USDCAD has broken the support level at 1.0033 successfully. Now, with that breaking, I think it indicates the seller are dominating on USDCAD now. I expect USDCAD will decline and reach the next support level at around 0.9992.Spoiler:
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USDCAD has broken the support level at 1.0033 successfully. Now, with that breaking, I think it indicates the seller are dominating on USDCAD now. I expect USDCAD will decline and reach the next support level at around 0.9992.
Sales by Canadian has paid off ... Did not wait for anything more, closed the main part of ... small balance BU hung / / target is not completely crushed, stay down
Today, the range of balance turned to 1,007-0,997 levels semerochki such here at the end, for beauty, so to speak))
In buying a climb near .995 There is a desire to test this level of strength / / so the level is not the weakest
But sales of the original double top ... before, I think, not the best option
Good luck!
we can see bearish engulfing candlestick pattern in the h4 time frame. it is moving to the down side but now the price 1.0000 is try to hold and supporting to price. if the price is close below the 1.0000 we can short it and target is 0.9960
http://www4.0zz0.com/2013/02/13/12/363466216.gif
hi
how are you
we can see in the 1h chart
the pair can close up the up trend line
i see the pair will go to up way to 10046
stochastic refers that the pair will go up
so our target buy from1.0036 and our target will 100pips
Good luck
USD/CAD latest trend direction.
Pivot: 0.9805
Our Preference: Long position above 0.9805 with 1.01 & 1.0230 in sight.
Alternative Scenario: Below 0.9805 look for further downside to 0.9630.
Comment: the RSI is bullish and calls for further advance.
Trend: ST Ltd Upside; MT Range, we have been bullish since 30 JAN 2013 (1.002).
Key levels Comment
1.0450 *** Horizontal resistance
1.0250** Fib retracement (61.8%)
1.0100 *** Horizontal resistance
0.9985 Last
0.9805*** MT pivot point
0.9630*** Horizontal support
0.9525*** Horizontal support
http://dl.dropbox.com/u/51561036/scr...213-231041.png
date- 14-2-2013
technical pivot point are-
resistance 3 - 1.0066
resistance 2- 1.0054
resistance 1- 1.0035
pivot point- 1.0023
support 1- 1.0004
support 2- 0.9992
support 3- 0.9974
USDCAD had been rejected by the resistance level at 1.0033 yesterday. Then, after the rejection now USDCAD is in down trend again. So, I expect USDCAD will continue falling and this pair has an opportunity to reach the support level at around 0.9992.
I think fibo 0.0 @1.0012 is very strong barrier here because it still can't defeated by a bear and now the price is rebouncing to test pivot 1.0024. Resistance @1.0036 and Support @1.0004.
sell usd/cad at the level 1.0024 with targets at 0.9995 and 0.9970, but in case of breaking the level 1.0040, then buy above this level with targets at 1.0070 and 1.0100