Translating other forum member post is violation to the rules copy paste! How this one cheat by copied my post https://indo.mt5.com/showthread.php?...-Part-2/page44
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Translating other forum member post is violation to the rules copy paste! How this one cheat by copied my post https://indo.mt5.com/showthread.php?...-Part-2/page44
USDCAD today opened above the pivot level , the pair is likely to be strengthened to 1.04160 to 1.04390 , but if the price managed to close below the pivot level , the pair may fall to as low as 1.0362 to 1.0331
analysis for today 10 / 10 / 2013
My daily trading,I hope the day is a success ...
USD/CAD (Daily Trade)
Resistance : R1 1.0467 R2 1.0492 R3 1.0512 R4 1.0542
Support : S1 1.0346 S2 1.0321 S3 1.0301 S4 1.0271
Open : 1.0394
High : 1.0421
Low : 1.0392
Range : 29 Pips
Running Price : 1.0410
For intraday trade today suggest BUY at the level 1.0410 stop loss at the level 1.0346 target take profit at the level 1.0512 or at the level 1.0542
Of observations by the method of technical analysis I have seen of the currency pairs Usd/Cad and indicators that I use is the Bollinger Bands and fibbo on market time at 07:33.
It is seen that the position of the forex market are on point 1.0411 and there is support and resistance on the
- R3 : 1.0472
- R2 : 1.044
- R1 : 1.0418
- Pivots : 1.0386
- S1 : 1.0364
- S2 : 1.0332
- S3 : 1.031
besides Stochastic indicator shows the position of point 80 so that then I highly recommend you to open position SELL with
Take Profit is equal to 1.0381 as well as Stop Loss at point 1.0441
so that the target pips for today I think is at 70 pips
Fibonacci calculations point today 2013.10.10
Pair = USDCAD
Time = Dayly
R3 = 1.0438
R2 = 1.0417
R1 = 1.0404
P = 1.0384
S1 = 1.0363
S2 = 1.0350
S3 = 1.0330
hi
in today chart
chart(5)min = down
chart(15)min = up
chart(30)min = down
chart(1)h = up
chart(4)h = up
chart(daily) = up
so today is storng down bay from 1.0420 very good
the market time at 10:52 on currency pairs USDCAD I have predicted that there is a signal SELL in the time frame M30
because I was referring to the indicator fibbonaci and pivot indicator to see support and resistance at R3=1.0471, R2=1.0439, R1=1.0417, Pivots=1.0385, S1=1.0363, S2=1.0331, S3=1.0309
also I used MACD indicator is trend down so I suggest to perform the requisite order SELL to
Take Profit 1.038 and Stop Loss 1.042
a target is likely to move by 50 pips
USD / CAD chart in shock interval internal since July 5th in the rhythm section to run, the dollar / Canadian dollar's recent rise to continuous process is very good, is conducive to the further development of the recent range rise. From the map hour trend, USD / CAD has continued to rise since October 8th, USD / CAD 1.0405 in early Asian trading price near some consolidation after the continuation of the short-term gains, USD / CAD short-term support at 1.0380, the formation of a breakthrough before the short-term price rise trend. Short term support resistance of 1.0440,1.0500 1.0380,1.0365.
time chart = 15 min
RSI14= bay
MACD =sell
A D X=bay
CCI14=sell
stoch= bay
obv = bay
so i will bay now
take profit 90 . stop loss 80 pips
good luck
On pairs UsdCad has my analysis on the current market position at point 1.0395 and timeframes H1.
I use indicator Stochastic Oscillator then it will be the value at point Trend Down so that more directed at the SELL
if data from calculation from Yesterday High of 1.0408 and Yesterday Low of 1.0354 then pivot on 1.0386
so I recommend you to SELL to take profit on 1.0374 and stop loss at 1.0418. Good luck and hopefully profit.