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http://prntscr.com/3oyq94
analysis for today 6 / 2 / 2014
AUD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0082
Retracement (50%) 1.0086
retracement (61,8%) 1.0090
Extensions (61.8%) 1.0046
Extensions (100.0%) 1.0032
Extensions (138.2%) 1.0018
Extensions (161.8%) 1.0010
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/3p5vbe
analysis for today 6 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCAD on the date 6 / 2 / 2014
OPEN 1.0094
HIGH 1.0095
LOW 1.0029
CLOSED 1.0073
The third resistance (R3) 1.0095 -( 1.0066 - 1.0029 = 0.0037 x 2 = 0.0073 )= 1.0168
The second Resistance (R2) 1.0066 + 1.0095 - 1.0029 = 1.0132
First resistance (R1) 1.0066 x 2 = 2.0131 - 1.0029 = 1.0102
pivot points 1.0095 + 1.0029 + 1.0073 = 3.0197 / 3 = 1.0066
Support for the first (S1) 1.0066 x 2 = 2.0131 - 1.0095 = 1.0036
Support second (S2) 1.0066 -( 1.0095 - 1.0029 = 0.0066 ) = 1.0000
Third Support (S3) 1.0029 -( 1.0095 - 1.0066 = 0.0029 x 2 = 0.0059 )= 0.9970
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pair- aud/cad
chart analysis time frame- m30
http://i58.tinypic.com/qovzit.jpg
the price is falling down with breaking the support at 1.0065 level and move to the lower support at 1.0035 level. now this is having up trend signal with parabolic sar and is also break the resistance at 1.0085 level. long with take profit at 1.0110 and stop loss at 1.0050
good luck.
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http://prntscr.com/3p9rcw
analysis for today 6 / 3 / 2014
AUD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0070
Retracement (50%) 1.0062
retracement (61,8%) 1.0054
Extensions (61.8%) 1.0136
Extensions (100.0%) 1.0161
Extensions (138.2%) 1.0186
Extensions (161.8%) 1.0202
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/3ph32g
analysis for today 6 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCAD on the date 6 / 3 / 2014
OPEN 1.0074
HIGH 1.0118
LOW 1.0059
CLOSED 1.0102
The third resistance (R3) 1.0118 -( 1.0093 - 1.0059 = 0.0034 x 2 = 0.0068 )= 1.0186
The second Resistance (R2) 1.0093 + 1.0118 - 1.0059 = 1.0152
First resistance (R1) 1.0093 x 2 = 2.0186 - 1.0059 = 1.0127
pivot points 1.0118 + 1.0059 + 1.0102 = 3.0279 / 3 = 1.0093
Support for the first (S1) 1.0093 x 2 = 2.0186 - 1.0118 = 1.0068
Support second (S2) 1.0093 -( 1.0118 - 1.0059 = 0.0059 ) = 1.0034
Third Support (S3) 1.0059 -( 1.0118 - 1.0093 = 0.0025 x 2 = 0.0050 )= 1.0009
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http://prntscr.com/3pjynb
analysis for today 6 / 4 / 2014
AUD/CAD
Resistance : R1 1.0175 R2 1.0200 R3 1.0220 R4 1.0250
Support : S1 1.0077 S2 1.0052 S3 1.0032 S4 1.0002
Open : 1.0101
High : 1.0152
Low : 1.0100
Range : 52 Pips
Running Price : 1.0120
Strategy : BUY at the level 1.0120 stop loss at the level 1.0077 target take profit at the level 1.0220 or at the level 1.0250
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http://prntscr.com/3pl4dr
analysis for today 6 / 4 / 2014
AUD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0095
Retracement (50%) 1.0089
retracement (61,8%) 1.0082
Extensions (61.8%) 1.0154
Extensions (100.0%) 1.0177
Extensions (138.2%) 1.0200
Extensions (161.8%) 1.0213
calculation based on a Fibonacci retracement then today I choose buy
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pair- aud/cad
chart analysis time frame- m30
http://i59.tinypic.com/2uetds2.jpg
the price is moving in the up trend channel pattern with having the support at 1.0134 level. the macd divergen is reducing and the price up movement is also rejecting from the resistance at 1.0155 level. its down movement can expected with breaking 1.0125 level.
good luck.
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http://prntscr.com/3ps5f1
analysis for today 6 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCAD on the date 6 / 4 / 2014
OPEN 1.0101
HIGH 1.0158
LOW 1.0100
CLOSED 1.0145
The third resistance (R3) 1.0158 -( 1.0134 - 1.0100 = 0.0034 x 2 = 0.0069 )= 1.0227
The second Resistance (R2) 1.0134 + 1.0158 - 1.0100 = 1.0192
First resistance (R1) 1.0134 x 2 = 2.0269 - 1.0100 = 1.0169
pivot points 1.0158 + 1.0100 + 1.0145 = 3.0403 / 3 = 1.0134
Support for the first (S1) 1.0134 x 2 = 2.0269 - 1.0158 = 1.0111
Support second (S2) 1.0134 -( 1.0158 - 1.0100 = 0.0058 ) = 1.0076
Third Support (S3) 1.0100 -( 1.0158 - 1.0134 = 0.0024 x 2 = 0.0047 )= 1.0053
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pair- aud/cad
chart analysis time frame- m30
http://i60.tinypic.com/hvpatj.jpg
the price is not able to break its up trend channel pattern at the support 1.0180 and the resistance at 1.0199 level. the macd indicator is at the zero level so down movement can expected with breaking the support. short with the profit target at 1.0125 and stop loss at 1.0210
good luck