Usd/Cad

http://prntscr.com/5hdze6
analysis for today 12 / 17 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.1647
Retracement (50%) 1.1640
retracement (61,8%) 1.1632

Extensions (61.8%) 1.1708
Extensions (100.0%) 1.1731
Extensions (138.2%) 1.1754
Extensions (161.8%) 1.1769
calculation based on a Fibonacci retracement then today I choose buy

---------- Post added 12-18-2014 at 05:41 PM ---------- Previous post was 12-17-2014 at 06:27 PM ----------

analysis for today 12 / 18 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.1602
Retracement (50%) 1.1616
retracement (61,8%) 1.1629

Extensions (61.8%) 1.1491
Extensions (100.0%) 1.1449
Extensions (138.2%) 1.1407
Extensions (161.8%) 1.1380
calculation based on a Fibonacci retracement then today I choose sell

pair- usd/cad
time frame analysis- m30

http://i58.tinypic.com/20k7u6d.png

the price is making double top chart pattern with having resistance at the 1.1670 level and moving down side with breaking the nick line of support at 1.1600. the price is correction side and may rejecting from the moving resistance 50 at 1.1620 level. hold the short entry.
good luck

USDCAD
Dec. 18, 2014, 07:23

Sell on a level breakthrough of 1.1600 with 1.1500 target. Stop loss = 1.1650.

Reason for the trading strategy

Over the past week, the oil and petroleum products reserves in the United States decreased by 0.8 million barrels. The oil prices reacted to this news with a rapid growth, supporting the commodity currencies. Opening long positions in the USDCAD pair is worth considering if it breaks the 1.1600 level.

USDCAD, H4
https://www.exness.com/media/media/2.../18/usdcad.png

trend and target 0.9700 and then 0.9670 stop loss 0.9780, even if the price went to the highest point breakers 0.9780, the trend is reversed to the upside targeting 0.9807 then 0.9830

I think that we can get in shorrt position with take profit at 1.1569 because of the red trendline decree below on the M30 time frame
http://i.imgur.com/CbzGfl2.png

analysis for today 12 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 12 / 18 / 2014
OPEN 1.1630
HIGH 1.1647
LOW 1.1569
CLOSED 1.1575

The third resistance (R3) 1.1647 -( 1.1597 - 1.1569 = 0.0028 x 2 = 0.0056 )= 1.1703
The second Resistance (R2) 1.1597 + 1.1647 - 1.1569 = 1.1675
First resistance (R1) 1.1597 x 2 = 2.3194 - 1.1569 = 1.1625
pivot points 1.1647 + 1.1569 + 1.1575 = 3.4791 / 3 = 1.1597
Support for the first (S1) 1.1597 x 2 = 2.3194 - 1.1647 = 1.1547
Support second (S2) 1.1597 -( 1.1647 - 1.1569 = 0.0078 ) = 1.1519
Third Support (S3) 1.1569 -( 1.1647 - 1.1597 = 0.0050 x 2 = 0.0100 )= 1.1469

http://prntscr.com/5hdze6
analysis for today 12 / 19 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.1617
Retracement (50%) 1.1608
retracement (61,8%) 1.1599

Extensions (61.8%) 1.1695
Extensions (100.0%) 1.1725
Extensions (138.2%) 1.1755
Extensions (161.8%) 1.1773
calculation based on a Fibonacci retracement then today I choose buy

pair- usd/cad
time frame analysis- m30

http://i60.tinypic.com/axm51.png

the price is making triangle chart pattern with having support at 1.1575 and the resistance. this is break moving average 50 and resistance trend line at the 1.1590 level. its up movement can expected to the resistance at 1.1665 level. long with stop loss at 1.1560
good luck

USDCAD
Dec. 19, 2014, 08:53

Sell on a level breakthrough of 1.1560 with 1.1500 target. Stop loss = 1.1610.

Reason for the trading strategy

Today at 13.30 GMT, the consumer price index and the volume of retail sales in Canada will be published. The expected reduction in these indicators may put pressure on the Loonie. Meanwhile, the stabilization of prices for WTI crude oil around the $55 mark has provided significant support for commodity currencies.

USDCAD, H4

https://www.exness.com/media/media/2.../19/usdcad.png

The re is a very strong resistance level at 1.1695 and I don't think that the price will can break it, that's why I advise you to close all the long positions and look only for short opportunities.
http://i.imgur.com/NUi1cTr.png