Usd/Cad

elliott flat correction down 1.0434 decline should be supported around 1.04578 1.0459 zone for rally a bove 1.0525 a clear break of 1.0459 will damage this expected rally
support and resistances
res2 1.0553
res1 1.0525
pivot 1.5056
sup2 1.04559

today i like to sell this pair @ 1.0577
my stop loss of the day @ 1.0600
half take profit for today @ 1.0550
and further half take profit @ 1.0515

The pair is still under strong pressure bulls who have concentrated their forces in the slide-alligator from them today held northern lights out after which the pair came close to horizontal resistance of 0560 - a breakthrough which will be the signal for a long entry.

Couple today shows growth but not after penetration level of 1.06 began to fall and draws the absorption of the spark plug, but that's what I'm looking to sell dangerous, badly shot up steam, and can grow up to 1.06 or try to do it one more time and there can be few and sell.

Usd/cad analysis for 07.03.2013 by using pivot indicator.

r3: 1.06669
r2: 1.06216
r1: 1.05821

pivot: 1.05368

s1: 1.04973
s2: 1.04520
s3: 1.04125

My analysyst for usdcad today 03 july 2013
http://my.jetscreenshot.com/demo/m_2...yoy3-137kb.jpg

I think the trend today is bullish, because in this chart, we can see that the price open market at 00.00 server time is upper the pivot point. so i will take buy with target at R1

time frame- H1
the price is rejected three time from the resistance at 1.0555 and not able to break. but the price down movement is supported by the pivot point at 1.0535. its down movement is expected but we take our short entry with breaking pivot point and target 1.0490 stop loss at the 1.0590
good luck

today i like to buy this pair @ 1.0544
my stop loss of the day @ 1.0577
half take profit for today @ 1.0524
and further half take profit @ 1.0508

If we carefully analyze the hourly chart we can see that the pair is sandwiched between two strong-levels below the lower limit bullish channel and above the strong horizontal resistance of 0555, given the divergence and a sell signal MACD forward the development of the southern script with access to at least 0500.

elliott irregular flat correction up 1./0607 current up move should be ended around 1.0561 - 1.0584 any correction consolidation should find support in 1.0519 - 1.0499
support and resistances
res2 1.0623
res1 1.0584
piovt 1.0538
sup1 1.0499
sup2 1.0453