Usd/Cad

USDCAD today opened above its daily pivot, and a bullish signal was appeared yesterday, wit MA cross sign bull this morniing, I think the pair will move higher to reach 0.9928 or higher to 0.9944

Support: 0.9876
Pivot: 0.9910
Resistance: 0.9944

trendspotter hold
7 day average directional indicator sell
10-8 day MA hilo channel hold
20 day MA VS Price sell
20-50 Day MACD oscillator buy
20 Day Bollinger Bands hold

Technical Analysis for USDCAD 20% Sell

on my see - if the buyer can move up again more to that 38.2 fib (0.9918 - above price now) . start to search again for buy here

http://i48.tinypic.com/14v7t0.gif

The bearish movement of the pair is now clearer. As long as the pair is stable below the Linear Regression indicator, the bearish movement remained strong. Our opinion is to selling the pair below 0.9930 with targets 0.9855, 0.9805 then 0.9735 and stoploss with four hour candle closing above 1.0000.

http://www9.0zz0.com/2012/12/07/09/850405282.gif







in this chart (4h) we can see the pair will go to (up)down way in the
future


the pair now is between triangle


I see the pair will go to 0.9908


RSI also refers to down way


I expect from this analyze that the price will go to down way


so sell from 0.9919 to 0.9908



good luck

USDCAD breaks below 0.9905 support, suggesting that the downtrend from 1.0055 has resumed. Further decline could be expected, and next target would be at 0.9850 area. Resistance is at 0.9930, only break above this level could indicate that lengthier consolidation of the downtrend is underway.

The USDCAD rally from September is in 5 waves therefore the reversal should be respected. The most common retracement area following 5 wave movements is the former 4th wave, which comes in at 9874. The USDCAD reversed just under the 38.2% Fibonacci level at 9894 today. The drop may have completed the first wave of a 3 wave decline.

FOREXTrading Strategy: Currently at support, I’d look higher but with the expectation that strength proves corrective (there are far better opportunities right now in my opinion).

LEVELS: 9794 9835 9874 9960 9991 10009

The dollar rocketed, the dollar index, which is used to track the value of the dollar against the currencies of six U.S. partners, rose by 0.7% to 80.298 on forecasts of president of ECB.

USDCAD Spot is 0.9972 Trading Strategy : Short Sell USDCAD In between 0.9980-1.0000 targeting 0.9930-0.9885-0.9850 levels, SL 1.0065 and above.

Daily Resistance :- 1.0000-1.0040-1.0095-1.0135.
Daily Support :- 0.9930-0.9900-0.9885-0.9850.
Daily Pivot Level:- 0.9969.
...

Couple after broke support and the lower zone of fractals 9900 was not supported by the bears and the bulls again returned the pair above 9900 figures, took a false breakdown, now it seems the course is gaining strength and is entered on the sliding alligator Stochastic on the daily chart also formed a buy signal .