Printable View
The pair after forming a new low, bounced up a bit. Local resistance on the hourly interval is at 1.01319. In general, vapor is downlink. Although it is possible that the rise may be the middle or the upper boundary of the channel. Key support is at 1.00509.@>-
in the recent times this pair is trading near partial level which is very important for the future of this pair if market will break this level than next trading level will be 0.9960 1st and than 0.9930 and than the most critical point 0.9760 can be seen.
USDCAD,H1
Date 2013.05.06
Time 04:00
Open 1.0075
High 1.0076
Low 1.0074
Close 1.0074
Volume 26
SMA(5) 1.0078
SMA(10) 1.0078
SMA(20) 1.0092
SMA(50) 1.0090
SMA(100) 1.0087
SAR 1.0086
Indicator window 1
Stoch(5,3,3) 36.8421
Signal 49.3463
Indicator window 2
RSI(14) 38.7032
Indicator window 3
MACD(12,26,9) -0.00059
Signal -0.00045
Indicator window 4
%R(14) -95.5556
based on combination of indicators above,
trend : BEARISH
bearish signal is starting from level 1.0070 after confirmation from Accumulated Oscilator (AO), Relative Vigor Index (RVI) and Gator Oscilators are in negative value as very strong dowtrend movement indication, then both of fast stochastic line and slow line are crossing each other bottom upward near buy border level 20, it means bearish is being ended then pair will upward
Usd/cad analysis for 05.06.2013 by using pivot indicator.
r3: 1.0171
r2: 1.0151
r1: 1.0115
pivot: 1.0095
s1: 1.0059
s2: 1.0039
s3: 1.0003
Pivot levels today:
R3: 1.0182
R2: 1.0157
R1: 1.0119
PP: 1.0094
S1: 1.0056
S2: 1.0027
S3: 0.9993
Commnet: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall ot 1.0027.
Usd/cad technical analysis
date : 05.06.2013
time : 06:00 GMT
time frame : 15 min
indicator :
1) RSI (14)
value- 33.83
2) STOCH (13,3,3)
value - 0.0000
3) MACD (26,12,9)
value- 0.0002
4) ADX (14)
value - 42.00
overall trend- slightly bearish.
USDCAD’s bounce from 1.0051 extended to as high as 1.0132 last Friday. Key resistance is at 1.0145, as long as this level holds, the bounce could be treated as consolidation of the downtrend from 1.0293, another fall towards 0.9900 is possible after consolidation. However, a break above 1.0145 will indicate that the downward movement from 1.0293 had completed at 1.0051 already, then the following upward move could bring price to 1.0250 zone.
time frame- M30
the price having the support at the 1.0070 it is not braking and price move to up side. but it is again rejected from the 1.0095 level and moving down side. if this is break the 1.0070 we can short with the target at 1.0040
good luck
elliott irregular fat correction down 1.0021 it looks more likely that it would rise to 1.0115 - 1.0151 from 1.0078 or 1.0059 after which a downside nmove is expected
support and resistances
res2 1/0151
res1 1.0115
pivot 1.0069
sup1 1.0059
sup2 1.0040
Spoiler: