Usd/Cad

Usd/cad analysis :

date : 06.28.13
time : 09:00 GMT
time frame : 15 min

current rate : 1.0467
high : 1.0504
low : 1.0451
net change : -0.07%

overall trend : slightly bullish.

haay USD CAD fluctuates around the upside channel’s resistance, and remains stable below it, which keeps our intraday bearish overview valid, supported by stochastic negativity.
Hence, we are waiting targets that reach 1.0275 followed by 1.0200, unless 1.0540 was breached.
good luck

Hi,, ;);)








in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 1.0365
I expect from this analyze that the price will go to down way
so sell from 1.0486 to 1.0365
good luck

USD/CAD Elliott Wave
Last week the USD/CAD pair has been trading upwards, impulsive wave 3 (coloured blue) of the bigger wave [1] (colured red) has been developing. During the Friday's Asian and European sessions we could observe ascending movement from 1.0362 towards the 1.0487 level. Therefore, during the New York session this major currency did not manage to hold this levels and the price has retrace back to 1.0438 level. Today the USD/CAD pair has found resistance at 1.0538 level (end of the impulsive wave 3) and the price is currently trading below 1.0520 area. In accordance with our wave rules and taking into account that wave 4 should retrace 38.2% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 1.0397 (38.2% of wave 3). To reduce the risk, we can use resistance point at 1.0540 level as stop loss.
Support and Resistance
(S3) 1.0310 (S2) 1.0358 (S1) 1.0388 (PP) 1.0436 (R1) 1.0484 (R2) 1.0514 (R3) 1.0562
Trading forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movement. That is why short positions at level 1.0510 with stop loss at 1.0540 and take profit at 1.0397 are recommended.

elliott correction zigzag 1.0410 it should test 1.0503 area after which a sell off down to 1.0433 or extended to 1.0388 area is expected
support and resistances
res2 1.0549
res1 1.0513
piovt 1.0468
sup1 1.0433
sup2 1.0388

http://charts.mql5.com/1/918/usdcad-...orex-group.png



hi


the pair can close up the up trend line
i see the pair will go to up way to 1.0618
stochastic refers that the pair will go up
so our target buy from 1.0518 and our target will 100pips

Good luck

http://charts.mql5.com/1/921/usdcad-...orex-group.png



the pair can close up the up trend line
i see the pair will go to up way to 1.0618
stochastic refers that the pair will go up
so our target buy from 1.0518 and our target will 100pips

=(:happy:

well i've been told in the beginni ng of my life in forex that the cad moves opposite to the euro usd but i have found that is not always true but i see that it may be true that the the cad will take an opposite directio n to the lonf down trend it was taki ng and the euro will complete going down thats my opinion who knows the candles shows new directions

:accute::))):yahoo:


time frame 4h in the chart
the pair will go down
I see the pair will go to down way to 1.0418
rsi refers that the pair will go down
so our target sell from 1.0518 and our target will 100pips

thanks

elliott irregular flat correction up 1.0587 current up move should be ended around 1.0536 - 1.0563 any correction consolidation should find support in 1.0486 - 1.0464
support and resistances
res2 1.0608
res1 1.0563
piovt 1.0509
sup1 1.0464
sup2 1.0409