Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD is above the area 0, the momentum is bullish
Trend today: bullish
Target today: 0.9885
Printable View
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD is above the area 0, the momentum is bullish
Trend today: bullish
Target today: 0.9885
The pair is currently trading in a downward trend and is considered both sides to some extent and the pair looked to test for Trend at Pivot (9873)
USDCAD 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 could be really profitable.
Usd / cad मुद्रा जोड़ी शुक्रवार को सत्र के दौरान गिर गया, लेकिन सामान्य रूप से 0.98 सहायक संभाल पाया और पर्याप्त असर एक हथौड़ा फार्म. हथौड़ा वास्तव में सबसे अच्छी लग हथौड़ा नहीं है, लेकिन यह सुझाव है कि हम इस सामान्य आसपास के क्षेत्र से उछाल होगी. हालांकि, हम सही अब भारी प्रतिरोध के रूप में 0.99 के स्तर देखते हैं, और हम इस तरह के रूप में लगता है कि यह सिर्फ एक समेकन और कुछ से अधिक ले जाने के लिए जा रहा है.
short positios at 0.9845 with 0.9810 and 0.9770 as next targets
the breakout of 0.9865 will call for arebound towards 0.9890
buy usd/cad at the level 0.9835 with targets at 0.9861 and 0.9877, but in case of breaking the level 0.9826 then sell at this level with targets at 0.9811 and 0.9791
http://i47.tinypic.com/azjp5l.gif
The pair is trading in a very narrow range with uncleared direction as the pair could not break the 0.9820 and 0.9800 support level and is consolidating below the 0.9840 and 0.9855 resistance level. Therefore at this point we prefer to stay aside from the pair until we get a confirm signal for the upcoming big move.
usd/cad technical analysis by using : adx
adx: 29.6214
+di : 35.7839
-di : 9.5377
timeframe : 1 hour
date : 14.01.2013
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 profit: 0.9900
SL: 0.9838
The fall of the Chimeric cloud bottom pair again removed from the south, the small space of a month containing the minimum rate sent - 9850 'level -, it is about my first goal.