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pair- usd/cad
chart analysis time frame- m15
http://i57.tinypic.com/6z6jgg.jpg
the macd indicator is giving us up trend signal and in the price chart its also up from the support at 1.0835 level. the price may be not able to break resistance and again falling down side. we can make short entry with take profit at 1.0815 and stop loss at 1.0860
good luck.
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analysis for today 5 / 28 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0850
Retracement (50%) 1.0855
retracement (61,8%) 1.0859
Extensions (61.8%) 1.0811
Extensions (100.0%) 1.0796
Extensions (138.2%) 1.0781
Extensions (161.8%) 1.0772
calculation based on a Fibonacci retracement then today I choose sell
pair- usd/cad
chart analysis time frame- m15
http://i57.tinypic.com/m8k8lv.jpg
the stoch indicator is showing overbought and in the price chart down movement is hold at the fibo support 78.6 at the 1.0842 level. the price again down trend side if this break support then make short entry with take profit at the 1.0830 level stop loss at the 1.0865
good luck.
With the market heading Up Today 5/29/2014 for the pair USDCAD the closest resistance level that I can see would be 1.0885
so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 1.0867 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick .
http://uploadyourimages.org/upload/s...66fe26526e.JPG
http://prntscr.com/3nls5v
analysis for today 5 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 28 / 2014
OPEN 1.0858
HIGH 1.0886
LOW 1.0843
CLOSED 1.0875
The third resistance (R3) 1.0886 -( 1.0868 - 1.0843 = 0.0025 x 2 = 0.0050 )= 1.0936
The second Resistance (R2) 1.0868 + 1.0886 - 1.0843 = 1.0911
First resistance (R1) 1.0868 x 2 = 2.1736 - 1.0843 = 1.0893
pivot points 1.0886 + 1.0843 + 1.0875 = 3.2604 / 3 = 1.0868
Support for the first (S1) 1.0868 x 2 = 2.1736 - 1.0886 = 1.0850
Support second (S2) 1.0868 -( 1.0886 - 1.0843 = 0.0043 ) = 1.0825
Third Support (S3) 1.0843 -( 1.0886 - 1.0868 = 0.0018 x 2 = 0.0036 )= 1.0807
pair- usd/cad
chart analysis time frame- m15
http://i59.tinypic.com/2nhluaa.jpg
the price is moving down side and falling the fibo level 61.8 level at the price 1.0855 level and moving up side with breaking the resistance trend line. the macd indicator is giving down trend signal and stoch is also at the oversold level. long with take profit 1.0880
good luck.
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analysis for today 5 / 29 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0859
Retracement (50%) 1.0865
retracement (61,8%) 1.0870
Extensions (61.8%) 1.0816
Extensions (100.0%) 1.0800
Extensions (138.2%) 1.0784
Extensions (161.8%) 1.0773
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 5 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 5 / 29 / 2014
OPEN 1.0874
HIGH 1.0877
LOW 1.0825
CLOSED 1.0836
The third resistance (R3) 1.0877 -( 1.0846 - 1.0825 = 0.0021 x 2 = 0.0042 )= 1.0919
The second Resistance (R2) 1.0846 + 1.0877 - 1.0825 = 1.0898
First resistance (R1) 1.0846 x 2 = 2.1692 - 1.0825 = 1.0867
pivot points 1.0877 + 1.0825 + 1.0836 = 3.2538 / 3 = 1.0846
Support for the first (S1) 1.0846 x 2 = 2.1692 - 1.0877 = 1.0815
Support second (S2) 1.0846 -( 1.0877 - 1.0825 = 0.0052 ) = 1.0794
Third Support (S3) 1.0825 -( 1.0877 - 1.0846 = 0.0031 x 2 = 0.0062 )= 1.0763
With the market heading Down Today 5/30/2014 for the pair USDCAD the closest resistance level that I can see would be 1.0844
so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 1.0824 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick .
http://uploadyourimages.org/upload/s...7e65136e50.JPG
pair- usd/cad
chart analysis time frame- m15
http://i60.tinypic.com/2899cgh.jpg
the price is falling down side with breaking the pivot support at the 1.0845 level. the stoch indicator is showing oversold as moving at the 20 level. this may be making a pull back setup to move continue down side. hold the short entry with stop loss at 1.0850
good luck.