Here is my analysis today using pivot strategy
buy stop 1.0134 tp 1.0154 sl 1.0094
sell stop 1.0092 tp 1.0072 sl 1.0052
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Here is my analysis today using pivot strategy
buy stop 1.0134 tp 1.0154 sl 1.0094
sell stop 1.0092 tp 1.0072 sl 1.0052
now sellers dominate the market for usd / cad. ranging from selling monthly, weekly seller, sellers daily. the greatest probability is sell. use your favorite strategies and only take sell signals. price limits are 1.0080 and 1.0142
Spoiler:
On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI cross the line below area 50 ,indicates the trend is still down
Recommendation: SELL
Take profit: 0.9999
SL:1.0145
i am going with buying side for this pair at market price @ 1.0110
my stop loss for today @ 1.0069
half take profit @ 1.0144
and half @ 1.0176
http://www11.0zz0.com/2013/04/12/12/582380526.gif
hi
how are you
we can see in the 4h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1.0162
stochastic refers that the pair will go up
so our target buy from 1.0116 and our target will 60pips
Good luck
please put a stop order pending on the pair, because the USDCAD has try up again after the downturn, but in the long term the pair is still valid in the state upward trend, following the signal that I include in the picture, and all order muse use stoplose 50 pips
The position of the current price is below the 50 EMA on the hourly chart, the momentum is bearish
The position of the current MACD cross the line above the area 0, the momentum is bearish
Trend today: bearish
Target : 1.0052
USD/CAD intraday: rebound, BULLISH
Pivot: 1.008
Our preference: Long positions above 1.008 with targets @ 1.014 & 1.0175 in extension.
Alternative scenario: Below 1.008 look for further downside with 1.006 & 1.004 as targets.
Comment: the pair is rebounding and is breaking above its resistance, the RSI is well directed.
http://dl.dropbox.com/u/51561036/scr...412-232521.png
elliott elongated flat correction down 1.0040 one more dip to 1.0094 - 1.0073 is likely followed by a grind higher to 1.0130 - 1.0146 after which it can resume it is downtrend
support and resistine
Usd/cad analysis for 04.12.2013 by using pivot indicator.
r3: 1.0218
r2: 1.0186
r1: 1.0145
pivot: 1.0113
s1: 1.0072
s2: 1.0040
s3: 0.9999