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pair- aud/cad
chart analysis time frame- h1
up trend channel pattern setup by the price having the support at 1.0151 and the resistance 1.0235 level. the macd and the rsi is also continue to their up trend signal. we can hold long position with the stop loss at 1.0150 and the take profit at 1.0260
good luck.
analysis for today 3 / 25 / 2014
AUD/CAD
Resistance : R1 1.0283 R2 1.0308 R3 1.0328 R4 1.0358
Support : S1 1.0170 S2 1.0145 S3 1.0125 S4 1.0095
Open : 1.0215
High : 1.0245
Low : 1.0208
Range : 37 Pips
Running Price : 1.0236
Strategy : BUY at the level 1.0236 stop loss at the level 1.0170 target take profit at the level 1.0328 or at the level 1.0358
As we can see on the chart, AUDCAD is moving around 1.0239 resistance level now. Then, if AUDCAD can rise and break this resistance level successfully, I think this pair will be possible to go up and reach the next resistance level at 1.0312. But if AUDCAD fail to break this resistance, this pair may makes a correction movement to the support level at 1.0168.
In yesterday's trading the currency pair AUD / CAD tested the level of monthly resistance at 1.0242 low, but could not break through and fell, and now on H1 chart Stochastic indicator signals on growth and because I think that a couple can begin to ascend to the level of resistance in the price 1.0283 .
analysis for today 3 / 25 / 2014
AUD/CAD
Resistance 3 1,0338
Resistance 2 1,0308
Resistance 1 1,0288
Pivot Point 1,0215
Support 1 1,0165
Support 2 1,0145
Support 3 1,0115
BUY STOP 1,0288 STOP LOSS 1,0165 TAKE PROFIT 1,0308
SELL STOP 1,0165 STOP LOSS 1,0288 TAKE PROFIT 1,0145
pair- aud/cad
chart analysis time frame- h1
the price is not able to break the resistance at the 1.0248 and falling down side with breaking the supporting trend line. at the time macd indicator is also making lower to low so price will continue falling. short with the take profit at 1.0130 and stop loss at 1.0250
good luck.
Trade forex pivot point calculations based on today's.
Pair = AUDCAD
Date = Tuesday, March.25.2014
Pivot point Result
Resistance 3 = 1.0364
Resistance 2 = 1.0306
Resistance 1 = 1.0272
Pivot point = 1.0214
Support 1 = 1.018
Support 2 = 1.0122
Support 3 = 1.0088
Market price prediction
if buy at = 1.0156
take profit = 1.033
stop loss = 1.0098
is sell at = 1.0248
take profit = 1.0146
stop loss = 1.0282
analysis for today 3 / 26 / 2014
AUD/CAD
Resistance : R1 1.0289 R2 1.0314 R3 1.0334 R4 1.0364
Support : S1 1.0156 S2 1.0131 S3 1.0111 S4 1.0081
Open : 1.0230
High : 1.0231
Low : 1.0214
Range : 17 Pips
Running Price : 1.0219
Strategy : BUY at the level 1.0219 stop loss at the level 1.0156 target take profit at the level 1.0334 or at the level 1.0364
Woodie's Pivot Point daily calculation
Pair : AUD/CAD
Date : Wednesday,March 26,2014
Resistance 3 = 1.0295
Resistance 2 = 1.0275
Resistance 1 = 1.0251
Pivot point = 1.0231
Support 1 = 1.0207
Support 2 = 1.0187
Support 3 = 1.0163
Pivot Point result today
Pair : AUD/CAD
Support 3 = 1.0144
Support 2 = 1.0188
Support 1 = 1.0209
Pivot Point = 1.0232
Resistance 1 = 1.0252
Resistance 2 = 1.0276
Resistance 3 =1.0320
Date : Wednesday,March 26,2014
Time Frame : Daily