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analysis for today 5 / 23 / 2014
AUD/CAD
Resistance : R1 1.0114 R2 1.0139 R3 1.0159 R4 1.0189
Support : S1 0.9995 S2 0.9970 S3 0.9950 S4 0.9920
Open : 1.0045
High : 1.0070
Low : 1.0039
Range : 31 Pips
Running Price : 1.0048
Strategy : BUY at the level 1.0048 stop loss at the level 0.9995 target take profit at the level 1.0159 or at the level 1.0189
analysis for today 5 / 23 / 2014
AUD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0063
Retracement (50%) 1.0073
retracement (61,8%) 1.0082
Extensions (61.8%) 0.9984
Extensions (100.0%) 0.9954
Extensions (138.2%) 0.9924
Extensions (161.8%) 0.9905
calculation based on a Fibonacci retracement then today I choose sell
analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCAD on the date 5 / 23 / 2014
OPEN 1.0045
HIGH 1.0070
LOW 1.0023
CLOSED 1.0023
The third resistance (R3) 1.0070 -( 1.0039 - 1.0023 = 0.0016 x 2 = 0.0031 )= 1.0101
The second Resistance (R2) 1.0039 + 1.0070 - 1.0023 = 1.0086
First resistance (R1) 1.0039 x 2 = 2.0077 - 1.0023 = 1.0054
pivot points 1.0070 + 1.0023 + 1.0023 = 3.0116 / 3 = 1.0039
Support for the first (S1) 1.0039 x 2 = 2.0077 - 1.0070 = 1.0007
Support second (S2) 1.0039 -( 1.0070 - 1.0023 = 0.0047 ) = 0.9992
Third Support (S3) 1.0023 -( 1.0070 - 1.0039 = 0.0031 x 2 = 0.0063 )= 0.9960
pair- aud/cad
chart analysis time frame- h1
http://i61.tinypic.com/1tlclj.jpg
the price movement is in the strong down trend side and now making a weak support at the 1.0029 level. the macd divergen to the zero level side so up movement can expected if the price move above with breaking resistance at 1.0068 level. long with the stop loss at 1.0010
good luck.
the AUDCAD pair price seems that the direction will be Down about the levels we have a strong support at 1.0027 which may stop the price from going down, But it will also be a good place to sell if the candle closes below it, On the other hand the Level 1.0041 acts as strong resistance which could be considered a strong place to buy from if broken.
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analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCAD on the date 5 / 26 / 2014
OPEN 1.0035
HIGH 1.0042
LOW 1.0024
CLOSED 1.0026
The third resistance (R3) 1.0042 -( 1.0031 - 1.0024 = 0.0007 x 2 = 0.0013 )= 1.0055
The second Resistance (R2) 1.0031 + 1.0042 - 1.0024 = 1.0049
First resistance (R1) 1.0031 x 2 = 2.0061 - 1.0024 = 1.0037
pivot points 1.0042 + 1.0024 + 1.0026 = 3.0092 / 3 = 1.0031
Support for the first (S1) 1.0031 x 2 = 2.0061 - 1.0042 = 1.0019
Support second (S2) 1.0031 -( 1.0042 - 1.0024 = 0.0018 ) = 1.0013
Third Support (S3) 1.0024 -( 1.0042 - 1.0031 = 0.0011 x 2 = 0.0023 )= 1.0001
pair- aud/cad
chart analysis time frame- m30
http://i57.tinypic.com/33vmcd1.jpg
triangle chart pattern at the resistance side break and price is move to the 1.0087 level and now falling this may be a correction and make a pull up from the support at 0.9999. hold the long entry with stop loss at the 0.9975 and profit target at 1.0090
good luck.
the AUDCAD seems that the direction will be Down about the levels we have a strong support at 1.0025 which may stop the price from going down, But it will also be a good place to sell if the candle closes below it, On the other hand the Level 1.0039 acts as strong resistance which could be considered a strong place to buy from if broken.
pair- aud/cad
chart analysis time frame- m30
http://i58.tinypic.com/23r7n5s.jpg
the price has been break the support at 1.0020 level rejecting from the resistance at 1.0053 level. the rsi indicator is showing oversold but parabolic giving up trend signal. if the price is move above the 1.0015 then make long entry with take profit at 1.0050
good luck.
hanji aapne thik kaha ye bahut he achha mauka hai sell karne ka lekin jo candlestick ke pattern ko jaante hai sirf woi traders esko sell kar sakte hai nahi to esme kaafi dikkat trader ko aayenga aur support ka dhyaan mein rakh kar kaam karein..Quote:
Originally Posted by RaKalan