Usd/Cad

Support & Resistance 29/08/2012

Sup 1 : 0,9918
Sup 2 : 0,9954
Sup 3 : 0,9993

PIVOT : 0,9880

Res 1 : 0,9843
Res 2 : 0,9805
Res 3 : 0,9768

Current development suggests that corrective fall from 1.0445 is not finished yet and deeper decline might be seen. But again, we view fall from 1.0445 as a corrective move and expect strong support ahead of 0.9799 to contain downside and bring reversal. On the upside, above 0.9948 minor resistance will flip bias back to the upside for 1.0065 support turned resistance. Break will confirm completion of corrective fall from 1.0445 and target 1.0231 resistance and above.

Pair resumed its fall repulsed south from the bottom of the Ichimoku cloud, holding the short position is sent to a minimum rate of the month - 9850 + level -, it is about her is my first goal.

BUY FROM: 0.9886, T-1: 0.9898, T-2: 0.9912, T-3: 0.9923
SELL FROM: 0.9865, T-1: 0.9848, T-3: 0.9837, T-3: 0.9822
:good:

http://i50.tinypic.com/e627tt.png

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 0.9715 and key resistance at 1.0000. Based upon my chart analysis, I prefer to buying the pair around 0.9880 with targets 0.9900, 0.9935 then 1.0000 and stoploss with four hour candle closing below 0.9825.

Today the couple took to the formation of the northern wave until further growth there is no obstacle to the resistance level until 9945, from him I'll be selling, waiting for the resumption of the main southern trend.

USD/CAD's fall from 1.0445 might still extend lower. But again, we view fall from 1.0445 as a corrective move and expect strong support ahead of 0.9799 to contain downside and bring reversal. On the upside, above 0.9948 minor resistance will flip bias back to the upside for 1.0065 support turned resistance. Break will confirm completion of corrective fall from 1.0445 and target 1.0231 resistance and above.

USD/CAD bhaimaine is pair mein kabhi bhi trading nahi kari hai, maine bas ek baar is pair ka chart jarur dekha tha, lekin mujhe kuch khaas movement nahi laga, to maine dubara is pair par dheyan nahi diya, mujhe hamesha EUR/USD, aur GBP/USD jayda pasand hai, main is par hi trading karna pasand karta hoon.:D

Support & Resistance 30/08/2012

Sup 1 : 0,9905
Sup 2 : 0,9918
Sup 3 : 0,9938

PIVOT : 0,9885

Res 1 : 0,9873
Res 2 : 0,9852
Res 3 : 0,9840

If you look at the daily chart, the double bottom formation significantly, a pair of fighting off competition from 9850 now support continues to form the northern wave, MASD showed a buy signal, confirmation of the reversal will breakdown 9942.