Thread: Usd/Cad
pair- usd/cad
analysis time frame- m30
the stoch indicator is showing overbought as moving level 80 but the price is higher to higher side. the price is break the also moving down side from the 1.1430 level and falling down with breaking the moving average 14. short with take profit at 1.1290 and stop loss at 1.1450
good luck.
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analysis for today 11 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 11 / 3 / 2014
OPEN 1.1283
HIGH 1.1376
LOW 1.1262
CLOSED 1.1358
The third resistance (R3) 1.1376 -( 1.1332 - 1.1262 = 0.0070 x 2 = 0.0140 )= 1.1516
The second Resistance (R2) 1.1332 + 1.1376 - 1.1262 = 1.1446
First resistance (R1) 1.1332 x 2 = 2.2664 - 1.1262 = 1.1402
pivot points 1.1376 + 1.1262 + 1.1358 = 3.3996 / 3 = 1.1332
Support for the first (S1) 1.1332 x 2 = 2.2664 - 1.1376 = 1.1288
Support second (S2) 1.1332 -( 1.1376 - 1.1262 = 0.0114 ) = 1.1218
Third Support (S3) 1.1262 -( 1.1376 - 1.1332 = 0.0044 x 2 = 0.0088 )= 1.1174
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Daily Forecast
Pair : USDCAD
Major Trend : BULLISH
Time Frame : H1
Reason : Linear RSI has not pierced, will be a correction and the price towards 1.1333 pivot point today before prices continue bullish trend
Recomm. Poss : Buy Limit at the pivot point 1.1333
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Daily forecast: USDCAD 04 Nov. 2014.
Technical analysis for Daily forecast of USDCAD 04 November, 2014. In Daily chart USDCAD shows bullish trend. At present USDCAD above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.15854.
Pivot: 1.13321
Resistance levels
R1 1.14021
R2 1.14455
R3 1.15155
R4 1.15854
Support levels
S1 1.12887
S2 1.12187
S3 1.11753
S4 1.11318
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On our USDCAD pair today we can see that the price is taking a upward direction and thats due to the blue dots below the candles if the price kept its position higher than the strong support 1.1146 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 1.1357 .
On the other hand if the price penetrated the support at the level 1.1146 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 1.1027 of the next Pivot level.
.
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analysis for today 11 / 3 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.1238
Retracement (50%) 1.1256
retracement (61,8%) 1.1274
Extensions (61.8%) 1.1088
Extensions (100.0%) 1.1031
Extensions (138.2%) 1.0974
Extensions (161.8%) 1.0938
calculation based on a Fibonacci retracement then today I choose sell
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pair- usd/cad
analysis time frame- m30
the price is making triple top chart pattern having resistance at 1.1310 level and nick line of support at the pivot point 1.1256 level. the macd divergen is higher to lower side so down movement can expected. short with profit target at 1.1180 and stop loss at 1.1330
good luck
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Daily forecast: USDCAD 03 Nov. 2014.
Technical analysis for Daily forecast of USDCAD 03 November, 2014. In Daily chart USDCAD shows bullish trend. At present USDCAD above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.15582.
Pivot: 1.12550
Resistance levels
R1 1.13308
R2 1.14066
R3 1.14824
R4 1.15582
Support levels
S1 1.11792
S2 1.11034
S3 1.10276
S4 1.09518
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analysis for today 11 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 10 / 31 / 2014
OPEN 1.1185
HIGH 1.1331
LOW 1.1181
CLOSED 1.1260
The third resistance (R3) 1.1331 -( 1.1257 - 1.1181 = 0.0076 x 2 = 0.0153 )= 1.1484
The second Resistance (R2) 1.1257 + 1.1331 - 1.1181 = 1.1407
First resistance (R1) 1.1257 x 2 = 2.2515 - 1.1181 = 1.1334
pivot points 1.1331 + 1.1181 + 1.1260 = 3.3772 / 3 = 1.1257
Support for the first (S1) 1.1257 x 2 = 2.2515 - 1.1331 = 1.1184
Support second (S2) 1.1257 -( 1.1331 - 1.1181 = 0.0150 ) = 1.1107
Third Support (S3) 1.1181 -( 1.1331 - 1.1257 = 0.0074 x 2 = 0.0147 )= 1.1034
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Pair : USDCAD
Major Trend : Neutral
Time Frame : TF H4
Reason : Shadow had been formed long ago in Friday.
Recomm. Poss : Sell limit in resistance 1 -> 1.1315
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