Today(3-1-13 ) pivot point are-
Resistance 3- 0.9919
Resistance 2- 0.9900
Resistance 1- 0.9875
Pivot point- 0.9856
Support 1- 0.9831
Support 2- 0.9831
Support 3- 0.9812
Printable View
Today(3-1-13 ) pivot point are-
Resistance 3- 0.9919
Resistance 2- 0.9900
Resistance 1- 0.9875
Pivot point- 0.9856
Support 1- 0.9831
Support 2- 0.9831
Support 3- 0.9812
USDCAD breaks below the upward trend line on 4-hour chart, and reaches as low as 0.9836, suggesting that the upward movement from 0.9824 has completed at 0.9970 already. Further decline could be expected and next target would be at 0.9800 area. Resistance is at 0.9890, as long as this level holds, the downtrend from 0.9970 will continue.
short positions at 0.9870 with 0.9850 and 0.9820 as next targets
the breakout of 0.9900 will call fro arebound towards 0.9925
Usd / cad जोड़ी बुधवार सत्र के दौरान काफी गिर गया के रूप में हम 0.99 संभाल के माध्यम से तोड़. इस क्षेत्र के लिए सहायक हो सकता है सोचा था, और तथ्य यह है कि इसके माध्यम से इस तरह काम कर रहा था वहाँ भी कुछ हद तक आश्चर्य की बात हो गया होता नहीं था.
http://www13.0zz0.com/2013/01/03/20/187449607.gif
we can see in the 1d chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 0.9823
stochastic refers that the pair will go down
so our target sell from 0 .9873 and our target will 90pips
Good luck
:yahoo::))):accute::peace::happy:
Today(4-1-13 ) pivot point are-
Resistance 3- 0.9930
Resistance 2- 0.9906
Resistance 1- 0.9891
Pivot point- 0.9867
Support 1- 0.9852
Support 2- 0.9828
Support 3- 0.9813
USDCAD not yet close the gap, and I think the pair is still possible to close the gap. So it may goes up towards 0.9933. However, today's news schedule on CAD and US, can canceled this scenario.
this look to be more bulls I see, the more bulls here. Price look want to re-test that pivot at near 0.9902. Search for buy with small TP (TP not more that pivot 0.9902) yes, better.
On the Hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profitt: 0.9933
SL: 0.9892
Spoiler:
The USD/CAD pair initially fell during the session on Thursday, but bounced slightly off of the 0.98 region in order to form a somewhat hammer like looking candle. While I don't see this is a hammer per se, I do see the fact that this is a market that is trying to bounce around between the 0.98 and 0.9950 handles. This market looks like it's trying to stay within consolidation, and I believe this makes sense as we head towards the debt ceiling talks in Washington DC. Yes, I did see debt ceiling talks, and yes, it is just as bad if not worse than the so-called "fiscal cliff" talks that we just got through.
Because of this, this pair will continue to be very choppy going forward. However, I think if we managed to break down below the 0.98 handle we would have a significant sell signal that could last for several handles. This would more than likely coincide with a strong jobs number today, and it is the easiest route for price to follow at the moment.
Nonfarm payroll
The USD/CAD pair is probably the most sensitive currency pair to the nonfarm payroll numbers. While most people focus on the Euro or the Yen, this pair typically moves the most during this first Friday of the month. Because of this, it is one that I always watch, and I think that if we get anything closely resembling a bullish jobs number we should see a significant move.