On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 0.9999
Stop Loss : 0.9863
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On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 0.9999
Stop Loss : 0.9863
long positions at 0.9890 with 0.9915 and 0.9945 as next targets
the breakoiut of 0.9860 will call fro arebound towards 0.9810
buy usd/cad at the level 0.9907 with targets at 0.9970 and 1.0012, but in case of breaking the level 0.9894, then sell at this level with targets at 0.9851 and 0.9827
usd/cad technical analysis by using : adx
adx : 23.1420
+di : 25.7228
-di : 11.2636
timeframe : 1 hour
date : 21.01.2013
but after this breakthrough can be expected north natural progression ... that is coming true ... a couple made a standard correction forming on the hourly chart is a very good level for shopping and went back to the top of the goal ... I think you can put somewhere in the neighborhood 0.9950 or 0.9970 ... is not calculated until the next ...
http://i50.tinypic.com/34fgpe9.gif
The pair reached the main descending trendline resistance. The Linear Regression Indicator show the positive sign while the momentum Indicator show weakness for the bullish movement. Therefore at this stage we are stay away from the pair until we get a confirm signal for the upcoming big move.
cad for now you can try to catch a southern retreat from the long sloping resistance level (daily chart), near which is left off, as the hourly time frame already has begun to double top formation and stochastic signal to sell both the hourly and 4-hour charts.
USDCAD will have to break and hold above the 0.9922/56 levels to reverse its broader bear threats. This if seen will call for a run at the 1.0055 level and then the 1.0081 level.
Decided to add another purchase on usd / cad, pair has shown a new trend in the North, and even managed to strengthen over 9900 figures, as a few days ago completed its southern course correction and again resumed the main northern growth, while waiting for the breakthrough of the current local maximum due to open 9940 path to the 1.0000 figure.
Spoiler: