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My analysist for usdcad today, 11 september 2013
this strategy is using open day daily chart. So, my strategy is based on the open daily price.
This strategy is simple, just using dolly graphic. So my strategy is just using pending order.
Buy stop 1.0371 tp 1.0391 sl 1.0331
sell stop 1.0331 tp 1.0311 sl 1.0371
happy trading, may profit always with us
analysis of several indicators that I use on usd/cad currency with M30 and H1 timeframes are in the form of pivots indicator R3=1.0425, R2=1.0403, R1=1.0376, Pivots=1.0354, S1=1.0327, S2=1.0305, S3=1.0278 indicates the following as well as I use other indicators such as zona trade that displays the zona signal BULLISH on market position 1.0354 so that the most appropriate step is to conduct an open position BUY with a stop loss of 1.0329 and take profit at 1.0379
Usd/cad analysis :
date : 09.11.13
time : 02:15 GMT
time frame : 15 min
current rate : 1.0344
high : 1.0357
low : 1.0340
net change : -0.01%
overall trend : strongly bearish.
USD CAD shows negative trading and attempts to break below the bullish channel’s support that appears in the image, while Stochastic attempts to stop the expected decline, by providing oversold signals. Until now, we are continuing in our neutral attitude, waiting for a clear daily close below the bullish channel support at 1.0355 or above 1.0400
http://charts.mql5.com/2/487/usdcad-...orex-group.png
USD/CAD break the pivot level 1.0350, the pair will likely go down to the level of 1.0325 to 1.0305 , but if it turns out later the price back up and made it through the pivot, then there is an opportunity to rise to the level of 1.0376 to 1.0405
USDCAD this morning seem to fail to break the pivot level, the pair will likely go down to the level of 1.0328 to 1.0305 after being rejected by the pivot, but if it turns out later the price back up and made it through the pivot, then there is an opportunity to rise to the level of 1.0377 to 1.0403
I use scalping strategies on this currency pairs Usd/Cad so I prefer the short time that is the timeframe M15 and M30,
that's position market on 1.0342 then also there are some indicators that I use as the Bollinger Bands is TREND DOWN, ADX is TREND DOWN, Stochastic is TREND DOWN.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order SELL at current market at 12:26 and use a stop loss and take profit of 30 pips
is the take profit at 1.0312 and stop loss at 1.0372
USD/CAD pair is now down trend. The price already breakout daily pivot point (1.03532). I think the price may touch daily support 1 level (1.03266).
http://i1311.photobucket.com/albums/...ps0b24731f.jpg
Usd/cad analysis for 09.11.2013 by using pivot indicator.
r3: 1.04250
r2: 1.04027
r1: 1.03761
pivot: 1.03538
s1: 1.03272
s2: 1.03049
s3: 1.02783
http://www7.0zz0.com/2013/09/11/10/655715681.png
the pair trade down the down trend in 1h chart
stochastic refers to down way
moving confirm the down view
so the pair will continue to down way
---------- Post added at 01:44 PM ---------- Previous post was at 01:40 PM ----------
http://www7.0zz0.com/2013/09/11/10/655715681.png
the pair trade down the down trend in 1h chart
stochastic refers to down way
moving confirm the down view
so the pair will continue to down way