continue to consolidate between this level and the 1.0050 handle.Until we break out of one of these areas,we are not interested in trading this pair for anything more than the short-term scalp.
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Usd/cad technical analysis for 29.11.2012 by using : Auto pivot indicator.
resistance 3:0.9995
resistance 2:0.9979
resistance 1:0.9950
pivot point :0.9934
support 1:0.9905
support 2:0.9889
support 3:0.9860
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Support: 0.9889
Pivot: 0.9932
Resistance: 0.9975
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