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USDCAD confidently today broke through the sliding sineyu alligator, also managed to break a couple of long-term upper zone and fractals 0350, Stochastic again formed a buy signal + rate reached a new weekly high and did not even think to stop, today, the pair can be expected to overcome the 0400 figures, about the sale of now you can forget.
For USDCAD, i see this pair more look to bulls. today the attention can be given for the probably break up price to fib 1.0374. if that happen, yes buy is better then.
usd/cad today's evening time analysis basis of stochastic(5,3,3) and adx(14)
stoch(5,3,3)
main : 86.88
signal : 89.43
adx(14)
adx : 24.02
+di : 29.58
-di : 10.91
so we see the market
condition : ob
overall trend : bullish
timeframe : m15
Usd/cad technical analysis
date : 10.09.2013
time : 16:15 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 63.61
2) MACD (26,12,9)
value: -0.0006
3) ADX (14)
value: 25.41
4)CCI(14)
value: 54.65
overall trend - slightly bullish.
usd-cad is extended impulse wave up trend to going to 1.0419 and current rise semms to be over near 1.0371 or 1.0392 for a retracement towards 1.350 - 1.0338 area
level support and ressistances today
res2 1.0416
res1 1.0392
piovt 1.350
sup1 1.0326
sup2 1.0284
http://www11.0zz0.com/2013/10/09/17/203188163.png
the pair can break the resistance level to up way in chart 1h
stochastic refers to up way
so the pair will continue to up way
today i like to sell this pair @ 1.0396
my stop loss of the day @ 1.0418
half take profit for today @ 1.0376
and further half take profit @ 1.0363
the pair go back from fibo 0 to down way
stochastic refers to down way also
so the target is sell the pair to fibo 23
if the pair broke fibo 0 to up way we will cancel the down view
http://www5.0zz0.com/2013/10/09/23/626130160.png
usd/cad today's morning time analysis basis of stochastic(5,3,3) and adx(14)
stoch(5,3,3)
main : 58.33
signal : 56.62
adx(14)
adx : 31.67
+di : 11.89
-di : 4.25
so we see the market
condition : neutral
overall trend : ranging
timeframe : m15
Usd/cad technical analysis
date : 10.10.2013
time : 02:30 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 78.28
2) MACD (26,12,9)
value: -0.0005
3) ADX (14)
value: 25.65
4)CCI(14)
value: 197.32
overall trend - slightly bullish.