elliott extended impulse wave down 1.0302 one more dip to 1.0346 - 1.0304 is likley followed by a grind higher to 1.0419 - after which it can rseume it is downtrend
support and resistances
res2 1.0533
res1 1.0450
piovt 1.0388
sup1 1.0304
sup2 1.0243
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elliott extended impulse wave down 1.0302 one more dip to 1.0346 - 1.0304 is likley followed by a grind higher to 1.0419 - after which it can rseume it is downtrend
support and resistances
res2 1.0533
res1 1.0450
piovt 1.0388
sup1 1.0304
sup2 1.0243
http://charts.mql5.com/2/20/usdcad-d...ex-group-2.png
we can see in the 1d chart
the pair will go to down way to the down moving average
i see the pair will go to down way to 1.0165 using by moving average
stochastic refers that the pair will go down
so our target sell from 1.0365 and our target will 200pips
Good luck
usd/cad market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 35.67
+di : 12.95
-di : 30.30
adx(21) levels
adx : 23.47
+di : 9.14
-di : 22.14
time : 0700
date : 12.07.2013
timeframe : 1 hour
Usd/cad analysis for 07.12.2013 by using pivot indicator.
r3: 1.05945
r2: 1.05326
r1: 1.04488
pivot: 1.03869
s1: 1.03031
s2: 1.02412
s3: 1.01574
My analysist for usdcad today,12 july 2013 using open price market at 00.00 broker time strategy
daily open 1.0365
buy stop 1.0385 tp 1.0405 sl 1.0325
sell stop 1.0345 tp 1.0325 sl 1.0405
happy enjoy trading...
USD/CAD pair price already touched lower trend line. Now the price try to move up ward. I think the price may touch daily pivot point (1.03803).
http://i1311.photobucket.com/albums/...psb1b8d08e.jpg
time frame- H1
the price is not able to break the support of 1.0362 and moving up side. now the pivot point at 1.0387 is also break and giving us long signal the moving average is also have support at the 1.0370. we can long this pair with the take profit at 1.0449 and stop loss at the 1.0350
good luck
Now look for cost entry point to buy the pair showed a retreat from the 200 moving and after a long sideways consolidation support near 0360 just north resumed growth, MACD formed a buy signal as the hourly and 4-hour chart, a buy signal should be a breakthrough 0400 figure.
USD/CAD intraday: BEARISH trend, the pair is bouncing back yet appears under its resistance.
Pivot@ 1.0435
My choice: Open SELL trade underneath 1.0435 with targets at 1.0325 and 1.0285 in extension.
Alternate choice scenario: On top of 1.0435 start looking for further up-side with 1.047 and 1.052 as targets.
http://dl.dropbox.com/u/51561036/scr...712-235316.jpg
http://charts.mql5.com/2/26/usdcad-h...orex-group.png
time chart 4h
i see the will go up using trend line and
stochastic refers that the pair will go up
will buy:1.0392
will go up:1.0492
pips:100
good luck