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USDCAD we predict its movement is still volatile next week but the increase will be maintained with the support of 1.0693. The larger rally from 1.0625 could extend higher towards 1.0728 retracement level of the long-term. But once again, we would expect strong resistance from there to finish the rally from 1.0637 and bring reversal to bullish.
http://s30.postimg.org/pthokwold/screenshot_451.png
you see up trend is still intact in a triangle configurtaion it should continue to rally to 1.0726 or 1.0743 if support around 1.0681 hold after which a pullback to 1.0681 - 1.0662 zone is possible
support and resistances
res2 1.0780
res1 1.0743
sup2 1.0582
sup1 1.0644
elliott wave elongated flat correction up 1.0780 currently uptrend should end around 1.0712 - 1.0755 area acorrection down to below 1.0618 is expected a rise above 1.0806 will abort the expected correction
support and resistances
res2 1.0806
res1 1.0755
sup2 1.0532
sup1 1.0618
http://charts.mql5.com/3/451/usdcad-...ex-group-2.png
Pivot point classic (12,31,13)
r3=1.0654
r2=1.0652
r1=1.0648
pp=1.0646
s1=1.0642
s2=1.0640
s3=1.0636
---------- Post added at 10:39 AM ---------- Previous post was at 09:59 AM ----------
Pivot point camarilla(12/31/13)=
r4=1.0697
r3=1.0671
r2=1.0663
r1=1.0654
pp=1.0670
s1=1.0638
s2=1.0629
s3=1.0621
s4=1.0595
Im trying to analize using oscilator indi.. its clearly seen after the rejection at the double top the USD is seen weak for the moment..
but i think its just a fake reversal..seek for LONG this pair..and the target at the 1.0725
http://s28.postimg.org/lzhzkl9jx/screenshot_7.png
USD/CAD
analysis for today 12 / 31 / 2013
Resistance 3 1.0768
Resistance 2 1.0738
Resistance 1 1.0718
Pivot Point 1.0647
Support 1 1.0576
Support 2 1.0556
Support 3 1.0526
SELL 1.0576 STOP LOSS 1.0718 TAKE PROFIT 1.0556 OR 1.0526
elliott wave flat done trend 1.0582 while above 1.0643 - 1.0614 zone a corrective upmove could test 1.0688 or 1.0706 after which it should resume it is down trend
support and resistancs
res2 1.0762
res1 1.0706
sup2 1.0580
sup1 1.0614
Attachment 10007
USDCAD
TIME FRAME H1
Exponential MA "18" : BULLISH
Exponential MA "28" : NEUTRAL
Exponential MA "50" : BEARISH
Parabolic SAR "0.05/0.2" : BULLISH
MACD "30/60/30" : BEARISH
TREND: BEARISH
analysis for today 1 / 2 / 2014
USD/CAD
Resistance : R1 1,0663 R2 1,0688 R3 1,0708 R4 1,0738
Support : S1 1,0586 S2 1,0561 S3 1,0541 S4 1,0511
Open : 1,0631
High : 1,0661
Low : 1,0588
Range : 73 Pips
Running Price : 1,0598
Strategy : SELL at the level 1,0598 stop loss at the level 1,0663 target take profit at the level 1,0541 or at the level 1,0511
---------- Post added 01-03-2014 at 09:11 AM ---------- Previous post was 01-02-2014 at 10:12 PM ----------
analysis for today 1 / 3 / 2014
USD/CAD
Resistance : R1 1.0737 R2 1.0762 R3 1.0782 R4 1.0812
Support : S1 1.0596 S2 1.0571 S3 1.0551 S4 1.0521
Open : 1.0670
High : 1.0671
Low : 1.0662
Range : 9 Pips
Running Price : 1.0667
Strategy : SELL at the level 1.0667 stop loss at the level 1.0737 target take profit at the level 1.0551 or at the level 1.0521
Attachment 10024
TECHNICAL ANALYSIS
USDCAD
TIME FRAME H1
Exponential MA "18" : BULLISH
Exponential MA "28" : BULLISH
Exponential MA "50" : BULLISH
Parabolic SAR "0.05/0.2" : BULLISH
MACD "30/60/30" : BEARISH
TREND: BEARISH