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analysis for today 6 / 20 / 2014
USD/CAD
Resistance : R1 1.0888 R2 1.0913 R3 1.0933 R4 1.0963
Support : S1 1.0750 S2 1.0725 S3 1.0705 S4 1.0675
Open : 1.0816
High : 1.0825
Low : 1.0813
Range : 0.0012 Pips
Running Price : 1.0820
Strategy : SELL at the level 1.0820 stop loss at the level 1.0888 target take profit at the level 1.0705 or at the level 1.0675
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/34pauzq.jpg
the price is falling down with a strong bearish candle from the resistance at 1.0807 level and move below the daily support level three at the 1.0770 level. the stoch is now showing oversold as its acting below the level 20 so correction can expected. long with take profit at 1.0790 and stop loss at the 1.0745
good luck
With the market heading Down Today 6/23/2014 for the pair USDCAD the closest resistance level that I can see would be 1.0774
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 1.0751 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...75d0f62e6e.JPG
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analysis for today 6 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 20 / 2014
OPEN 1.0817
HIGH 1.0825
LOW 1.0751
CLOSED 1.0757
The third resistance (R3) 1.0825 -( 1.0778 - 1.0751 = 0.0027 x 2 = 0.0053 )= 1.0878
The second Resistance (R2) 1.0778 + 1.0825 - 1.0751 = 1.0852
First resistance (R1) 1.0778 x 2 = 2.1555 - 1.0751 = 1.0804
pivot points 1.0825 + 1.0751 + 1.0757 = 3.2333 / 3 = 1.0778
Support for the first (S1) 1.0778 x 2 = 2.1555 - 1.0825 = 1.0730
Support second (S2) 1.0778 -( 1.0825 - 1.0751 = 0.0074 ) = 1.0704
Third Support (S3) 1.0751 -( 1.0825 - 1.0778 = 0.0047 x 2 = 0.0095 )= 1.0656
pair- usd/cad
chart analysis time frame- m15
http://i62.tinypic.com/dnj4o0.jpg
the price is making lower to low and the macd divergen is lower to high side. the down movement is hold at the support 1.0715 level the macd indicator is also going to move above zero level. the moving average 14 resistance is also break. long with take profit at the 1.0800 level and stop loss at the 1.0700
good luck
http://prntscr.com/3vodt2
analysis for today 6 / 23 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0779
Retracement (50%) 1.0788
retracement (61,8%) 1.0797
Extensions (61.8%) 1.0705
Extensions (100.0%) 1.0677
Extensions (138.2%) 1.0649
Extensions (161.8%) 1.0631
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 6 / 24 / 2014
USD/CAD
Resistance : R1 1.0798 R2 1.0823 R3 1.0843 R4 1.0873
Support : S1 1.0657 S2 1.0632 S3 1.0612 S4 1.0582
Open : 1.0729
High : 1.0732
Low : 1.0723
Range : 9 Pips
Running Price : 1.0725
Strategy : SELL at the level 1.0725 stop loss at the level 1.0798 target take profit at the level 1.0612 or at the level 1.0582
Stoch indicators and moving averages has been clearly seen that there is significant movement in the European and U.S. sessions later. USDCAD will likely continue to trip and fall to the level of 1.0691 to 1.0679 or may be lower than that. Good Luck!
http://s14.postimg.org/82197d0f5/bieela_2014_06_24.jpg
pair- usd/cad
chart analysis time frame- m15
http://i61.tinypic.com/25kh2xd.jpg
the price is moving down side along the down trend line. the stoch indicator is giving up movement signal and the macd divergen is also moving to the level zero. if this is break the weak resistance at the 1.0724 then it may be moved to the higher resistance at 1.0770 level. long with the stop loss at 1.0700
good luck
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analysis for today 6 / 24 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 23 / 2014
OPEN 1.0760
HIGH 1.0760
LOW 1.0716
CLOSED 1.0732
The third resistance (R3) 1.0760 -( 1.0736 - 1.0716 = 0.0020 x 2 = 0.0040 )= 1.0800
The second Resistance (R2) 1.0736 + 1.0760 - 1.0716 = 1.0780
First resistance (R1) 1.0736 x 2 = 2.1472 - 1.0716 = 1.0756
pivot points 1.0760 + 1.0716 + 1.0732 = 3.2208 / 3 = 1.0736
Support for the first (S1) 1.0736 x 2 = 2.1472 - 1.0760 = 1.0712
Support second (S2) 1.0736 -( 1.0760 - 1.0716 = 0.0044 ) = 1.0692
Third Support (S3) 1.0716 -( 1.0760 - 1.0736 = 0.0024 x 2 = 0.0048 )= 1.0668