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the basic technical analysis leads to show a downward direction thanks for the drawn channel on the hour chart frame of the USDCAD while the cost is close to the upper edge of the channel it should be taken as a reasonable sell requisitions targeting the enclosed area of 1.3225 close to that StepMA meter keeps display a marker on the short run which fosters the significance of making a short entry for the entire day. Also The set of stochastics seems to suggest an oversold by getting the most lines goes towards the low area at the value of 20 which can be an indication of a shortcoming of the downward tendency or a beginning of a newer upward course to build up off the day.
[img=http://imagizer.imageshack.com/img923/888/gUNJ7J.gif]
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1 Attachment(s)
TimeFrame -1h
The pair is still in a bearish trend and is targeting the 1.3150 in a short and medium term after the pair broke the support level at 1.3234 .if the pair stays down 1.3234 and close under ,this will confirm the bearish trend for the upcoming days .targeting 1.3000 .
Attachment 14265
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http://i63.tinypic.com/2z5k9w9.png
USD/CAD is hafte bearish trend mai raha aur 200-250 pips neeche aya. Abhe hume lagta ha k recovery hogi itna girne k baad magar filhaal sell karna acha hoga 1.3335 level se aur target hoga 1.3060 magar agar ya level cross kar jata ha to phir 1.3450 agla level hoga.
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pair- usd/cad
time frame-h1
technical analysis-
http://i67.tinypic.com/wwd65u.jpg
the price is moving in the down trend channel pattern with having support at the 1.3155 level and moving up to the channel resistance at 1.3315 level. the price may again down to continue its pattern. take short entry at 1.3300 level with profit target at 1.3160 and stop loss at 1.3375
good luck
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The daily opening of the USDCAD which comes today above the yestedday Pivot where you can monitor it at 1.3335 which indicate likely a shape of a upward tendency on the current time. And depending on the moving crosses the faster MA20 have been below the moderate 48 MA to make a type of bearish direction that could stand for the rest of the day. and also as the price keeps above the bar of the trend magic indicator to raise the opportunity of the upward trend on the current time. working with this investigation it can revealed the market is at upward direction and it shouldn’t pass the support area at 1.3275 and the targets could be located near the area of 1.3415 up to 1.3475 as good profit claiming levels for the buy positions
http://funkyimg.com/i/29cDB.gif
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http://s18.postimg.org/jl6v5m9nt/ciocio_24.jpg
;)
Today is a good well of you who have OP on this pair with a buy again today and could put TP in R2: 1.3477. This I give the signal because there is no confirmation either between multiple signals or indicators that I use. Therefore, it is better to follow the trend and if you are in doubt then attach the SL at the right price with the use of money management that you use today.
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pair- usd/cad
time frame- h4
technical analysis-
http://i66.tinypic.com/v3d6aq.jpg
the rsi indicator is moving out from the oversold level 30 and in the price chart its down movement is also hold at the 1.2900 level. the down movement is making correction and will again down side from the fibo resistance at 1.3180 level. hold the short entry with stop loss at 1.3260
good luck
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Trading the US dollar pair continues against the Canadian dollar below the level of 1.3100, and continues to move in the stochastic overbought areas, which keeps a list of opportunities to bounce down and the resumption of the downward trend in the coming sessions, supported by the negative pressure offered by SMA 50.
http://i.imgur.com/uWgbJeS.png
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pair- usd/cad
time frame- h4
technical analysis-
http://i64.tinypic.com/ehzoye.jpg
the price is moving up side from the support at 1.2900 level. this is also break the resistance trend line at the 1.3200 level. this movement as may be correction but may be not able to break the resistance at 1.3845 level. hold the short entry with profit target at 1.2800 and stop loss at 1.3980
good luck
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Pushed the US dollar versus the Canadian dollar up yesterday beyond the 50 moving average and is approaching dramatically pivotal resistance 1.3264 level, accompanied by a large saturation displayed on the purchase through the stochastic, which adds further strength to the mentioned resistance, pending the rebound down to resume trading within the channel downlink that appear in the image.
http://i.imgur.com/adBLnLH.png