Usd/Cad

daily overview for Usd-Cad
r3: 1.2289
r2: 1.2237
r1: 1.2206
s1: 1.2123
s2: 1.2071
s3: 1.2040
the pair broke the down trend to up
so our trade for the pair is buy

We the trend is down and we suspect that although the 0.98 level might serve as some kind of support – this pair ultimately goes down again.

US dollar versus the Canadian dollar floor found good support at 1.2100 force the pair to provide lateral trading since last Friday, noting that the stochastic has intention rookie clearly begins to form a negative signal on the time frame of four hours, which supports the chances of resuming the downward trend is expected the intraday and short term, and that these targets are around 1.2000 -1.1955.

Therefore, we will continue tipping downside bias in the coming sessions with support from the SMA 50, unless the breach of 1.2360 and stability above it.

Expected trading range for today between support at 1.2000 and resistance 1.2260 range

pair- usd/cad
time frame analysis- m15

http://i62.tinypic.com/5lxvea.jpg

the price is falling down side and its break the daily pivot point at 1.2154 level and moving to the lower support at 1.2100 level. the rsi indicator is showing oversold as moving level 30 so again up movement can expected. long with take profit at 1.2190 with stop loss at 1.2084
good luck

Charts also indicate in the case of access to reverse the main wave to frame the four hours H4 that in the event that the candle 4 hours failed to close below support (1.2121), then it is possible a correction movement upward wave key will be trading SPV within wave secondary correction among (1.2103) and (1.2129) to open the downward field in the future to the region (1.2073) and can close this new deal at (1.2195).

US dollar against the Canadian dollar found the floor of good support at 1.2100 force the pair to provide lateral trading since last Friday, noting that the stochastic has intention rookie clearly begins to form a negative signal on the time frame of four hours, which supports the chances of resuming the downward trend is expected to intraday and short term, and that these targets are around 1.2000 -1.1955.

For US dollar saw on Friday the results of durable goods orders, which came on the variation where requests for core durable goods decreased by 0.2% on a monthly basis other than expectations, which had been monitoring a height of 0.2%, was also amended the previous reading figures, bringing the decline rate from 0.4% to 0.6% of the monthly level of the past, contrast, durable goods orders were recorded nonessential rose by 4.0% on a monthly level better than expected much and were monitored to rise by 0.7%, was also amended the previous reading numbers to shrink decline of 1.4% rate to 1.1% of the monthly level of the past, and today at 4:45 pm GMT will be issued PMI for the service sector and the expectations index refers to a height of 58.6 to 59.1 on a monthly basis
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Technically, after falling US dollar against his Canadian counterpart even support 1.2102 and rising levels to correct even the resistance levels of 1.2305 before returning again to the same support for the shape of our "twin bed - Double Bottom" on Frame four hours, according to this model model the entry The pair will be buying with penetrating neck existing line levels at 1.2305 resistance to target 1.2410 levels as a first target and then 1.2520 in case of impenetrable, either scenario and substitute a sales and happens in case the model has failed, and the pair closed four hours down the support 1.2102 the pair becomes a candidate for more landinga

daily overview for Usd-Cad
r3: 1.2273
r2: 1.2233
r1: 1.2159
s1: 1.2045
s2: 1.2005
s3: 1.1931
the pair broke the triangle to down
so our trade for the pair is sell

Charts indicate in the case of access to reverse the main wave to frame the four hours H4 that in the event that the candle 4 hours failed to close below support (1.2046), then it is possible a correction movement upward wave key will be trading SPV within wave secondary correction among (1.2081 ) and (1.2140) to open the downward field in the future to the region (1.2006) and can close this new deal at (1.2076).

pair- usd/cad
time frame analysis- m15

http://i59.tinypic.com/2dt4s5j.jpg

the rsi indicator is moving out from the oversold level 30 and the price down movement is also hold at the support 1.2050 level. if the price is moved above the 1.2090 level then long with profit target at 1.2135 and stop loss at 1.2030
good luck