Our preference: Long positions above 1.015 with targets @ 1.025 & 1.0285 in extension.
Alternative scenario: Below 1.015 look for further downside with 1.01 & 1.005 as targets.
Comment: technically, the RSI is above its neutrality area at 50.
Thread: Usd/Cad
Our preference: Long positions above 1.015 with targets @ 1.025 & 1.0285 in extension.
Alternative scenario: Below 1.015 look for further downside with 1.01 & 1.005 as targets.
Comment: technically, the RSI is above its neutrality area at 50.
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time frame- H1
the price down movement is hold at the support and pivot point at the 1.0195 and here it is again pulll up. this will be move in up direction and try to hit 1.0245 but if this is close below the 1.0195 then it will falling.
good luck.
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Usd/cad analysis for 06.13.2013 by using pivot indicator.
r3: 1.0295
r2: 1.0256
r1: 1.0233
pivot: 1.0194
s1: 1.0171
s2: 1.0132
s3: 1.0109
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we can see in the m30 chart the pair can not close down the broken up trend line
I see the pair will go to up way to 1.0255 stochastic refers that the pair will go up
so our target buy from 1.0205 and our target will 50pips
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I see the pair will go to down way to 1.0108
stochastic refers that the pair will go down
so our target sell from 1.0208 and our target will 100pips
Good luck
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My analysist for usdcad today,13 june 2013 using open market price strategy
buy stop 1.0232 tp 1.0252 sl 1.0172
sell stop 1.0192 tp 1.0172 sl 1.0252
happy enjoy trading...
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hi;;;
time chart:4h
open:1.0185
high:1.0191
low:1.0183
close:1.0190
profit:178
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yes discussion is obviously necessary not only for this pair but all of the pair which you are thinking or trading in the market.actually forex is a business of discussion and a trader who trade in more or share his opinion with others trader they are very much success because discussion is the most important for a trader to do well in the market.
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hi;;
the pair can close down using by fibo (50.0)
and moving average (5)
price:1.0201
will buy:1.0288
point:86pips
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Our Preference: Long position above 1.0030 with 1.0520 & 1.0650 in sight.
Alternative Scenario: Below 1.0030 look for further decline to 0.9625.
Comment: a key rising trend line drawn from the bottom of September 2012 maintains bullish stance.
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