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USDCAD,H1
Date 2013.05.07
Time 04:00
Open 1.0065
High 1.0067
Low 1.0064
Close 1.0066
Volume 46
SMA(5) 1.0067
SMA(10) 1.0068
SMA(20) 1.0076
SMA(50) 1.0086
SMA(100) 1.0081
SAR 1.0083
Indicator window 1
Stoch(5,3,3) 40.0000
Signal 40.8871
Indicator window 2
RSI(14) 38.9149
Indicator window 3
MACD(12,26,9) -0.00049
Signal -0.00042
Indicator window 4
%R(14) -90.6250
based on combination of indicators above,
trend : NEUTRAL
indication for very strong drive to bullish mode for this pair is given by strong confirmation from Accumulated Oscilator (AO), Relative Vigor Index (RVI) and Gator Oscilators which are in positive value to determine this pair now is in uptrend from level 1.0066 then both of fast stochastic line and slow line are crossing each other bottom upward near buy border level 20 as strong reversal to uptrend
i am going to buy this pair right now @ 1.0073
my stop loss of the day @ 1.0047
my take profit of the day for this pair @ 1.0093
USDCAD remains in downtrend from 1.0293, the rise from 1.0051 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and a breakdown below 1.0051 could trigger another fall to 1.0000 zone. Resistance is at 1.0145, only break above this level could indicate that the downtrend had completed at 1.0051 already, then the following upward move could bring price to 1.0250 zone.
Pivot levels today:
R3: 1.0117
R2: 1.0106
R1: 1.0085
PP: 1.0075
S1: 1.0053
S2: 1.0042
S3: 1.0021
Comment: Price now is too close to daily pivot level and 55 SMA, so no clear signal now.
Forecast: By breaking 1.0103 level, price may rise to 1.0127.
Usd/cad pivot levels by using fibonacci pivot indicator.
r3: 1.0111
r2: 1.0098
r1: 1.0090
pivot : 1.0076
s1: 1.0063
s2: 1.0055
s3: 1.0041
http://charts.mql5.com/1/491/usdcad-...orex-group.png
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 1.0144
stochastic refers that the pair will go up
so our target buy from 1.0070 and our target will 75pips
Good luck
Pair : USDCAD
Updated : Tue, May 07 16:42
price : 1.0066
movement : -0.2 Pips
movement : 0.00%
Support : 1.0043
Pivot : 1.0075
Resistance : 1.0106
:good:
for the USDCAD currency pair, currently still in the zone seller, please look at the daily chart, the candle looks like to penetrate lower that have formed and for recommendations today at 1.0051 price you can put a sell stop order at that price
Our preference: Short positions below 1.01 with targets @ 1.0045 & 1.0015 in extension.
Alternative scenario: Above 1.01 look for further upside with 1.013 & 1.015 as targets.
Comment: as long as 1.01 is resistance, look for choppy price action with a bearish bias.
Spoiler: