Eur/Cad

the Canadian dollar is also known, was higher against the euro, with EUR/CAD down 0.23% to 1.2749.

Later Monday, the Institute of Supply Management was to publish data on U.S. service sector activity.

eur/cad technical analysis by using : average directional movement index

adx : 15.1049
+di : 9.1103
-di : 13.0818
timeframe : 1 hour

time : 1900
date : 05.11.2012

Elliott: extension wave down 1.2693
It may meet resistance in 1.2750 - 1.2752 zone for a drift down to 1.2724 zone, after which bounce to 1.2778 is anticipated.
Technical points
Key point 1.2698
Entry point 1.2709
Elliott 1.3023
Closing 1.2750
Projection 1.2735
Trendline 1.2784
Trendline 1.2654
Supports / Resistances
Res 2 1.2806
Ex-High 1.2780
Res 1 1.2778
Pivot 1.2752
Sup 1 1.2724
Ex-Low 1.2727
Sup 2 1.2699

EUR/CAD move in sideways pattern after fell down from opening level. Price still get pressure since yesterday. price doesnt able to retrace up until now, and have no chance to up because of following downward medium term. Only stochastic signal in tf h4 that give a chance signal for price because it is shown in oversold area.

Eur/cad technical analysis for 07.11.2012 by using : Auto pivot indicator.

resistance 3:1.2805
resistance 2:1.2780
resistance 1:1.2747

pivot point :1.2722

support 1:1.2689
support 2:1.2664
support 3:1.2631

Elliott: extension wave down 1.2693
Warning: Imminent end of bearish move
Technical points
Key point 1.2702
Entry point 1.2686
Elliott 1.3023
Closing 1.2714
Projection 1.2625
Trendline 1.2704
Trendline 1.2732
Supports / Resistances
Res 2 1.2780
Ex-High 1.2756
Res 1 1.2747
Pivot 1.2723
Sup 1 1.2689
Ex-Low 1.2698
Sup 2 1.2665

EUR/CAD can not afford to keep up position that started in asian market session ago. price fell down from 1.2746 and now it is go down to daily support 2 level (1.2667). Price also has break down monthly support 1 (1.2680) and weekly support 1 (1.2674). Price may down again if there is not positif sentiment.

Sell $EURCAD at 1.2745 stop 1.2785 targets 1.27 and 1.265.

Eur/cad technical analysis for 14.11.2012 by using : Auto pivot indicator.

resistance 3:1.2833
resistance 2:1.2789
resistance 1:1.2760

pivot point :1.2716

support 1:1.2687
support 2:1.2643
support 3:1.2614

Elliott: irregular flat correction up 1.2798
It looks set for gains to 1.2760. Supports at 1.2702 and 1.2688. A break of 1.2644 will damage this bullish structure.
Warning: Engulfing pattern
Technical points
Key point 1.2753
Entry point 1.2713
Elliott 1.2673
Closing 1.2731
Projection 1.2774
Trendline 1.2713
Trendline 1.2713
Supports / Resistances
Res 2 1.2788
Ex-High 1.2745
Res 1 1.2760
Pivot 1.2716
Sup 1 1.2688
Ex-Low 1.2673
Sup 2 1.2644