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http://s10.postimg.org/ax8i6ox8p/bieela_2014_06_13.jpg
USDCAD today will tend sideways, due to the European session has been no significant movement at all, he will move in the range of 1.0869 - 1.0848. Moment is well suited to use for scalping method using scalping EA.
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/adf2vn.jpg
the price movement between the support at 1.0840 and the resistance at 1.0860 level. now the price at the resistance level and stoch is showing overbought. the price may falling down. short with the take profit at 1.0845 and stop loss at 1.0880
good luck
ma is pear par trad ni karta ho ma to is ma kabi be ni trad ke boht sa log karta ha is ma trda karta ha sab is kam ko likekarta ha jo is ka bar ma janta ha sab is ma kamkar ka pisa kam sakta ha forex ttrading ak online business ha
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analysis for today 6 / 13 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0858
Retracement (50%) 1.0855
retracement (61,8%) 1.0852
Extensions (61.8%) 1.0886
Extensions (100.0%) 1.0897
Extensions (138.2%) 1.0908
Extensions (161.8%) 1.0914
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 6 / 16 / 2014
USD/CAD
Resistance : R1 1.0927 R2 1.0952 R3 1.0972 R4 1.1002
Support : S1 1.0784 S2 1.0759 S3 1.0739 S4 1.0709
Open : 1.0854
High : 1.0859
Low : 1.0852
Range : 7 Pips
Running Price : 1.0852
Strategy : SELL at the level 1.0852 stop loss at the level 1.0927 target take profit at the level 1.0739 or at the level 1.0709
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analysis for today 6 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 13 / 2014
OPEN 1.0854
HIGH 1.0869
LOW 1.0847
CLOSED 1.0855
The third resistance (R3) 1.0869 -( 1.0857 - 1.0847 = 0.0010 x 2 = 0.0020 )= 1.0889
The second Resistance (R2) 1.0857 + 1.0869 - 1.0847 = 1.0879
First resistance (R1) 1.0857 x 2 = 2.1714 - 1.0847 = 1.0867
pivot points 1.0869 + 1.0847 + 1.0855 = 3.2571 / 3 = 1.0857
Support for the first (S1) 1.0857 x 2 = 2.1714 - 1.0869 = 1.0845
Support second (S2) 1.0857 -( 1.0869 - 1.0847 = 0.0022 ) = 1.0835
Third Support (S3) 1.0847 -( 1.0869 - 1.0857 = 0.0012 x 2 = 0.0024 )= 1.0823
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/5cm8u1.jpg
the stoch indicator is showing overbought at its acting at the level 20 and the price is also moving up side from the support at 1.0840 level. if the resistance of moving average 14 is break the it is continue up to the 1.0870 level. long with stop loss at 1.0830
good luck
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analysis for today 6 / 16 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0855
Retracement (50%) 1.0858
retracement (61,8%) 1.0861
Extensions (61.8%) 1.0833
Extensions (100.0%) 1.0825
Extensions (138.2%) 1.0817
Extensions (161.8%) 1.0811
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 6 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 16 / 2014
OPEN 1.0854
HIGH 1.0881
LOW 1.0838
CLOSED 1.0843
The third resistance (R3) 1.0881 -( 1.0854 - 1.0838 = 0.0016 x 2 = 0.0032 )= 1.0913
The second Resistance (R2) 1.0854 + 1.0881 - 1.0838 = 1.0897
First resistance (R1) 1.0854 x 2 = 2.1708 - 1.0838 = 1.0870
pivot points 1.0881 + 1.0838 + 1.0843 = 3.2562 / 3 = 1.0854
Support for the first (S1) 1.0854 x 2 = 2.1708 - 1.0881 = 1.0827
Support second (S2) 1.0854 -( 1.0881 - 1.0838 = 0.0043 ) = 1.0811
Third Support (S3) 1.0838 -( 1.0881 - 1.0854 = 0.0027 x 2 = 0.0054 )= 1.0784
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/sl6xb8.jpg
the is moving up with making the double bottom chart pattern and break the resistance at 1.0850 level. this is now at the fibo resistance level 50 and stoch showing overbought. the price will make correction. hold the long position with stop loss at 1.0840
good luck