Thread: Usd/Cad
Couple came up to resistance level 1.0590, from which steam can rebound and continue to decline to the support level 1.0560 and 1.0490. If the pair manages to break the resistance level, the pair will try to restore growth to the level of 1.0680, where a correction may be followed again.
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Pair = USDCAD
Date = Tuesday, December 17, 2013
Tipe = Pivot Point
Result
R3 = 1.0623
R2 = 1.0608
R1 = 1.0601
PP = 1.0586
S1 = 1.0579
S2 = 1.0564
S3 = 1.0557
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Date: 17 dec-2013
TRADING by using pivot indicator.
indicators today : sell
if price break down LEVEL : 1.0585
the pair will go to :1.0542
and then go to level :1.0504
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Update: 17 December 2013
resistance3: 1.0732
resistance2: 1.0678
resistance1: 1.0623
Key point: 1.0570
support1: 1.0521
support2: 1.0487
support3: 1.0423
sell : 1.0576
Short target: 1.0511
Long target:1.0467
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we can see in the 1h chart
the pair will go up
I see the pair will go to up way to 1.0681
stochastic refers that the pair will go up
so our target buy from 1.0581 and our target will 100pips
Good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
USDCAD pair still has not shown significant movement, so far live in the near term rising channel and the outlook remains bullish light for another rally. We chose to remain cautious on the toppings between 1.0656 and long-term retracement level at 1.0803. On the downside, break of lower channel support (now at 1.0555) will be the first sign of reversal and will turn outlook bearish for 1.0415 support.
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Daily analysis for USDCAD, flat correction up 1.0655 new daily low close to first daily support 1.0580
Elliott 1.0573
Closing 1.0596
Ex-Low 1.0573
Ex-High 1.0596
Support 1 1.0581
Support 2 1.0564
Resistance 1 1.0603
Resistance 2 1.0611
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Pair = USDCAD
Camarilla pivot point
R4 = 1.0605
R3 = 1.0599
R2 = 1.0597
R1 = 1.0595
S1 = 1.0591
S2 = 1.0589
S3 = 1.0587
S4 = 1.0581
Tuesday, December 17, 2013
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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