USD/CAD
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It was formed evening star candle in h4 graph and already touched the upper LWMA Line so my expectation price will be retrace next week. We can use fibonacci 38.2% @1.0180 and/or fibonacci 61.8% @1.0133 as the selling target. Exit the plan after price close above 1.0256.
You may notice that the price is at the top of the channel, and, in my view, the uptrend prodolzhitsya.Rassmatrivayu purchase order to 1.0270. In the case of the passage of this boundary recommend buying the level 1.0350 in the case of overcoming rate 1.0150 mark may be sold in order to 1.0090.
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Pair : USDCAD
Updated : Sun, Feb 24 16:13
Price : 1.0217
Movement : 33.2 Pips
Movement : 0.33%
Support : 1.0113
Pivot : 1.0210
Resistance : 1.0307
Pair moves upward price channel, and when possible local corrective movement towards channel support (presumably the district-level mark 1.01800) can be purchased with a pair of short stop at 20-30 points. Use the tactics of the channel to target values reach resistance channel ...
Usd/cad analysis for 02.25.2013 by using : pivot indicator.
r3: 1.0250
r2: 1.0229
r1: 1.0206
pivot : 1.0185
s1: 1.0162
s2: 1.0141
s3: 1.0118
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:1.0368
sell usd/cad at the level 1.0230 with targets at 1.0178 and 1.0130, but in case of breaking the level 1.0265, then buy above this level with targets at 1.0330 and 1.0375
The uptrend has been draw downed 50%, so my expectation the uptrend will re-test 1.0256 again. In case price failed to re-test, then it may be going down to re-test the lower barrier @1.0200 zone. For additional informations, LWMA technical still support for uptrend in h1 graph.
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