in the h1 time frame this pair is overbought with stoch and cci indicator. in the chart the price at 1.0200 will try to rejected the price. at the time stoch is also try to come out from overbought area. we can short this pair with the target 1.0120
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in the h1 time frame this pair is overbought with stoch and cci indicator. in the chart the price at 1.0200 will try to rejected the price. at the time stoch is also try to come out from overbought area. we can short this pair with the target 1.0120
trading in USD/CAD at 1.0178/80 green zone following the release of U.S data
after the pair reached the USD/CAD peak height today at an accelerated pace at 1.0203 earlier
a slight decline by about give up some of the gains achieved by the
USDCAD has been rejected by the resistance level at 1.0199. Now, because of that rejection, I think USDCAD may falls to the support level at 1.0156 or lower. But, this bearish scenario will fail if USDCAD can rise and break the yesterday's high.Spoiler:
in the h4 time frame stoch and cci is try to come out from overbought area. at the time in the chart we can see formation of doji and some down candle. so we can short this pair with the target 1.0140 and the stop loss is above the resistance at 1.0200
buy usd/cad at the level 1.0180 with targets at 1.0233 and 1.0260, but in case of breaking the level 1.0155, then sell below this level with targets at 1.0115 and 1.0070
http://www4.0zz0.com/2013/02/22/11/771059801.gif
hi
how are you
we can see in the 1h chart
the pair will go to up way to the up trend line
i see the pair will go to up way to 1.0196
stochastic refers that the pair will go up
so our target buy from 1.0186 and our target will 100pips
Good luck
:respect::peace::accute::)))
usd/cad technical analysis by using : adx
adx : 26.9929
+di : 26.0468
-di : 18.0176
timeframe : 1 hour
date : 22.02.13
USD/CAD intraday: bullish bias above 1.0155
Pivot: 1.0155
Our preference: Long positions above 1.0155 with targets @ 1.0205 & 1.0225 in extension.
Alternative scenario: Below 1.0155 look for further downside with 1.014 & 1.0105 as targets.
Comment: the RSI is bullish and calls for further upside.
http://dl.dropbox.com/u/51561036/scr...222-215443.png
elliott extended impulse wave up 1.0225
our perferred is for a driftt down to 1.0163 or below 1.0141 resistance is at 1.0184 arise above 1.0207 would delay but not abort this expected fall
technical points
key point 1.0208 - entry point 1.0197 - elliott 1.0000 - closing 1.o185 - projection 1.0196 - trend line -1.0164