Technical analysis 11 may 2012
USD/CAD had retraced up from yesterday lowest price (0.9976) .Now price is try to break dayly ressistance 1 level (1.0041).Ma 16 that had crossed up ma 96 confirmation price may up again but all of time frime signal in stochastic (5,3,3) still in overbought area so the price may be down first before up again.
Below trend analysis today with ma system:
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= up
ma 480 as long term trend indicator = up
So the trend is up strong.
Technical analysis 14 mei 2012
1. Trend analysis today with sma system:
sma 16 as short term trend indicator = up
sma 96 as medium term trend indicator = sideways
sma 480 as long term trend indicator = up
So the trend is up short term.
2. Pivot,ressistance and support level this day:
p: 1.0004
r1: 1.0055
r2: 1.0104
r3: 1.0155
s1: 0.9955
s2: 0.9904
s3: 0.9855