SubscribeAnalysis for today13/12/2013
Resistance4: 1.1034
Resistance3: 1.0986
Resistance2: 1.0943
Resistance1: 1.0690
Pivot Point: 1.0645
Support 1: 1.0601
Support 2: 1.0552
Support 3: 1.0511
Support4: 1.0487
Good luck
Thread: Usd/Cad
Analysis for today13/12/2013
Resistance4: 1.1034
Resistance3: 1.0986
Resistance2: 1.0943
Resistance1: 1.0690
Pivot Point: 1.0645
Support 1: 1.0601
Support 2: 1.0552
Support 3: 1.0511
Support4: 1.0487
Good luck
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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.
today i like to buy this pair @ 1.0642
my stop loss of the day @ 1.0630
half take profit for today @ 1.0660
and further half take profit @ 1.0685
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the pair price already touched daily resistance 1 level 1.0680
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 1.0610
so sell now from 1.0654
the pivot point will be my target
stop loss will be above the resistance 1 level 1.0680
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On the downside, below 1.0560 will turn focus back to 1.0548 support channels. Sustained break lower channel support will be the first sign of reversal and will turn outlook bearish for 1.0415 strong dukungan.Pemulihan suggests that retreat from 1.0706 might be finished at 1.0560 already. The intraday bias is slightly on the upside for 1.0706. Rest will continue the rally that is greater than 0.9633. Although, we would remain cautious on topping between 1.0656 and long-term retracement level at 1.0803.
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USD/CAD found support 2 pips over the support we had mentioned yesterday. The pair jumped up strongly from 1.0561 to touch 1.0656 before falling into a sideways mode. Our overall outlook stays bullish for USD/CAD but initially we stay neutral. On the downside a support is now expected at 1.0620. If this support holds then a break over 1.0660 should take the pair to retest 1.0700 first and with a break over 1.0708 the next target should be 1.0750. Any failure of 1.0620 support should bring another correction towards 1.0584 support first but as long as the price action stays above 1.0561, our focus will be for upside
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USD/CAD
analysis for today 13 / 12 / 2013
Resistance 3 1.0755
Resistance 2 1.0725
Resistance 1 1.0705
Pivot Point 1.0639
Support 1 1.0570
Support 2 1.0550
Support 3 1.0520
SELL 1.0570 STOP LOSS 1.0705 TAKE PROFIT 1.0550 OR 1.0520
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Date: 13-12-2013
Time frame: 1h
High and low prices
High today is: 1.4639
Low today is: 1.4603
Total pips today: 36
So sell from: 1.4632
Our target 1 is: 1.4570
Our target 2 is: 1.4512
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Trading analysis for 13th Dec, 2013. USDCAD in DAILY chart shows bullish trend. At present the price is above the pivot point. Long on reversal and put a target of take profit of 1st resistance i.e., 1.06748. If 1st resistance breaks then next strong resistance is 1.08274.
Pivot: 1.06172
Resistance levels
R1 1.06748
R2 1.07121
R3 1.07697
R4 1.08274
Support levels
S1 1.05799
S2 1.05223
S3 1.04850
S4 1.04478
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today 13th December
S3=1.0627
S2=1.0634
S1=1.0638
P=1.0640
R1=1.0644
R2=1.0646
R3=1.0652
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