elliott flat correction down 1.0151 ther are initial signs of a good corrective recovery towards 1.0233 or even 1.0242 support at 1.0206 and 1.0188
support and resistances
res2 1.0277
res1 1.0242
pivot 1.0223
sup1 1.0188
sup2 1.0169
Thread: Usd/Cad
elliott flat correction down 1.0151 ther are initial signs of a good corrective recovery towards 1.0233 or even 1.0242 support at 1.0206 and 1.0188
support and resistances
res2 1.0277
res1 1.0242
pivot 1.0223
sup1 1.0188
sup2 1.0169
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Usd/cad pivot levels for today by using : fibonacci pivot indicator.
r3: 1.0280
r2: 1.0258
r1: 1.0245
pivot : 1.0223
s1: 1.0201
s2: 1.0188
s3: 1.0166
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Here is my daily analysis for 17 april, using simple method, based open price
buy stop 1.0228 tp 1.0248 sl 1.0168
sell stop 1.0188 tp 1.0168 sl 1.0248
happy enjoy trading!!!
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Usd/cad analysis for 04.17.2013 by using pivot indicator.
r3: 1.0295
r2: 1.0276
r1: 1.0241
pivot: 1.0222
s1: 1.0187
s2: 1.0168
s3: 1.0133
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i think experienced people and traders should trade in usd/cad as more analysis and forecasting is required for this combination for fresh and small investors eur/usd are recommended
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From 00:24 17-Apr-2013 GMT
Till 04:24 17-Apr-2013 GMT
Buy
Buy at 1.0207
Take profit* at 1.0258
Stop loss at 1.0178
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proceed from the signal that I predicted last night that the price is able to back up but managed to fall back, the USDCAD currency pair this morning is in the pivot area where the state of an uptrend or downtrend can not we read before entering area price buyer or seller
The following signal today, buy stop orders in 1.0242 and 1.0202 sell stop orders in each order must be included with the profit target of 20 pips and 40 pips stoplose
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we can see in the 1d chart
the pair trading down the 50.0
I see the pair will go to down way to 1.0068
rsi refers that the pair will go down
so our target sell from 1.0219 and our target will 150pips
Good luck
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we can see in the 1h chart
the pair trading down the 50.0
I see the pair will go to down way to 1.0168
stochastic refers that the pair will go down
so our target sell from 1.0209 and our target will 39pips
Good luck
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we can see in the 1d chart
the pair trading down the 50.0
I see the pair will go to down way to 1.0069
rsi that the pair will go down
so our target sell from 1.0212 and our target will 140pips
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.
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