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USD / CAD chart below shows, RSI index in the 50 line is low, technical index of MACD (12, 26, 9) signal line and the main line to the 0 axis, the short term, the USD / CAD or will continue to decline. USD / CAD current support at 1.0925, stronger support in 1.0898, above the resistance at 1.1012, stronger resistance in 1.1040.
analysis for today 4 / 7 / 2014
USD/CAD
Resistance : R1 1.1041 R2 1.1066 R3 1.1086 R4 1.1116
Support : S1 1.0908 S2 1.0883 S3 1.0863 S4 1.0833
Open : 1.0977
High : 1.0983
Low : 1.0966
Range : 17 Pips
Running Price : 1.0972
Strategy : SELL at the level 1.0972 stop loss at the level 1.1041 target take profit at the level 1.0863 or at the level 1.0833
USDCAD moved in a bearish movement on the last Friday and had broken the support level at 1.1004. Then, because of that movement, I think this pair still in bearish condition and has a possibility to continue falling today. I think this pair will be possible to reach 1.0956 support level again and break it to fall deeper and reach the next support level at 1.0913.
USD/CAD
analysis for today 4 / 7 / 2014
Resistance 3 1,1096
Resistance 2 1,1066
Resistance 1 1,1046
Pivot Point 1,0977
Support 1 1,0903
Support 2 1,0883
Support 3 1,0853
BUY STOP 1,1046 STOP LOSS 1,0903 TAKE PROFIT 1,1066
SELL STOP 1,0903 STOP LOSS 1,1046 TAKE PROFIT 1,0883
Graphics technology exchange rate fell to 1.1000 after declines slowed, the current price at around 1.0975, then fell to 0 below the MACD axis, drop kinetic energy column continues to expand, short-term trend is still weak, below the 100 day moving average support, if it fell below the downside targets about 1.0900, operation days waiting for the rebound to near 1.1000 short, stop loss 1.1035.
analysis for today 4 / 8 / 2014
USD/CAD
Resistance : R1 1.1040 R2 1.1065 R3 1.1085 R4 1.1115
Support : S1 1.0902 S2 1.0877 S3 1.0857 S4 1.0827
Open : 1.0972
High : 1.0977
Low : 1.0965
Range : 12 Pips
Running Price : 1.0973
Strategy : SELL at the level 1.0973 stop loss at the level 1.1040 target take profit at the level 1.0857 or at the level 1.0827
USD / CAD chart to break through 1.1020 supporting role, there was a further range down. From the map hour trend, USD / CAD last Friday directly through the narrowed since March 28th interval along the 1.10 supporting role, the continuation of the previous decline. The short-term support around the 1.0955 innovative low low low adjustment, it is expected that after short-term adjustment trend continuation. Short-term rebound in the course of resistance in 1.1010,1.1030.
USDCAD has been rejected by the resistance level at 1.1004. Because of that I think USDCAD still in bearish movement as the main trend now. I think this pair will be possible to break 1.0956 support level and if it happen, USDCAD may falls to the next support level at around 1.0913
MACD (12, 26, 9) the main line and the signal line in shaft running below zero, the relative strength index RSI is located below the 50 equilibrium position. 30 minutes from the map view, dollar over the top pressure, pressure 1.1000-1.1045, below the support focus on 1.0960-1.0935.
Days: sell high
USD/CAD
analysis for today 4 / 8 / 2014
Resistance 3 1,1095
Resistance 2 1,1065
Resistance 1 1,1045
Pivot Point 1,0972
Support 1 1,0897
Support 2 1,0877
Support 3 1,0847
BUY STOP 1,1045 STOP LOSS 1,0897 TAKE PROFIT 1,1065
SELL STOP 1,0897 STOP LOSS 1,1045 TAKE PROFIT 1,0877