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time frame- H1
the price has the strong resistance at the 1.0545 and rejected from this level. now the price close below the pivot point and moving average 14 support at the 1.0508 so the down movement is expected. we can short this pair with take profit at 1.0425 and stop loss at the 1.0565
good luck
The following data is predicted based on indicators that we use for the USDCAD currency pair today, for today's resistance levels as follows: RI (1.0580) R II (1.0612) R III (1.0667). and to this day support levels as follows: SI (1.0444) S II (1.0404) S IIII (1.0360)
recommendation:
USDCAD allows for breakhigh, so my recommendation is to buy the target maximum profit to the R III, the minimum is 20 pips
today i like to sell this pair @ 1.0526
my stop loss of the day @ 1.0551
half take profit for today @ 1.0506
and further half take profit @ 1.0467
USD/CAD intraday: supported by a climbing trend line. the pair has moved on top of the higher boundary of a bearish channel.
Pivot@ 1.0485
My choice: Open BUY positions on top of 1.0485 with targets @ 1.0555 & 1.058 in extension.
Alternate choice conditions: Under 1.0485 take a look for further down-side with 1.0455 & 1.042 as targets.
http://dl.dropbox.com/u/51561036/scr...701-214507.jpg
The pair formed a double tip up on the resistance of 0530 and now it may be a good idea to work out + of Education held a divergence of MACD, the final signal to sell should be the strengthening of below 0500 figures that will support the 0420 and 0320 (District 200 MA).
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 1.0442
I expect from this analyze that the price will go to down way
so sell from 1.0499 to 1.0442
good luck
elliott crucial reversal point 1.0689 current rise seems to be over 1.0537 or 1.0670 for a retracement towards 1.0404 - 1.0328 area
support and resistances
res2 1.0823
res1 1.0670
piovt 1.0404
sup1 1.0252
sup2 0.9985
Usd/cad analysis for 07.02.2013 by using pivot indicator.
r3: 1.05688
r2: 1.05506
r1: 1.05228
pivot: 1.05046
s1: 1.04768
s2: 1.04586
s3: 1.04308
time frame- H1
the price is moving in the channel chart pattern with having resistance at the 1.0524 and the support at the 1.0495. the moving average is also providing support at the 1.0495. we can short this pair with breaking support and the take profit 1.0450 with stop loss at the 1.0550
good luck
The USD/CAD pair looks like having trouble penetrating the 1.0515 resistance level. Now we only need to wait for the Technical Trigger to Short this level into next 1.0420 Support. If it matched with our 1:2 Risk to Reward Perspective then it's a signal to go