Spoiler:
The position of the current price is above the 50 EMA on the Daily chart, momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today:1.0231
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The position of the current price is above the 50 EMA on the Daily chart, momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today:1.0231
trend down movements 0.9700 agar isne price break kiya 0.9770 toh definatly mere hisab se yeh upward movemnet mai jayega aroung 0.9820
usd/cad this pair is very important in forex , people trade frequiently in this pair
from some days this pair is on upward trend . i think this is due to gold correction
as gold changes his trend toward up word. this becoe down ward. becare taking its long position
USDCAD is moving around the resistance level at 1.0071 now. Then, if USDCAD can rise and break the last Friday's high, this pair may continue going up to the next resistance level at 1.0114. But if fail to break it, this pair may falls as a correction to the support level at 1.0033.
USDCAD is stuck badly around partial level which is so important and closing above 1.0080 will clear further 200 pips rally toward upside.stop should be taken around that level.
buy usd/cad at the level 1.0055 with targets at 1.0097 and 1.0140, but in case of breaking the level 1.0030, then sell below this level with targets at 0.9985 and 0.9945
This pair is still in consolidation phase and moved between 1.0082 and 1.0063. But, at generally the uptrend is still valid there and we need to wait for the bid price breakout the upper barrier for entry buying plan again.
USD/CAD intraday: BULLISH
Pivot: 1.0025
Our preference: Long positions above 1.0025 with targets @ 1.01 & 1.0125 in extension.
Alternative scenario: Below 1.0025 look for further downside with 0.9995 & 0.997 as targets.
Comment: the pair remains on the upside and is challenging its previous high, the RSI stands above its neutrality area.
Key levels
1.015
1.0125
1.01
1.00717 last
1.0025
0.9995
0.997
http://dl.dropbox.com/u/51561036/scr...538.pnghttp://
in the m30 chart we can see it is moving in a channel. but at that ime the price at 1.0080 is acting as a resistance but lower side 1.0055 is support. if the support is break we can short and target is 1.0025. for short trade we must wait to macd cross the zero line.
Usd/cad analysis for 02.18.2013 by using : pivot indicator.
r3:1.0177
r2:1.0129
r1:1.0097
pivot:1.0049
s1:1.0017
s2:0.9969
s3:0.9937