Thread: Usd/Cad
elliott elongated flat correction up 1.0644 while below 1.0589 - 1.0614 it is more likley to fall futher towards 1.0540 or 1.0517 perature rise above 1.0614 could see it rising above 1,0660 zone
support and resitances
res2 1.0660
res1 1.0614
piovt 1.0563
sup1 1.0517
sup2 1.0465
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We finally manage to break above 1.0560 And this is good enough for me for the next target 1.0660
Remember I post here that break of 1.0395 and then 1.0490 would triggered long trades And so far 160 pips
climb and that is not yet enough we should soon see target of minimum 1.0831 in coming weeks or days
Regards
Check the chart
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how are you
we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 1.0677
stochastic refers that the pair will go up
so our target buy from 1.0577 and our target will 100pips
Good luck
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we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 1.0677
stochastic refers that the pair will go up
so our target buy from 1.0577 and our target will 100pips
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.
usd/cad last day market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 15.41
+di : 25.76
-di : 20.91
adx(21) levels
adx : 17.72
+di : 21.13
-di : 20.38
time : 2300
date : 06.07.2013
timeframe : 1 hour
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The pair are on bullish condition. It was rise about 50 pips at the first week of this month. The pair still below the pivot level, but it may not longer, the price are closed at 1.0560, just 20 pips 1.0540, be attention if the price are break the pivot level and going lower, set long deal if the price are still above the pivot level.
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the pair can close up the up trend line
i see the pair will go to up way to 1.0677
macd refers that the pair will go up
so our target buy from 1.0577 and our target will 100pips
Good luck
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elliott flat correction down 1.0447 it should be subject to more sell off towards 1.0472 or 1.0472 corrective up wards swings should face resistances around 1.0515 area abreak of 1/0600 is bullish
supprt and resistances
res2 1.0600
res1 1.0557
pivot 1.0516
sup1 1.0472
sup2 1.0429
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time chart 4h
usdcad go down with by fibo 38.2
Current Price:1.0574
will go down from:1.0428
profit:150pips
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Hi,,
in the chart 4h we can see the pair will go to down way in the future
I see the pair will go to 1.0437
I expect from this analyze that the price will go to down way
so sell from 1.0567 to 1.0437
good luck
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