BULLISH still take their mood as majority trend..its also clearly seen in H4 timeframe..
wait some correction using fibonanci retracement and looking to LONG in this pair..
http://s28.postimg.org/geu5s7kpp/screenshot_53.png
Printable View
BULLISH still take their mood as majority trend..its also clearly seen in H4 timeframe..
wait some correction using fibonanci retracement and looking to LONG in this pair..
http://s28.postimg.org/geu5s7kpp/screenshot_53.png
pair- usd/cad
chart analysis time frame- M30
http://i41.tinypic.com/2h7qa08.jpg
the down movement is hold at the 1.0913 price level and making up movement but it is not able to hith the last resistance at the 1.0987 and start to falling from the 1.0973. the price is also break the supporting trend line and the pivot point also. here we can see a pull back setup from the 1.0956 level. if the price break 1.0930 short with take profit at 1.0910
good luck.
http://s30.postimg.org/y4qgpg329/screenshot_488.png
USDCAD lost some upside momentum after hitting near the short-term channel resistance. A temporary top is formed at 1.0961 and intraday bias is turned neutral for some consolidation first. Focus is back on 1.0988 resistance support. Break will indicate that the pair has failed to sustain the long-term rate of 1.0913 and will turn outlook bearish for 1.0888 support and below. However, above 1.0898 again should now show a strong upward momentum for the next key resistance around 1.0998.
http://s30.postimg.org/y4qgpg329/screenshot_488.png
USDCAD lost some upside momentum after hitting near the short-term channel resistance. A temporary top is formed at 1.0961 and intraday bias is turned neutral for some consolidation first. Focus is back on 1.0988 resistance support. Break will indicate that the pair has failed to sustain the long-term rate of 1.0913 and will turn outlook bearish for 1.0888 support and below. However, above 1.0898 again should now show a strong upward momentum for the next key resistance around 1.0998.
http://s30.postimg.org/i7rosqao1/screenshot_489.png
USDCAD lost some upside momentum after hitting near the short-term channel resistance. A temporary top is formed at 1.0961 and intraday bias is turned neutral for some consolidation first. Focus is back on 1.0988 resistance support. Break will indicate that the pair has failed to sustain the long-term rate of 1.0913 and will turn outlook bearish for 1.0888 support and below. However, above 1.0898 again should now show a strong upward momentum for the next key resistance around 1.0998.
http://s30.postimg.org/i7rosqao1/screenshot_489.png
USDCAD lost some upside momentum after hitting near the short-term channel resistance. A temporary top is formed at 1.0961 and intraday bias is turned neutral for some consolidation first. Focus is back on 1.0988 resistance support. Break will indicate that the pair has failed to sustain the long-term rate of 1.0913 and will turn outlook bearish for 1.0888 support and below. However, above 1.0898 again should now show a strong upward momentum for the next key resistance around 1.0998.
http://s30.postimg.org/omqppehdt/screenshot_490.png
USDCAD lost some upside momentum after hitting near the short-term channel resistance. A temporary top is formed at 1.0961 and intraday bias is turned neutral for some consolidation first. Focus is back on 1.0988 resistance support. Break will indicate that the pair has failed to sustain the long-term rate of 1.0913 and will turn outlook bearish for 1.0888 support and below. However, above 1.0898 again should now show a strong upward momentum for the next key resistance around 1.0998.
i think so the current trend down movements 0.9700 agar isne price break kiya 0.9770
toh definatly mere hisab se yeh upward movemnet mai jayega aroung 0.9820..
analysis for today 1 / 21 / 2014
USD/CAD
Resistance : R1 1.1017 R2 1.1042 R3 1.1062 R4 1.1092
Support : S1 1.0890 S2 1.0865 S3 1.0845 S4 1.0815
Open : 1.0947
High : 1.0965
Low : 1.0942
Range : 23 Pips
Running Price : 1.0953
Strategy : BUY at the level 1.0953 stop loss at the level 1.0890 target take profit at the level 1.1062 or at the level 1.1092
USD / CAD is still bullish trying to make a new high in the last 20 years ..
nearest target Fibonacci level at 1.1083 161.8
will be whether USD / CAD continued to dominate trend up?
buy area: Fibonacci level 100 (1.0990), or when the price failed to break the channel line-up (channel support) :(
[]http://my.jetscreenshot.com/demo/m_2...dxmx-152kb.jpg[/]