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http://prntscr.com/55u9fg
analysis for today 11 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 11 / 12 / 2014
OPEN 1.1334
HIGH 1.1358
LOW 1.1281
CLOSED 1.1317
The third resistance (R3) 1.1358 -( 1.1319 - 1.1281 = 0.0038 x 2 = 0.0075 )= 1.1433
The second Resistance (R2) 1.1319 + 1.1358 - 1.1281 = 1.1396
First resistance (R1) 1.1319 x 2 = 2.2637 - 1.1281 = 1.1356
pivot points 1.1358 + 1.1281 + 1.1317 = 3.3956 / 3 = 1.1319
Support for the first (S1) 1.1319 x 2 = 2.2637 - 1.1358 = 1.1279
Support second (S2) 1.1319 -( 1.1358 - 1.1281 = 0.0077 ) = 1.1242
Third Support (S3) 1.1281 -( 1.1358 - 1.1319 = 0.0039 x 2 = 0.0079 )= 1.1202
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pair- usd/cad
analysis time frame- m30
http://i61.tinypic.com/2u4sbwz.jpg
the down movement of the price is hold at the daily support 1.1279 and moving up side but having resistance at 1.1320 level. if the price is break 1.1330 then its up movement can expected to last high at 1.1395. long with stop loss at 1.1269
good luck.
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On our USDCAD pair today we can see that the price is taking a upward direction and that’s due to the blue dots below the candles if the price kept its position higher than the strong support 1.1238 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 1.1441 .
On the other hand if the price penetrated the support at the level 1.1238 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 1.1149 of the next Pivot level.
http://bigimage.cz/photos/20010126980472790336983.gif .
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http://prntscr.com/565iyx
analysis for today 11 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 11 / 12 / 2014
OPEN 1.1318
HIGH 1.1391
LOW 1.1298
CLOSED 1.1366
The third resistance (R3) 1.1391 -( 1.1352 - 1.1298 = 0.0054 x 2 = 0.0107 )= 1.1498
The second Resistance (R2) 1.1352 + 1.1391 - 1.1298 = 1.1445
First resistance (R1) 1.1352 x 2 = 2.2703 - 1.1298 = 1.1405
pivot points 1.1391 + 1.1298 + 1.1366 = 3.4055 / 3 = 1.1352
Support for the first (S1) 1.1352 x 2 = 2.2703 - 1.1391 = 1.1312
Support second (S2) 1.1352 -( 1.1391 - 1.1298 = 0.0093 ) = 1.1259
Third Support (S3) 1.1298 -( 1.1391 - 1.1352 = 0.0039 x 2 = 0.0079 )= 1.1219
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pair- usd/cad
analysis time frame- m30
http://i58.tinypic.com/1ieps9.jpg
the up movement of the price is rejecting down side from the resistance at 1.1395 level but lower side hold at the pivot point support 1.1352. the macd is down trend side but the stoch is moving up from the level 20. if break 1.1400 level then long with profit target at 1.1487 and stop loss at 1.1351
good luck.
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On our USDCAD pair today we can see that the price is taking a downward direction and that’s due to the red dots above the candles if the price kept its position lower than the strong resistance 1.1441 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 1.1238 .
On the other hand if the price penetrated the resistance at the level 1.1441 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 1.1555 of the next Pivot level.
http://bigimage.cz/photos/20010128980681643708465.gif .
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Daily Forecast
Pair: USDCAD
Major Trend: Bearish
Time Frame: H1
Reason: Prices tend to form a bearish pattern. Daily pivot point at 1.1315 untouched. Temporary support at 1.1266. If directly pierced, then the price towards 1.1237 or if the correction then the price will continue to 1.1237 before bearish trend.
Recommendation: Sell Limit at 1.1237 or Sell stop at 1.1266 with targets 1.1315
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http://prntscr.com/5768f9
analysis for today 11 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 11 / 14 / 2014
OPEN 1.1367
HIGH 1.1392
LOW 1.1265
CLOSED 1.1288
The third resistance (R3) 1.1392 -( 1.1315 - 1.1265 = 0.0050 x 2 = 0.0100 )= 1.1492
The second Resistance (R2) 1.1315 + 1.1392 - 1.1265 = 1.1442
First resistance (R1) 1.1315 x 2 = 2.2630 - 1.1265 = 1.1365
pivot points 1.1392 + 1.1265 + 1.1288 = 3.3945 / 3 = 1.1315
Support for the first (S1) 1.1315 x 2 = 2.2630 - 1.1392 = 1.1238
Support second (S2) 1.1315 -( 1.1392 - 1.1265 = 0.0127 ) = 1.1188
Third Support (S3) 1.1265 -( 1.1392 - 1.1315 = 0.0077 x 2 = 0.0154 )= 1.1111
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There is a great chance for a bullish trend to be taking place today on the USDCAD chart and that is according to the price which is currently located on upper level than the EMA 15 line.
According to the power momentum indicator a low power of the bullish trend is shown and also it can be used as a filter for the entering the buy positions.
For more confirmation we can use the power line indicator which is currently below the 50 level giving us a good downward direction signal as a result .
http://bigimage.cz/photos/20141117141621032117578.gif
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