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http://prntscr.com/4ascvr
analysis for today 8 / 8 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0916
Retracement (50%) 1.0920
retracement (61,8%) 1.0924
Extensions (61.8%) 1.0882
Extensions (100.0%) 1.0869
Extensions (138.2%) 1.0856
Extensions (161.8%) 1.0848
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/4b1nf4
analysis for today 8 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 8 / 2014
OPEN 1.0924
HIGH 1.0983
LOW 1.0909
CLOSED 1.0972
The third resistance (R3) 1.0983 -( 1.0955 - 1.0909 = 0.0046 x 2 = 0.0091 )= 1.1074
The second Resistance (R2) 1.0955 + 1.0983 - 1.0909 = 1.1029
First resistance (R1) 1.0955 x 2 = 2.1909 - 1.0909 = 1.1000
pivot points 1.0983 + 1.0909 + 1.0972 = 3.2864 / 3 = 1.0955
Support for the first (S1) 1.0955 x 2 = 2.1909 - 1.0983 = 1.0926
Support second (S2) 1.0955 -( 1.0983 - 1.0909 = 0.0074 ) = 1.0881
Third Support (S3) 1.0909 -( 1.0983 - 1.0955 = 0.0028 x 2 = 0.0057 )= 1.0852
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Price will go upto 0.9715 and then bounce back is possible as trend line is there, in H4 it formed head ans shoulder pattern thats why it faling 0.9855 level,
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http://prntscr.com/4bmd9o
analysis for today 8 / 11 / 2014
USD/CAD
Resistance : R1 1.1041 R2 1.1066 R3 1.1086 R4 1.1116
Support : S1 1.0901 S2 1.0876 S3 1.0856 S4 1.0826
Open : 1.0969
High : 1.0976
Low : 1.0966
Range : 10 Pips
Running Price : 1.0972
Strategy : BUY at the level 1.0972 stop loss at the level 1.0901 target take profit at the level 1.1086 or at the level 1.1116
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http://prntscr.com/4br8g6
analysis for today 8 / 11 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0937
Retracement (50%) 1.0946
retracement (61,8%) 1.0955
Extensions (61.8%) 1.0863
Extensions (100.0%) 1.0835
Extensions (138.2%) 1.0807
Extensions (161.8%) 1.0789
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/4bykf0
analysis for today 8 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 11 / 2014
OPEN 1.0969
HIGH 1.0976
LOW 1.0918
CLOSED 1.0921
The third resistance (R3) 1.0976 -( 1.0938 - 1.0918 = 0.0020 x 2 = 0.0041 )= 1.1017
The second Resistance (R2) 1.0938 + 1.0976 - 1.0918 = 1.0996
First resistance (R1) 1.0938 x 2 = 2.1877 - 1.0918 = 1.0959
pivot points 1.0976 + 1.0918 + 1.0921 = 3.2815 / 3 = 1.0938
Support for the first (S1) 1.0938 x 2 = 2.1877 - 1.0976 = 1.0901
Support second (S2) 1.0938 -( 1.0976 - 1.0918 = 0.0058 ) = 1.0880
Third Support (S3) 1.0918 -( 1.0976 - 1.0938 = 0.0038 x 2 = 0.0075 )= 1.0843
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http://prntscr.com/4bzqgx
analysis for today 8 / 12 / 2014
USD/CAD
Resistance : R1 1.0994 R2 1.1019 R3 1.1039 R4 1.1069
Support : S1 1.0869 S2 1.0844 S3 1.0824 S4 1.0794
Open : 1.0920
High : 1.0944
Low : 1.0919
Range : 25 Pips
Running Price : 1.0942
Strategy : BUY at the level 1.0942 stop loss at the level 1.0869 target take profit at the level 1.1039 or at the level 1.1069
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pair- usd/cad
chart analysis time frame- m15
http://i59.tinypic.com/1z49uee.jpg
the macd indicator is showing up trend signal and the price is also hold its down movement at the support 1.0915 level and moving up side with breaking the pivot point at the 1.0938 level. the price is continue up moved to the resistance at 1.0975 level then down movement can expected.
good luck
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http://prntscr.com/4c3149
analysis for today 8 / 12 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.0940
Retracement (50%) 1.0947
retracement (61,8%) 1.0954
Extensions (61.8%) 1.0882
Extensions (100.0%) 1.0860
Extensions (138.2%) 1.0838
Extensions (161.8%) 1.0824
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/4c9yr7
analysis for today 8 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 12 / 2014
OPEN 1.0920
HIGH 1.0952
LOW 1.0915
CLOSED 1.0923
The third resistance (R3) 1.0952 -( 1.0930 - 1.0915 = 0.0015 x 2 = 0.0030 )= 1.0982
The second Resistance (R2) 1.0930 + 1.0952 - 1.0915 = 1.0967
First resistance (R1) 1.0930 x 2 = 2.1860 - 1.0915 = 1.0945
pivot points 1.0952 + 1.0915 + 1.0923 = 3.2790 / 3 = 1.0930
Support for the first (S1) 1.0930 x 2 = 2.1860 - 1.0952 = 1.0908
Support second (S2) 1.0930 -( 1.0952 - 1.0915 = 0.0037 ) = 1.0893
Third Support (S3) 1.0915 -( 1.0952 - 1.0930 = 0.0022 x 2 = 0.0044 )= 1.0871