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The pair intraday analysis at H1 using williams percentage range and moving average showing the pair still on bearish trend. It may continue today. Try to find good resistance and set Short deal on it. Today SNR :
R3 : 1.0398
R2 : 1.0379
R1 : 1.0367
Pivot level : 1.0335
S1 : 1.0304
S2 : 1.0290
S3 : 1.0265
Usd/cad analysis for 07.23.2013 by using pivot indicator.
r3: 1.0406
r2: 1.0387
r1: 1.0360
pivot: 1.0341
s1: 1.0314
s2: 1.0295
s3: 1.0268
i think today price will back on the trend.. bearish trend is still dominated.. i think good to sell this pair cause now price seen below ma line and pivot area.. good to set tp on support 1 cause i think price will touch there..
The momentum for this pair remains downward. If price retraced back to 10363 resistance and rejected it then we may find a shorting opportunity.
Usd/cad pivot levels for 23.07.2013 by using fibonacci pivot indicator.
resistant 1:1.0393
resistant 2:1.0373
resistant 3:1.0361
pivot point :1.0341
support 1:1.0321
support 2:1.0309
support 3:1.0289
time frame- H1
the price is moving in a good down trend direction and today moving at the daily support at 1.0314. its making some doji pattern and try to move up side. if the price break pivot point at 1.0340 then up movement is expected to the 1.0365. long this pair with the stop loss at 1.0300
good luck
pair USD/CAD broke through on the H1 chart is now a local minimum I think that a little more would come down to the level before reversing 1,0283 from which it will turn, aims at the top on the first level of 1.0394 on a slight rebound to growth and the level of 1,0421 which expect to see the , while the trend is not broken up
today i like to buy this pair @ 1.0325
my stop loss of the day @ 1.0296
half take profit for today @ 1.0353
and further half take profit @ 1.0383
Forecast breakdown pattern / reversal. On July 23. In a pair USDCAD, the price tag on the situation ceychas bounced off support at 1.0316, and also for the last two days of TD frame 1.0376, support 1.0316, resistance 1.0368, volatility over the last 7 days 1.20, yesterday sold despite the rise in volatility for all the obvious choices would be outset, I hope there will be a break-down, but not right away because of the low volatility.
usd/cad market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 32.10
+di : 13.79
-di : 36.69
adx(14) levels
adx : 25.67
+di : 15.57
-di : 25.43
time : 1500
date : 23.07.2013
timeframe : 1 hour
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