Usd/Cad

As I can see on the USDCAD hour chart the daily open for today was lower than the last day which can be a good signal for a south direction of the market.
Now when focusing on the chart you can easily get the signal form the red down arrow which shown above the price candles to indicate a probably of bearish direction on the upcoming day.
And about the strong levels that the price may need to fight in order to break it you can monitor that there is a strong support located at the price 1.1425 and I think it is hard for the price to break it down then I guess I will use it as a primary take profit level for any short positions that I may enter.
I also always keep an eye on the check and trader indicators to help me filtering the fake trend signals and they have to show a red line for the check and a red color for the trend indicator before I decide to enter the short positions.
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For today's analysis on the USDCAD since we can see that the price located below the level 1.1463 colored in blue which can be considered a balanced point according on the MBFX indicator.
On the other hand the vestro indicator is showing us a bearish saturation as its last signal.
down in this situation targeting the next MBFX level located at the support of the price 1.1436 which could be our primary selling target and if it kept going on the same pace then the support located at 1.142 could be considered as our secondary target but in case the price breaks the level 1.1489 then this would be the time to start thinking about buying orders as the price will stop heading down http://bigimage.cz/photos/20141211141828245133247.gif

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.
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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/20141212141836590132644.gif

The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of USDCAD pair.
And with a buy signal showing on the RSI indicator which have the line going above the center line of 50.
This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period.
Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the cart by getting the price under the wave of EMA indicators .
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On the USDCAD a bullish cross is currently taking place between the 9 and the 152 EMAs indicating by that the possibility that the price will be heading north soon.
After monitoring the histogram indicator we can notice that a red line is starting to take shape forming by that a bearish signal for the pair by being located under the 0 histogram level.
As for the market emotion indicator which is giving us a green line meaning by that that the price will be starting to rise to reach higher prices.
On the guru angle indicator we can notice that the slope is currently moving above the 0 level colored as green indicating by that a bullish direction now.
Clearly we can see that the price might be heading north in order to test the next resistance located at the price 1.1593 that's why I do recommend that as long as the indicators keep showing the same signals we should go with buy orders.
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On the USDCAD hourly chart we can see that a strong bullish trend is happening as the Blade oscillator is now at the 0.0002 area above the level of balance and also the indicator is colored in blue that is a strong indication of bullish direction on the short term.
Another buy signal is shown on the moving average indicator as it is heading downward to let me think that the last bottom performed at 1.1536 could be a good place to set any buy position's stop loss level at .
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As we can see in the USDCAD chart the main trend is currently taking a up direction and that’s because of the position of the 5 and 6 EMAs which are above the 35 EMA and as a result taking buy positions is the right choice once I get the confirmation from the other indicators that the direction will be bullish .
The parabolic sar indicator shows that the price might be taking a upward direction according to the dots below the candles .
The MACD indicator is giving me a buy signal which is currently moving above the 0 level also the CCI line is performing upward signal as is at the higher level .
As a conclusion to what I said earlier I do think that buying would be the best choice for now according to the EMA locations that of course unless the price gave a bearish signal instead .
http://bigimage.cz/photos/20141212141836644184795.gif

As I can see on the USDCAD hour chart the daily open for today was higher than the last day which can be a good signal for a north direction of the market.
Now when focusing on the chart you can easily get the signal form the green up arrow which shown below the price candles to indicate a probably of bullish direction on the upcoming day.
And about the strong levels that the price may need to fight in order to break it you can monitor that there is a strong resistance located at the price 1.1555 and I think it is hard for the price to break it up then I guess I will use it as a primary take profit level for any long positions that I may enter.
I also always keep an eye on the check and trader indicators to help me filtering the fake trend signals and they have to show a blue line for the check and a green color for the trend indicator before I decide to enter the long positions.
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http://bigimage.cz/photos/20141212141837014118469.gif

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analysis for today 12 / 12 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.1510
Retracement (50%) 1.1498
retracement (61,8%) 1.1486

Extensions (61.8%) 1.1610
Extensions (100.0%) 1.1648
Extensions (138.2%) 1.1686
Extensions (161.8%) 1.1710
calculation based on a Fibonacci retracement then today I choose buy