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http://prntscr.com/4co55d
analysis for today 8 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 8 / 13 / 2014
OPEN 1.4602
HIGH 1.4642
LOW 1.4568
CLOSED 1.4585
The third resistance (R3) 1.4642 -( 1.4598 - 1.4568 = 0.0030 x 2 = 0.0061 )= 1.4703
The second Resistance (R2) 1.4598 + 1.4642 - 1.4568 = 1.4672
First resistance (R1) 1.4598 x 2 = 2.9197 - 1.4568 = 1.4629
pivot points 1.4642 + 1.4568 + 1.4585 = 4.3795 / 3 = 1.4598
Support for the first (S1) 1.4598 x 2 = 2.9197 - 1.4642 = 1.4555
Support second (S2) 1.4598 -( 1.4642 - 1.4568 = 0.0074 ) = 1.4524
Third Support (S3) 1.4568 -( 1.4642 - 1.4598 = 0.0044 x 2 = 0.0087 )= 1.4481
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http://prntscr.com/4cnm2h
analysis for today 8 / 14 / 2014
EUR/CAD
Resistance : R1 1.4645 R2 1.4670 R3 1.4690 R4 1.4720
Support : S1 1.4516 S2 1.4491 S3 1.4471 S4 1.4441
Open : 1.4584
High : 1.4591
Low : 1.4570
Range : 21 Pips
Running Price : 1.4580
Strategy : SELL at the level 1.4580 stop loss at the level 1.4645 target take profit at the level 1.4471 or at the level 1.4441
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pair- eur/cad
chart analysis time frame- m30
http://i57.tinypic.com/oi6hxf.jpg
the price is making double bottom chart pattern with having the strong support at the 1.4555 level. the rsi indicator is now moving above the 50 level and if the price is break pivot point at 1.4598 level then make long entry with take profit at 1.4690 and stop loss at 1.4530
good luck
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http://prntscr.com/4cqczy
analysis for today 8 / 14 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.4614
Retracement (50%) 1.4605
retracement (61,8%) 1.4596
Extensions (61.8%) 1.4688
Extensions (100.0%) 1.4716
Extensions (138.2%) 1.4744
Extensions (161.8%) 1.4762
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/4czjmx
analysis for today 8 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 8 / 14 / 2014
OPEN 1.4584
HIGH 1.4615
LOW 1.4562
CLOSED 1.4569
The third resistance (R3) 1.4615 -( 1.4582 - 1.4562 = 0.0020 x 2 = 0.0040 )= 1.4655
The second Resistance (R2) 1.4582 + 1.4615 - 1.4562 = 1.4635
First resistance (R1) 1.4582 x 2 = 2.9164 - 1.4562 = 1.4602
pivot points 1.4615 + 1.4562 + 1.4569 = 4.3746 / 3 = 1.4582
Support for the first (S1) 1.4582 x 2 = 2.9164 - 1.4615 = 1.4549
Support second (S2) 1.4582 -( 1.4615 - 1.4562 = 0.0053 ) = 1.4529
Third Support (S3) 1.4562 -( 1.4615 - 1.4582 = 0.0033 x 2 = 0.0066 )= 1.4496
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http://prntscr.com/4cy7en
analysis for today 8 / 15 / 2014
EUR/CAD
Resistance : R1 1.4636 R2 1.4661 R3 1.4681 R4 1.4711
Support : S1 1.4500 S2 1.4475 S3 1.4455 S4 1.4425
Open : 1.4568
High : 1.4575
Low : 1.4561
Range : 14 Pips
Running Price : 1.4563
Strategy : SELL at the level 1.4563 stop loss at the level 1.4636 target take profit at the level 1.4455 or at the level 1.4425
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pair- eur/cad
chart analysis time frame- m30
http://i62.tinypic.com/2vhsunc.jpg
the price is moving in the down trend channel pattern with having the resistance at 1.4600 level and support 1.4545. the rsi indicator is turn down side. we can make short entry with profit target at 1.4500 and stop loss at the 1.4625
good luck
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http://prntscr.com/4d2ovo
analysis for today 8 / 15 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4582
Retracement (50%) 1.4589
retracement (61,8%) 1.4595
Extensions (61.8%) 1.4529
Extensions (100.0%) 1.4509
Extensions (138.2%) 1.4489
Extensions (161.8%) 1.4476
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/4dwljp
analysis for today 8 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 8 / 15 / 2014
OPEN 1.4568
HIGH 1.4628
LOW 1.4550
CLOSED 1.4609
The third resistance (R3) 1.4628 -( 1.4596 - 1.4550 = 0.0046 x 2 = 0.0091 )= 1.4719
The second Resistance (R2) 1.4596 + 1.4628 - 1.4550 = 1.4674
First resistance (R1) 1.4596 x 2 = 2.9191 - 1.4550 = 1.4641
pivot points 1.4628 + 1.4550 + 1.4609 = 4.3787 / 3 = 1.4596
Support for the first (S1) 1.4596 x 2 = 2.9191 - 1.4628 = 1.4563
Support second (S2) 1.4596 -( 1.4628 - 1.4550 = 0.0078 ) = 1.4518
Third Support (S3) 1.4550 -( 1.4628 - 1.4596 = 0.0032 x 2 = 0.0065 )= 1.4485
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http://prntscr.com/4dxxgr
analysis for today 8 / 18 / 2014
EUR/CAD
Resistance : R1 1.4636 R2 1.4661 R3 1.4681 R4 1.4711
Support : S1 1.4542 S2 1.4517 S3 1.4497 S4 1.4467
Open : 1.4581
High : 1.4617
Low : 1.4561
Range : 56 Pips
Running Price : 1.4573
Strategy : SELL at the level 1.4573 stop loss at the level 1.4636 target take profit at the level 1.4497 or at the level 1.4467