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pair-eur/cad
analysis time frame- m30
http://i57.tinypic.com/2h6hz0k.jpg
the down movement of the price is hold at the 1.4065 level and moving up with breaking resistance at 1.4105 level. the price is rejecting down from the higher resistance at 1.4160 level with parabolic short signal. down movement can expected to the 1.4085 level. short with stop loss at 1.4180
good luck
The price hits the higher level of donchin channel on the EURCAD chart to perform a probably of bearish trend start by today As you can see the price is actually moving at bullish trend because of the up channel for today About the Awesome oscillator there are a bearish sign by having a red colored bars located above the 0 th level A quick look to the stostatic can inform you by a sell signal as the price near the level of 80 and there is a bearish cross between the two lines As a result of the previous signals I can bet on the bearish side by taking a sell trades wishing that the price reach the low edge of Donchin level which can be used as a good area for closing sell trades in profit http://bigimage.cz/photos/20141008141273322187753.gif
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analysis for today 10 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 10 / 7 / 2014
OPEN 1.4085
HIGH 1.4159
LOW 1.4053
CLOSED 1.4155
The third resistance (R3) 1.4159 -( 1.4122 - 1.4053 = 0.0069 x 2 = 0.0139 )= 1.4298
The second Resistance (R2) 1.4122 + 1.4159 - 1.4053 = 1.4228
First resistance (R1) 1.4122 x 2 = 2.8245 - 1.4053 = 1.4192
pivot points 1.4159 + 1.4053 + 1.4155 = 4.2367 / 3 = 1.4122
Support for the first (S1) 1.4122 x 2 = 2.8245 - 1.4159 = 1.4086
Support second (S2) 1.4122 -( 1.4159 - 1.4053 = 0.0106 ) = 1.4016
Third Support (S3) 1.4053 -( 1.4159 - 1.4122 = 0.0037 x 2 = 0.0073 )= 1.3980
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analysis for today 10 / 8 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4093
Retracement (50%) 1.4106
retracement (61,8%) 1.4119
Extensions (61.8%) 1.3987
Extensions (100.0%) 1.3947
Extensions (138.2%) 1.3907
Extensions (161.8%) 1.3881
calculation based on a Fibonacci retracement then today I choose sell
on the EURCAD one hour chart you can see a green arrow which indicates a bullish trend for now which has a top supporting it at 1.4055 also it can be used as a strong support as the price shouldn't go above it the trend still as a bullish trend.
And the dots of the parabolic sar indicator located below the candles and that sign for the price to go down In case of there are buying trades are taking place then i think that the 1.4155 is a good place to close a part from your opening trades because the price has a good chance to go down after hitting it http://bigimage.cz/photos/20141009141281671159541.gif .
We can see that the price of the EURCAD chart we can see that the price is moving below the EMA indicator wave to make a bearish direction during the day Also the RSI indicator shows a sell signal which shows by the line going below the center line of 35 This can be combined with the data from the Macd indicator that is shown by the green lines that going down to indicate that the market bears are dominating on the market for now I think that you should think in going for bears until another buy signals appears on the chart by getting the price above the wave of the EMA indicators.
http://bigimage.cz/photos/20141009141282320129568.gif .
According to the analysis made upon the EURCAD chart today I do notice that a strong bearish trend is taking place based on the oscillator which is now at 0.0017 area located below the balance level while at the same time the indicator is giving us a red signal which makes a strong indication that a bearish direction is taking place on the short term. The moving average 5 on the chart giving us a down slope the top located at the price 1.413 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using. http://bigimage.cz/photos/20141009141282490752455.gif
The momentum indicator shows a clear cross on the EURCAD chart when the blue line heads below the red line to construct a very good selling signal for now On the Oracle Strength indicator a red color is shown and it is an indication for the bearish direction for the EURCAD pair.
The red color of the arrows can be a confirmation for the downward direction at the Oracle direction indicator.
As a result of the previous indicators the Bearish trend would be appeared as the sell cross of the momentum indicator appears on the chart and the sell trades advised to be taken as the ATR indicator still showing a sell signals.
http://bigimage.cz/photos/20141009141282826259466.gif .
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analysis for today 10 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCAD on the date 10 / 8 / 2014
OPEN 1.4156
HIGH 1.4205
LOW 1.4112
CLOSED 1.4143
The third resistance (R3) 1.4205 -( 1.4153 - 1.4112 = 0.0041 x 2 = 0.0083 )= 1.4288
The second Resistance (R2) 1.4153 + 1.4205 - 1.4112 = 1.4246
First resistance (R1) 1.4153 x 2 = 2.8307 - 1.4112 = 1.4195
pivot points 1.4205 + 1.4112 + 1.4143 = 4.2460 / 3 = 1.4153
Support for the first (S1) 1.4153 x 2 = 2.8307 - 1.4205 = 1.4102
Support second (S2) 1.4153 -( 1.4205 - 1.4112 = 0.0093 ) = 1.4060
Third Support (S3) 1.4112 -( 1.4205 - 1.4153 = 0.0052 x 2 = 0.0103 )= 1.4009
pair- eur/cad
analysis time frame- m30
http://i60.tinypic.com/iz52cn.jpg
the price is making head and shoulder chart pattern with the upper resistance at 1.4200 and the nick line of support at 1.4140 level. if this is break supporting trend line then down movement can see to the 1.4060 level. short with stop loss at 1.4170
good luck