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Now the pair came close to mid-sloping support (point of tangency 0385), as seen in bulls do not even have the strength to walk to the local maximum of about 0420 and 0410 have already begun to bear its pressure, so most likely we will see the development of the South is a script and a break lower fractal 0380 - that will target levels 0330 and 0300.
Usd/cad analysis for 10.11.2013 by using pivot indicator.
r3: 1.0470
r2: 1.0446
r1: 1.0422
pivot: 1.0398
s1: 1.0374
s2: 1.0350
s3: 1.0326
Usd/cad technical analysis
date : 10.11.2013
time : 13:15 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 44.04
2) MACD (26,12,9)
value: 0.0002
3) ADX (14)
value: 18,65
4)CCI(14)
value: -68.76
overall trend - strongly bearish.
today i like to buy this pair @ 1.0373
my stop loss of the day @ 1.0360
half take profit for today @ 1.0390
and further half take profit @ 1.0410
Usd/cad technical analysis
date : 10.11.2013
time : 17:15 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 44.00
2) MACD (26,12,9)
value: 0.0002
3) ADX (14)
value: 13.73
4)CCI(14)
value: -62.50
overall trend - strongly bearish.
usd/cad today's evening time analysis basis of stochastic(5,3,3) and adx(14)
stoch(5,3,3)
main : 17.81
signal : 11.96
adx(14)
adx : 45.14
+di : 5.17
-di : 25.81
so we see the market
condition : os
overall trend : bearish
timeframe : m15
Usd/cad
The daily chart is still up rebound trend, Friday has bigger adjustment, short-term still buying bargain, I choose 1.0340 near buy next week, only the surplus in the 1.0410, 30 stop loss point.
Very good position for the pair USD / CAD...posle breakdown level went well on top and now the price fixed above 1.0340 support and I think that in the coming days, all the traffic will be within a range of 1.0340 and 1.0420 and a possible exit above 1.0420 ...
On Chart UsdCad seen that at the close of market on Friday yesterday at position 1.0283
and is in support resistance
(R3 = 1.0455)
(R2 = 1.043)
(R1 = 1.0407)
(Pivots = 1.0382)
(S1 = 1.0359)
(S2 = 1.0334)
(S3 = 1.0311)
than that at times during the week today market trend always goes BEARISH
so I can be sure that tomorrow the movement so that the market is still TREND UP
I recommend SELL open position at the market open tomorrow Monday
on the pairs usd/cad I observed from chart that's the time frame on M5, M15, M30, H1, H4, M1, and D1 outline leads to more bearish condition, and the Bollinger Bands indicator is also break low that leads me to Monday tomorrow I can recommend you to order SELL with SL=1.0257 and TP=1.0197