I think that breaking the support level at 1.4047 will give us a good opportunity to get in short position.
http://i.imgur.com/pJe7C6I.png
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I think that breaking the support level at 1.4047 will give us a good opportunity to get in short position.
http://i.imgur.com/pJe7C6I.png
On our EURCAD pair today we can see that the price is taking a downward direction and that’s due to the red dots above the candles if the price kept its position lower than the strong resistance 1.4221 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 1.4043 .
On the other hand if the price penetrated the resistance at the level 1.4221 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 1.4305 of the next Pivot level.
http://bigimage.cz/photos/20141123141677808154038.gif .
pair- eur/cad
analysis time frame- m15
http://i61.tinypic.com/2149gll.jpg
the price is making correction from the support at 1.3880 level and moving up side. the rsi is also at the resistance level side 1.3970 level and may again rejecting down. hold the short entry with profit target at 1.3821 level and stop loss at 1.4000
good luck.
On our EURCAD pair today we can see that the price is taking a upward direction and that’s due to the blue dots below the candles if the price kept its position higher than the strong support 1.3788 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 1.4149 .
On the other hand if the price penetrated the support at the level 1.3788 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 1.3665 of the next Pivot level.
http://bigimage.cz/photos/20141124141686322955304.gif .
pair- eur/cad
analysis time frame- m15
http://i62.tinypic.com/23gzrmb.jpg
the rsi indicator is hit the level 30 and moving out side. in the price chart its down movement is may hold at the daily pivot point. the price is also having long signal with parabolic sar. long with take profit at 1.4080 and stop loss at the 1.3963
good luck.
This is my view on eurcad, I bought it with projected target. See the pic http://postimg.org/image/3of1z2tq1/
I think this pair will fire up soon very up.
EUR/CAD bounce back from 1.38862, marginally over the Fibonacci half backing on 2012-2014 rally (1.38577). The 3-month 25-delta hazard inversions stand at -23 bps, flagging the slight business sector predisposition to EUR/CAD puts. The concerns on sliding oil ought to conquer the QE pricings in the EZ and keep the cross offer over 1.38862/1.40000 zone.
On our EURCAD pair today we can see that the price is taking a downward direction and that’s due to the red dots above the candles if the price kept its position lower than the strong resistance 1.4149 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 1.3788 .
On the other hand if the price penetrated the resistance at the level 1.4149 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 1.4387 of the next Pivot level.
http://bigimage.cz/photos/20141125141695247150859.gif .
http://prntscr.com/5a89vv
analysis for today 11 / 26 / 2014
EUR/CAD
Resistance : R1 1.4111 R2 1.4136 R3 1.4156 R4 1.4186
Support : S1 1.3983 S2 1.3958 S3 1.3938 S4 1.3908
Open : 1.4045
High : 1.4058
Low : 1.4036
Range : 0.0022 Pips
Running Price : 1.4046
Strategy : BUY at the level 1.4046 stop loss at the level 1.3983 target take profit at the level 1.4156 or at the level 1.4186
I think that the price will fall down from the resistance level at 1.4056 that's why we can get in short position.
http://i.imgur.com/WZJl0jB.png