USD/CAD pair is now down trend. The price already breakout daily pivot point (1.04313). I think the price may touch daily support 1 level (1.03576).
http://i1311.photobucket.com/albums/...psb8dae63f.jpg
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USD/CAD pair is now down trend. The price already breakout daily pivot point (1.04313). I think the price may touch daily support 1 level (1.03576).
http://i1311.photobucket.com/albums/...psb8dae63f.jpg
USD/CAD looks slid up close to the pivot 1.0430, but there were also a bit restrained by the MA lines and MSAR, if the upward movement is able to close above the pivot, opportunities for the pair to rise to the level of 1.0482 will happen. Conversely, if it fails to rise above the pivot, then it is likely the pair will drop to as low as 1.0357 to 1.0315
My daily trading,I hope the day is a success ...
USD/CAD (Daily Trade)
Open : 1.0415
Resistance : 1.0579 1.0599 1.0629
Support : 1.0319 1.0299 1.0269
High / Low : 1.0419 / 1.0382
Range : 37 pips
Running Price : 1.0385
for intraday trade today suggest sell at the level 1.0385, stop loss at the level 1.0482, target take profit at the level 1.0269
===GOOD LUCK===
USD / CAD continues to the southern mid-term decline, from which the couple did not even managed to keep a strong piece or 0400 or 200 MA course which after a short stop today broke through and reached a new week low, as we see the course opened itself practically unobstructed path to the 0300 figure, and in the future and the monthly minimum 0255.
Couple in the last few days showed a strong decline and today came close to an inclined medium-term support level, the point of contact with that 0370, observed the formation of stochastics bullish divergence, given the strong decline for at least the northern correction can expect, the first stop of 0420.
today i like to sell this pair @ 1.0393
my stop loss of the day @ 1.0422
half take profit for today @ 1.0367
and further half take profit @ 1.0353
the pair trade down the down trend in 1h chart
stochastic refers to down way
so the pair will continue to down way
http://www6.0zz0.com/2013/09/09/19/706881659.png
USDCAD, at yesterdays price able to make a new daily low. This seller currently still dominate the market, because the price is below the band BS daily. weekly down trend direction. but the condition of the current daily LSMA pointing up, move up this is a correction from yesterday's bearish movement. recommendation still looking for the best short positions. ie when prices seen bouncing from band BS daily. target price is 1.0350.
The following data is predicted based on indicators that we use for the currency pair USD/CAD today, for today's support and resistance levels as follows: (R3=1,0465), (R2=1,0442), (R1=1,0407), (Pivots=1,0384), (S1=1,0349), (S2=1,0326), (S3=1,0291)
recommendation:
place your sell stop at 1,0364 target profit at 1,0344 (Seller zones)
place your buy stop at 1,0404 profit target at 1,0424 (buyer zone)
usd/cad forecast:
as we can see in the daily chart, this pair is moving down to test the support line at 1.0332
current price: 1.0374
we can place sell order with stop loss at: 1.0415
take profit at: 1.0338
good luck...