Usd/Cad

Usd/cad technical analysis

date : 07.30.2013
time : 05:15 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 56.55

2) MACD (26,12,9)
value: -0.0003

3) ADX (14)
value: 30.78

4)CCI(14)
value: 12.43

overall trend - strongly bullish.

today i like to sell this pair @ 1.0282
my stop loss of the day @ 1.0310
half take profit for today @ 1.0262
and further half take profit @ 1.0240

USD/CAD pair is now down trend. The price already breakout daily pivot point (1.02663). I think the price may touch daily support 1 level (1.02495).

http://i1311.photobucket.com/albums/...pse7ef8c32.jpg

The USDCAD on flat. and this not good for op. next this will look good for sell only if this pair can break to bellow 1.0252 of course. so, let's take care to pay attention to that 1.0252 for break down plan sell then.

The pair USD/CAD on the H1 chart until flat and there is no change, there is a pro-level vendor and a set of passengers before the strong motion, I still believe that the fall is over and now it is worth buying a couple goals for the week at the top of the first level of 1.0310 on the rebound and rise to 1.0340 and then a small correction and the growth of the main goal 1.0393

Daily pivot Fibonacci points: Resistance levels: R1: 1.0280 R2: 1.0285 R3: 1.0295 Support levels: S1: 1.0254 S2: 1.0247 S3: 1.0230

If we analyze the daily chart is noticeable that the pair completely overcome sloping trend line and strengthened confidence below it, now to further reduce the need to break through a medium-term support for 0250 - this will be my main signal to sell. Profit thus be in the region 0200 and 0180.

Last hour candle is very aggressive and it is the northern seems too tough for the bears was the support level of 0250, the rate of almost effortlessly just overcome a number of important resistance levels (including zone and upper fractal 0280) - Now if the pair manages to strengthen higher 0300 figure-this will be the final buy signal.

time frame- M30
the price is now break the strong resistance trend line with a strong bullish candle. but this is rejected from the daily resistance at the 1.0299. if the price is move below the 1.02900 then it will be again in the down trend side. we can short this pair with the take profit at 1.0250 and stop loss at the 1.0330
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 (1.0289) R II (1.0305) R III (1.0320). and to this day support levels as follows: SI (1.0244) S II (1.0299) S IIII (1.0211)
recommendation:
I think for tonight USDCAD currency pair movement more towards the strong uptrend