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the pair price already touched daily resistance 1 level 1.0660
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 1.0605
so sell now from 1.0639
the pivot point will be my target
stop loss will be above the resistance 1 level 1.0660
http://s30.postimg.org/lwp6xkkn5/screenshot_136.png
USDCAD will try to test ride past the pivot point towards the 1.0654 resistance zone could break to observe the movement of the market, but is likely to fall back to a level of 1.0610-1.0603 very large if the lack of support.
Fibonacci pivot point
Pair = USDCAD
Resistance 3 = 1.0683
Resistance 2 = 1.0667
Resistance 1 = 1.0657
Pivot Point = 1.0640
Support 1 = 1.0624
Support 2 = 1.0614
Support 3 = 1.0597
Result this day Tuesday, December 10, 2013
fibo lines today 10-DEC 2013
fibo 100% = 1.05848 & fibo 61% = 1.06055
fibo 50% = 1.06120 & fibo 38% = 1.06184
fibo 23% = 1.06263
target buy to 1.06936
target sell to 1.05700
http://www7.0zz0.com/2013/12/10/10/537015701.png
USD/CAD is very close to the support of 1.0622 which we had indicated yesterday. However we expect a failure of that support. The outlook remains same as yesterday that a failure of 1.0622 support should find a strong support in the range of 1.0580 to 1.0590. With these supports holding, any break above 1.0666 should target 1.0700 or more.
USD/CAD
analysis for today 12 / 10 / 2013
Resistance 3 1.0756
Resistance 2 1.0726
Resistance 1 1.0706
Pivot Point 1.0626
Support 1 1.0565
Support 2 1.0545
Support 3 1.0515
BUY 1.0706 STOP LOSS 1.0565 TAKE PROFIT 1.0726 OR 1.0756
Date: 10-12-2013
indicators today : up
if price break up :1.0617
the pair will go to :1.0705
and then go to level :1.0590
According to the USD/CAD D1 chart indicators show a decline,but stochastics turned up at the H1 - buy signals. In the short term, expect growth of pair attempt to update the maximum 1.0669 and possibly 1.0700 high. If the price level under the MA55 (1.0623) on the H4, a further decline may continue to MA21 (1.0568) on D1.
Price can go upto zero.9715 then reclaim is feasible as line is there, in H4 it fashioned head ans shoulder pattern thats why it faling zero.9855 level, currently once hit the mentioned target raises is expecting.
Pair = USDCAD
Camarilla pivot point
R4 = 1.0650
R3 = 1.0638
R2 = 1.0634
R1 = 1.0630
S1 = 1.0622
S2 = 1.0618
S3 = 1.0614
S4 = 1.0602
Tuesday, December 10, 2013