short positions at 1.0030 with 1.0000 and 0.9950 as next targets
the breakout of 1.0080 will call for arebound towards 1.0140
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short positions at 1.0030 with 1.0000 and 0.9950 as next targets
the breakout of 1.0080 will call for arebound towards 1.0140
buy usd/cad at the level 0.9990 with targets at 1.0070 and 1.0100, but in case of breaking the level 0.9950, then sell at this level with targets at 0.9900 and 0.9850
The forecast for Wednesday in the pair USD / CAD on the basis of technical fundamental analysis, na shaped top, and continues to decline is currently at 1.0024. The purpose of today will be the overcoming of parity and confident fixing underneath near 0.9980 where the 38.2% Fibonacci line.
elliott flat correction down 0.9953 and the market should not go lower than 1.0008 -0.9989 after this move down it should go up to 1.0037 -1.0047 area and the technical points
key points 0.9984 - entery point 1.0017 -elliott 1.0100 - closing 1.0008 - projecyion 0.9979 - trend line 1.0066 - 1.0032
Intraday bias in USD/CAD remains neutral as consolidation from 1.0099 continues. While deeper fall might be seen, downside should be contained by 0.9991 cluster support (38.2% retracement of 0.9815 to 1.0099) and bring another rally. Whole rise form 0.9633 is still in progress and break of 1.0099 will target 100% projection of 0.9633 to 1.0056 from 0.9815 at 1.0238 next.
In the bigger picture, price action from 1.0656 are viewed as a correction pattern, no change in this view. Current development affirmed that case that such correction has completed at 0.9633 already and medium term rally from 0.9406 is resuming. Focus is back to 1.0445 resistance and decisive break there will confirm our bullish view and target 38.2% retracement of 1.3063 to 0.9406 at 1.0803. In any case, we'll stay cautiously bullish as long as 0.9815 support holds.
Price Failed Penetrating R1 Back Towards Pivot Area. Position RSI Sign Sale .. Price True Will Toward Area Pivot Or Even Go To area S1 ...?
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Canadian worked fine yesterday, a sell signal, now the pair seems to start again to resume the main trend of the North, now the course has already broken through the sliding alligator and after a short pulse of growth again went to the area of support for 0025 - from him and waiting for the resumption of growth in which both opened on purchase.
usd/cad- this is now holding the price from moving upside. the resistance 1.0047 may be not break as per h1 time frame. this is making a bearish candlestick pattern so falling with this pair more and this will break the support level 1.0015 and will falling more.
Analysis result USD CAD 31-01-2013
SIDEWAYS, UP TREND (WEAK)
Signal 20 pips : BUY @ 1.0045 Set S/L @ 1.0015 Set TP @ 1.0065
Signal Breakout : -
Reversal Prediction HIGH : 1.0079
Spoiler: