Usd/Cad

Usd/cad analysis for 04.11.2013 by using pivot indicator.

r3: 1.0188
r2: 1.0177
r1: 1.0160

pivot: 1.0149

s1: 1.0132
s2: 1.0121
s3: 1.0104

M30
Being priced at 1.0148 pivot price still sideway. crosses above MA 10 and MA 20 are below 100 indicates an increase trend is still down and the only correction. RSI overbought condition would. no pattern bullish Gartley, but masihkah effect? would go down to the S1 at 1.0130?
signal = sell
target = S1 at 1.0130
stoploss = R1 at 1.0158
:)
[]http://my.jetscreenshot.com/demo/m_2...wcxg-189kb.jpg[/]

New SIgnal

USD CAD

From 06:01 11-Apr-2013 GMT
Till 10:01 11-Apr-2013 GMT
Buy
Buy at 1.0134
Take profit* at 1.0188
Stop loss at 1.0098

As you see in my following attached chart, the pair closed yesterday’s trading below 1.0145, to reinforce our bearish overview, as the trading continues within the bearish channel shown in the image, while the first target is located at 1.0035
Stochastic provides negative overlapping signal that supports our bearish overview.

http://charts.mql5.com/1/309/usdcad-...orex-group.png


we can see in the 1d chart

the pair can not close up the broken down trend line

I see the pair will go to down way to 1.9959

stochastic refers that the pair will go down

so our target sell from 1.0089 and our target will 130pips

Good luck

http://charts.mql5.com/1/311/usdcad-...orex-group.png



we can see in the 1h chart

the pair will go up to fibo 50.0

I see the pair will go to up way to 1.0159

stochastic refers that the pair will go up

so our target buy from 1.0110 and our target will 50pips

Good luck
:woo::happy::);)

it is good i appreciate it...but the fact is it is difficult in it to trade...cause it is quite similar..
and their flactuation is tuff to difficult...

A few hours ago CAD demonstrated a strong southern descent pair even managed to overcome the strong zone of lower fractals (support 0120) which was a signal to sell but has to further reduce the 0100 Bears to overcome strong figure that opens the way to 0055 and to the 1.0000 mark.

Technical analysis using simple method daily open
buy stop 1.0124 tp 1.0144 sl 1.0064
sell stop 1.0084 tp 1.0064 sl 1.0144

elliott flat correction down 1.0105 it looks set to vist futher ;ower territory down to around 1.0141 - 1.0132 it is corrective attempts should fail ahead of 1.0156 or 1.0161 stop loss above 1.0179