Usd/Cad

usd/cad technical analysis by using :adx

adx : 35.6534
+di : 29.3890
-di : 7.4602
timeframe : 1 hour
time : 1500

All the same, I decided to buy cad, a couple really does not seem to break through 9830 there dwelt a strong buyer, this level is a long and a couple of near consolidated for several days in a row might be worth noting that the course also can easily start work northern divergence MASD on 4 hour chart.

http://www5.0zz0.com/2013/01/15/20/841585174.gif



we can see in the m30 chart

the pair will go to up way to the up trend line

i see the pair will go to up way to 0.9940

stochastic refers that the pair will go up

so our target buy from 0.9840 and our target will 100pips

Good luck

USDCAD was opened below the pivot level 0.9846, now is testing the pivot. If the pair can break the level, it is possible to rise towards 0.9861, however if it fails to break the pivot level, the pair will likely fall towards 0.9826

long positions at 0.9835 with 0.9855 and 0.9875 as next targets

the breakout of 0.9810 will call fro arebound towards 0.9780

http://i47.tinypic.com/9pyfig.gif

The pair is trading above the 0.9820 and 0.9800 support areas and is stable above the 88.6% Fibonacci level which indicates that pair has a potential to move upside. The momentum indicator also shows the positive signal. According to my chart analysis, I prefer to buying the pair above 0.9840 with targets 0.9875, 0.9895 then 0.9965 and stoploss with four hour candle closing below 0.9780.

buy usd/cad at the level 0.9850 with targets at 0.9875 and 0.9894, but in case of breaking the level 0.9836 then sell at this level with targets at 0.9822 and 0.9807

Decided to add another purchase on cad, as I expected pair went on a retreat from the long-term support level of 9830, also on the hourly chart shows a rising channel to the bottom of who just walked the course, the first target will be in the area until the 9890 - 9900 figures (upper limit of the channel).

http://www11.0zz0.com/2013/01/16/17/906352796.gif


we can see in the 4h chart

the pair can not close down the broken up trend line

I see the pair will go to up way to 0.9963

stochastic refers that the pair will go up

so our target buy from 0.9863 and our target will 120pips

Good luck

Dollar rebounded from the lows against its rivals and broke a three-day decline against the euro amid the weakness of the Asian stock indices, which indicates a decreased demand for risk. The speech of Federal Reserve Chairman Ben Bernanke in Michigan, where the Fed chief made it clear that he is in favor of maintaining loose monetary policy to support economic growth did not help to risky assets to grow and did not provide any pressure on the American currency.