Technical Analysis for Canadian pair , pair today rose to Almqouma at 1.0028 is because in a volatile situation I expect the pair's rise to 1.0065 and bounce, God willing
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Technical Analysis for Canadian pair , pair today rose to Almqouma at 1.0028 is because in a volatile situation I expect the pair's rise to 1.0065 and bounce, God willing
Analysis result USD CAD 25-01-2013
SIDEWAYS, UP TREND (WEAK)
Signal 20 pips : BUY @ 1.0036 Set S/L @ 1.0006 Set TP @ 1.0056
Signal Breakout : BUY @ 1.0056 Set S/L @ 1.0026 Set TP @ 1.0076
Reversal Prediction HIGH : 1.0087
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: 1.0087
Stop Loss :0.9997
USDCAD opened above the pivot level, it is likely go up towards 1.0043 and may continue to 1.0062, but if the pair move down below the pivot level 1.0016it is possible to continue down towards 0.9997 or lower as low as 0.9970
usd/cad technical analysis by using : adx
adx : 55.4406
+di : 28.1137
-di : 3.4244
timeframe : h4
time : 0800
buy usd/cad at the level 1.0015 with targets at 1.0055 and 1.0089, but in case of breaking the level 0.9995, then sell at this level with targets at 0.9969 and 0.9949
Resistance levels: 1,0056 (Daily) and 1.0091 (previous monthly volume). At 17:30 (GMT) is expected to yield data on consumer prices in Canada.
Trading recommendations (as appropriate):
Buy from the support levels (green arrows) - 0,9971 (Previously Monthly Volume, rebound) and 1,0024 (Daily pivot, breakdown). Growth targets - 1,0056 (Daily) and 1,0091 (Previously Monthly Volume) and 0,9963 (Previously Monthly Volume).
Sales of resistance levels (red arrows) - 1,0023 (Closing Price, breakdown). The goal of reducing - 0,9971 (Previously Monthly Volume).
Bears could not even save the horizontal level 1.0040 the pair has overcome almost effortlessly over the last few hours of course greatly increased, but to close its purchase, I'm in no hurry because the building above 1.0040 has opened a great potential for further growth in the north, the couple can again go to the annual maximum .
Couple almost makes no signal at the output of the purchases, but the higher it goes the more deeply to be expected south rollback rate is now close to 1,0100 regular figure, especially considering continuation of the movement and the breakdown of the mark, but also the probability of correction is also high on the at this level, so the full output from the position of planning to do only upon breakout of 1.0080 (minimum hourly candle).
Spoiler: