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http://prntscr.com/41jz14
analysis for today 7 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 10 / 2014
OPEN 1.0651
HIGH 1.0674
LOW 1.0644
CLOSED 1.0649
The third resistance (R3) 1.0674 -( 1.0656 - 1.0644 = 0.0012 x 2 = 0.0023 )= 1.0697
The second Resistance (R2) 1.0656 + 1.0674 - 1.0644 = 1.0686
First resistance (R1) 1.0656 x 2 = 2.1311 - 1.0644 = 1.0667
pivot points 1.0674 + 1.0644 + 1.0649 = 3.1967 / 3 = 1.0656
Support for the first (S1) 1.0656 x 2 = 2.1311 - 1.0674 = 1.0637
Support second (S2) 1.0656 -( 1.0674 - 1.0644 = 0.0030 ) = 1.0626
Third Support (S3) 1.0644 -( 1.0674 - 1.0656 = 0.0018 x 2 = 0.0037 )= 1.0607
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http://prntscr.com/41m1cz
analysis for today 7 / 11 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0663
Retracement (50%) 1.0659
retracement (61,8%) 1.0655
Extensions (61.8%) 1.0693
Extensions (100.0%) 1.0704
Extensions (138.2%) 1.0715
Extensions (161.8%) 1.0723
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/42hld0
analysis for today 7 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 11 / 2014
OPEN 1.0649
HIGH 1.0736
LOW 1.0630
CLOSED 1.0734
The third resistance (R3) 1.0736 -( 1.0700 - 1.0630 = 0.0070 x 2 = 0.0140 )= 1.0876
The second Resistance (R2) 1.0700 + 1.0736 - 1.0630 = 1.0806
First resistance (R1) 1.0700 x 2 = 2.1400 - 1.0630 = 1.0770
pivot points 1.0736 + 1.0630 + 1.0734 = 3.2100 / 3 = 1.0700
Support for the first (S1) 1.0700 x 2 = 2.1400 - 1.0736 = 1.0664
Support second (S2) 1.0700 -( 1.0736 - 1.0630 = 0.0106 ) = 1.0594
Third Support (S3) 1.0630 -( 1.0736 - 1.0700 = 0.0036 x 2 = 0.0072 )= 1.0558
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http://prntscr.com/42ksis
analysis for today 7 / 14 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0696
Retracement (50%) 1.0683
retracement (61,8%) 1.0670
Extensions (61.8%) 1.0802
Extensions (100.0%) 1.0842
Extensions (138.2%) 1.0882
Extensions (161.8%) 1.0908
calculation based on a Fibonacci retracement then today I choose buy
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I think that we can sell with targets up to 1.0693 and then 1.0631.
If the price breaks the top of the channel, it may cause in a big rise.
http://i.imgur.com/Q4PTacX.png
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http://prntscr.com/42rv97
analysis for today 7 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 14 / 2014
OPEN 1.0734
HIGH 1.0746
LOW 1.0709
CLOSED 1.0711
The third resistance (R3) 1.0746 -( 1.0722 - 1.0709 = 0.0013 x 2 = 0.0026 )= 1.0772
The second Resistance (R2) 1.0722 + 1.0746 - 1.0709 = 1.0759
First resistance (R1) 1.0722 x 2 = 2.1444 - 1.0709 = 1.0735
pivot points 1.0746 + 1.0709 + 1.0711 = 3.2166 / 3 = 1.0722
Support for the first (S1) 1.0722 x 2 = 2.1444 - 1.0746 = 1.0698
Support second (S2) 1.0722 -( 1.0746 - 1.0709 = 0.0037 ) = 1.0685
Third Support (S3) 1.0709 -( 1.0746 - 1.0722 = 0.0024 x 2 = 0.0048 )= 1.0661
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http://prntscr.com/42wukc
analysis for today 7 / 15 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0732
Retracement (50%) 1.0728
retracement (61,8%) 1.0723
Extensions (61.8%) 1.0769
Extensions (100.0%) 1.0783
Extensions (138.2%) 1.0797
Extensions (161.8%) 1.0806
calculation based on a Fibonacci retracement then today I choose buy
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Canadian Dollar pair fell yesterday for a correction after the strong rise at the end of trading last week, the pair approached the first of our goal at levels of 1.0814. We expect the pair to reach them during this week.
http://i.imgur.com/JOcM4x1.png
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http://prntscr.com/434qjz
analysis for today 7 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 7 / 15 / 2014
OPEN 1.0711
HIGH 1.0768
LOW 1.0710
CLOSED 1.0757
The third resistance (R3) 1.0768 -( 1.0745 - 1.0710 = 0.0035 x 2 = 0.0070 )= 1.0838
The second Resistance (R2) 1.0745 + 1.0768 - 1.0710 = 1.0803
First resistance (R1) 1.0745 x 2 = 2.1490 - 1.0710 = 1.0780
pivot points 1.0768 + 1.0710 + 1.0757 = 3.2235 / 3 = 1.0745
Support for the first (S1) 1.0745 x 2 = 2.1490 - 1.0768 = 1.0722
Support second (S2) 1.0745 -( 1.0768 - 1.0710 = 0.0058 ) = 1.0687
Third Support (S3) 1.0710 -( 1.0768 - 1.0745 = 0.0023 x 2 = 0.0046 )= 1.0664
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http://prntscr.com/4395r4
analysis for today 7 / 16 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0746
Retracement (50%) 1.0739
retracement (61,8%) 1.0732
Extensions (61.8%) 1.0804
Extensions (100.0%) 1.0826
Extensions (138.2%) 1.0848
Extensions (161.8%) 1.0862
calculation based on a Fibonacci retracement then today I choose buy