Printable View
The pair intraday analysis at H1 using williams percentage range and moving average are showing the pair on bearish condition. It may continue today. try to find good resistance and set Short order on it. Today SNR :
R3 : 1.0379
R2 : 1.0352
R1 : 1.0315
Pivot : 1.0283
S1 : 1.0245
S2 : 1.0218
S3 : 1.0187
http://charts.mql5.com/2/138/usdcad-...ex-group-2.png
we can see in the 4h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1.0392
stochastic refers that the pair will go up
so our target buy from 1.0282 and our target will 110pips
Good luck
Usd/cad analysis for 07.29.2013 by using pivot indicator.
r3: 1.0338
r2: 1.0320
r1: 1.0298
pivot: 1.0280
s1: 1.0258
s2: 1.0240
s3: 1.0218
Usd/cad technical analysis
date : 07.29.2013
time : 05:15 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 51.07
2) MACD (26,12,9)
value: 0.0000
3) ADX (14)
value: 31.98
4)CCI(14)
value:99.58
overall trend - slightly bullish.
Our preference: Short positions below 1.0325 with targets @ 1.025 & 1.0215 in extension.
Alternative scenario: Above 1.0325 look for further upside with 1.0355 & 1.0395 as targets.
Comment: as long as 1.0325 is resistance, look for choppy price action with a bearish bias.
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 (1.0307) R II (1.0326) R III (1.0345). and to this day support levels as follows: SI (1.0251) S II (1.0234) S IIII (1.0212)
recommendation:
place your buy stop at 1.0300 price target profit of 20 pips (zones buyer)
place your sell stop at 1.0260 price target profit of 20 pips (zone seller)
USDCAD looks made it through the pivot level on the downside, it is likely prices will continue down to the level of 1.0257 to 1.0239, but if the prices go back up above the pivot, then the pair iniberpotensi to rise to the level of 1.0297
USD/CAD pair is now down trend. The price already breakout daily pivot point (1.02792). I think the price may touch daily support 1 level (1.02560).
http://i1311.photobucket.com/albums/...psbd64a21e.jpg
http://www5.0zz0.com/2013/07/29/13/281583785.png
the pair can not break support level to down way
stochastic refers to up way
the pair will go to up way
It seems beyond the power of bears Support 0260 - most likely it will be from the north and the beginning of the mid-term rebound in the northern correctional growth, and the resulting double MACD divergence and a buy signal on the hourly and 4-hour charts. But the turning point in the south-below 0250.
Spoiler: