Printable View
analysis for today 12 / 5 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.1374
Retracement (50%) 1.1368
retracement (61,8%) 1.1361
Extensions (61.8%) 1.1431
Extensions (100.0%) 1.1453
Extensions (138.2%) 1.1475
Extensions (161.8%) 1.1488
calculation based on a Fibonacci retracement then today I choose buy
The pair is in downtrend so down movement until 0.9730. But if price able to break 0.9805, we'd see up movement hitting 0.9850, aaj bada news bhi hai 2 hour bad,to volatile hone ka bahut chance hain.
analysis for today 12 / 5 / 2014
EUR/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.4087
Retracement (50%) 1.4062
retracement (61,8%) 1.4037
Extensions (61.8%) 1.4299
Extensions (100.0%) 1.4380
Extensions (138.2%) 1.4461
Extensions (161.8%) 1.4511
calculation based on a Fibonacci retracement then today I choose buy
I think that the support level at 1.1458 will make the price fall down to the support level at 1.1340.
http://i.imgur.com/t5w82uu.png
dear what do you mean kya yah ab kabi necha ni ayya ga ap ka is sa kay matlab ha ka ab is ka treand nicha girna ka treand khatam ho gya he or ab up treand start ho gya ha please detail ma bata do .thanks
On the USDCAD 1H chart we can see a bullish trend as we can notice the green arrow on the chart the trend is supported with a bottom located at 1.1255 which can be used as a strong support that the price couldn't go below it in case that the bullish trend still strong.
The parabolic sar dots is located above the candles that is a sign that the price is going to move down In case that the buying trades are happening we can consider the resistance which located at 1.1445 as a good area to close some of the open positions as the price has a good chance to go south after hitting it.
http://bigimage.cz/photos/20141207141798911192125.gif
USDCAD seems to reverse now and start uptrending leaving the downward trend behind. But be aware, we are touching a strong level Fib 50% and 200 EMA.
If we break this level I assume entering long positions could be really profitable.
the USDCAD pair have a up channel as you can mention on the chart then thinking about an bullish direction on the few coming hours is strongly .
By the current time the price hits the recommended upper edge of the Donchin Channel indicator alerting for a good chance for south movement.
Another signal is given by the awesome indicator as the price keeps above the zero's level and showing red color which could be recognized as a good sell signal.
Finally I can see the signal of bearish direction on the stostatic according to the last sell intersection between the two lines near the 80 Th level.
Waiting a confirmation of buying direction form awesome indicator is a wise but in the same time the current situation could encourage the buy trades as long as the price didn't reach the high edge of Donchin channel http://bigimage.cz/photos/20141208141801991159938.gif
analysis for today 12 / 8 / 2014
USDCAD
Resistance : R1 1.1510 R2 1.1535 R3 1.1555 R4 1.1585
Support : S1 1.1373 S2 1.1348 S3 1.1328 S4 1.1298
Open : 1.1435
High : 1.1448
Low : 1.1435
Range : 0.0013 Pips
Running Price : 1.1442
Strategy : BUY at the level 1.1442 stop loss at the level 1.1373 target take profit at the level 1.1555 or at the level 1.1585
As you can see on the USDCAD chart in front of us the blue line’s position in the moment indicator is above the red line which means a good buying signal should be occurring.
also the yellow color shown in the oracle strength indicator means that a upwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the blue colors shown on the arrows meaning that a upward signal would be taking place in short term trades.
Summing all that up in my opinion I do think that the trend would be taking a upward direction but that can only happen if the moment buy cross was taking place on the chart And as long as the ATR indicator keeps showing buying signals then without doubt the buy trades would be a better choice for entry.
http://bigimage.cz/photos/20141208141802235260105.gif