Printable View
USD/CAD intraday: DOWNTREND resistance @ 1.0355.
Pivot@ 1.0355
My choice: Open SELL positions under 1.0355 with targets at 1.0245 and 1.0195 in extension.
Alternate choice conditions: Higher than 1.0355 check for further up-side with 1.04 and 1.044 as targets.
http://dl.dropbox.com/u/51561036/scr...812-184038.jpg
usd/cad technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 12.08.13
timeframe : 1 hour
time : 1500
market trand : down
adx wilder(14) level
style : 22.41
+di : 23.06
-di : 17.29
adx(14) level
adx : 36.11
+di : 18.56
-di : 8.59
The pair continues to reduce its southern repulsed last week from the top of the side channel-0440, it seems the bears are sent to around 0245 (the lower boundary of the channel), but the couple has completed its northern correctional wave and again started to decline, after strengthening below 0300, and will make short position.
time frame- M30
i the price chart it is making a pull back from the pivot point and the macd indicator is also turn to the below zero level. the stoch indicator is also giving us short signal. we can short this pair with the take profit at 1.0270 and stop loss at the 1.0315
good luck
Personally, I'm getting ready for usdcad only to purchases worth to analyze only the daily chart as will become clear, a couple came up to the long-term trend line support-point touch in the 0300 figure from this line course several times demonstrated a strong north-rebound think that will happen in this time, the target level I think 0380 will be at a minimum.
USD/CAD analysis by using pivot indicator. (H4)
R3 1.03815
R2 1.03517
R1 1.03334
pivot 1.03037
S1 1.02739
S2 1.02556
S3 1.02259
the pair trade down the down trend in 1h chart
stochastic refers to down way
so the pair will continue to down way
http://www3.0zz0.com/2013/08/13/04/134645899.png
usd/cad technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 13.08.13
timeframe : 1 hour
time : 0900
market trand : down
adx wilder(14) level
style : 9.31
+di : 18.93
-di : 16.22
adx(14) level
adx : 24.68
+di : 21.16
-di : 9.39
Our view for this pair remain bearish. Near term resistance is at 10347. If price retraced back to the resistance level then we will find a shorting opportunity.
My daily trading,I hope the day is a success ...
USD/CAD (Daily Trade)
Open : 1.0304
Resistance : 1.0402 1.0422 1.0452
Support : 1.0230 1.0210 1.0180
High / Low : 1.0330/ 1.0302
Range : 28 pips
Running Price : 1.0327
for intraday trade today suggest BUY at the level 1.0327 , stop loss at the level 1.0230, target take profit at the level 1.0422 or TP 1.0452
===GOOD LUCK===