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pair- usd/cad
chart analysis time frame- h1
http://i41.tinypic.com/1444bhs.jpg
the price can see in the strong down trend direction. its hold at the 1.0580 and making some correction but not able to break the fibo 38.2 level. it is rejecting up movement and falling. short this pair with the take profit at zero level fibo 1.0575 and stop loss at the 1.0640
good luck
USD/CAD Technical Analysis
Timeframe: 4H
Supports: 1.0506, 1.0532, 1.0558
Pivot: 1.0633
Resistance: 1.0633, 1.0659, 1.0686
Trend Index: Slightly Bullish
Now the pair USD / CAD is very bad then look to the north side we see that the price has drawn very decent waves in the north and at least one higher than the previous and now there is no retreat from what sloping trend line ... so that the first objective for growth it will be the former maximum ... 1.0730 ..
Pivot points classic
r3=1.0724
r2=1.0689
r1=1.0652
pp=1.0617
s1=1.0580
s2=1.0545
s3=1.0508
U.S. dollar/Canadian dollar: in 1.0660-1.0600 range cast high low suck (first fall in place to buy, first rise in place to sell), effectively break a 30 stop-loss point.
i want to sell usd/cad from @ 1.0655
my stop loss of today @ 1.0699
short take profit for today will @ 1.0638
and long take profit@ 1.0600
good luck
http://charts.mql5.com/3/430/usdcadr...rectdealer.png
Fibonacci pivot point result dayly
Pair = USDCAD
Resistance 3 = 1.0671
Resistance 2 = 1.0658
Resistance 1 = 1.0650
Pivot Point = 1.0637
Support 1 = 1.0624
Support 2 = 1.0616
Support 3 = 1.0603
Friday, December 27, 2013
This calculation is only for reference, may be useful for the reader. thank you for your attention.
Daily prediction results using Fibonacci pivot point.
if buy at = 1.0629, Take Profit = 1.0663, Stop Loss = 1.0611
If sell at = 1.0645, Take Profit = 1.0611, Stop Loss = 1.0663
Hopefully useful and fortunate.
The USDCAD on move bulls - and let's buy if the price then can move up to above line fib 1.0650 then. as we see last candle also support bulls till now.
elliott wave correction up trend 1.0798 uptrend is still intact in a triangle configuration it should continue to rally to 1.0662 or 1.0660 if support around 1.0638 hold after which a pullback to 1.0638 - 1.0632 zone is possible
support and resistances
res2 1.0671
res1 1.0660
sup2 1.0605
sup1 1.0626
http://charts.mql5.com/3/438/usdcad-...ex-group-2.png
After a parabolic curvature see that a very good shot that took the pair USD / CAD, but there is a very strong resistance level of 1.0725 and it is not clear whether it immediately pass the pair ... I think that may be first touch and then about a small pullback to the inclined trend line ... most likely I will prepare to buy on a pullback ..