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http://prntscr.com/439ue6
analysis for today 7 / 16 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4597
Retracement (50%) 1.4602
retracement (61,8%) 1.4606
Extensions (61.8%) 1.4558
Extensions (100.0%) 1.4543
Extensions (138.2%) 1.4528
Extensions (161.8%) 1.4519
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/43k2vd
analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 7 / 16 / 2014
OPEN 1.4596
HIGH 1.4606
LOW 1.4508
CLOSED 1.4527
The third resistance (R3) 1.4606 -( 1.4547 - 1.4508 = 0.0039 x 2 = 0.0078 )= 1.4684
The second Resistance (R2) 1.4547 + 1.4606 - 1.4508 = 1.4645
First resistance (R1) 1.4547 x 2 = 2.9094 - 1.4508 = 1.4586
pivot points 1.4606 + 1.4508 + 1.4527 = 4.3641 / 3 = 1.4547
Support for the first (S1) 1.4547 x 2 = 2.9094 - 1.4606 = 1.4488
Support second (S2) 1.4547 -( 1.4606 - 1.4508 = 0.0098 ) = 1.4449
Third Support (S3) 1.4508 -( 1.4606 - 1.4547 = 0.0059 x 2 = 0.0118 )= 1.4390
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http://prntscr.com/43lky3
analysis for today 7 / 17 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4545
Retracement (50%) 1.4557
retracement (61,8%) 1.4569
Extensions (61.8%) 1.4447
Extensions (100.0%) 1.4410
Extensions (138.2%) 1.4373
Extensions (161.8%) 1.4349
calculation based on a Fibonacci retracement then today I choose sell
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If the price broke the resistance at 1.4550 then I expect it to continue his rise, But in the case of failure I expect it to go down to 1.4507.
http://i.imgur.com/u2s3Wur.png
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http://prntscr.com/43veku
analysis for today 7 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 7 / 17 / 2014
OPEN 1.4528
HIGH 1.4557
LOW 1.4506
CLOSED 1.4556
The third resistance (R3) 1.4557 -( 1.4540 - 1.4506 = 0.0034 x 2 = 0.0067 )= 1.4624
The second Resistance (R2) 1.4540 + 1.4557 - 1.4506 = 1.4591
First resistance (R1) 1.4540 x 2 = 2.9079 - 1.4506 = 1.4573
pivot points 1.4557 + 1.4506 + 1.4556 = 4.3619 / 3 = 1.4540
Support for the first (S1) 1.4540 x 2 = 2.9079 - 1.4557 = 1.4522
Support second (S2) 1.4540 -( 1.4557 - 1.4506 = 0.0051 ) = 1.4489
Third Support (S3) 1.4506 -( 1.4557 - 1.4540 = 0.0017 x 2 = 0.0035 )= 1.4471
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http://prntscr.com/44qqpo
analysis for today 7 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 7 / 18 / 2014
OPEN 1.4554
HIGH 1.4560
LOW 1.4479
CLOSED 1.4517
The third resistance (R3) 1.4560 -( 1.4519 - 1.4479 = 0.0040 x 2 = 0.0079 )= 1.4639
The second Resistance (R2) 1.4519 + 1.4560 - 1.4479 = 1.4600
First resistance (R1) 1.4519 x 2 = 2.9037 - 1.4479 = 1.4558
pivot points 1.4560 + 1.4479 + 1.4517 = 4.3556 / 3 = 1.4519
Support for the first (S1) 1.4519 x 2 = 2.9037 - 1.4560 = 1.4477
Support second (S2) 1.4519 -( 1.4560 - 1.4479 = 0.0081 ) = 1.4438
Third Support (S3) 1.4479 -( 1.4560 - 1.4519 = 0.0041 x 2 = 0.0083 )= 1.4396
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http://prntscr.com/44usnf
analysis for today 7 / 21 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.4529
Retracement (50%) 1.4520
retracement (61,8%) 1.4510
Extensions (61.8%) 1.4610
Extensions (100.0%) 1.4641
Extensions (138.2%) 1.4672
Extensions (161.8%) 1.4691
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/452ix0
analysis for today 7 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 7 / 21 / 2014
OPEN 1.4524
HIGH 1.4541
LOW 1.4501
CLOSED 1.4521
The third resistance (R3) 1.4541 -( 1.4521 - 1.4501 = 0.0020 x 2 = 0.0040 )= 1.4581
The second Resistance (R2) 1.4521 + 1.4541 - 1.4501 = 1.4561
First resistance (R1) 1.4521 x 2 = 2.9042 - 1.4501 = 1.4541
pivot points 1.4541 + 1.4501 + 1.4521 = 4.3563 / 3 = 1.4521
Support for the first (S1) 1.4521 x 2 = 2.9042 - 1.4541 = 1.4501
Support second (S2) 1.4521 -( 1.4541 - 1.4501 = 0.0040 ) = 1.4481
Third Support (S3) 1.4501 -( 1.4541 - 1.4521 = 0.0020 x 2 = 0.0040 )= 1.4461
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http://prntscr.com/4574nx
analysis for today 7 / 22 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4516
Retracement (50%) 1.4521
retracement (61,8%) 1.4526
Extensions (61.8%) 1.4476
Extensions (100.0%) 1.4461
Extensions (138.2%) 1.4446
Extensions (161.8%) 1.4436
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/45f4jd
analysis for today 7 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 7 / 22 / 2014
OPEN 1.4521
HIGH 1.4531
LOW 1.4450
CLOSED 1.4459
The third resistance (R3) 1.4531 -( 1.4480 - 1.4450 = 0.0030 x 2 = 0.0060 )= 1.4591
The second Resistance (R2) 1.4480 + 1.4531 - 1.4450 = 1.4561
First resistance (R1) 1.4480 x 2 = 2.8960 - 1.4450 = 1.4510
pivot points 1.4531 + 1.4450 + 1.4459 = 4.3440 / 3 = 1.4480
Support for the first (S1) 1.4480 x 2 = 2.8960 - 1.4531 = 1.4429
Support second (S2) 1.4480 -( 1.4531 - 1.4450 = 0.0081 ) = 1.4399
Third Support (S3) 1.4450 -( 1.4531 - 1.4480 = 0.0051 x 2 = 0.0102 )= 1.4348