Usd/Cad

[romannil]

Usd/cad technical analysis for 31.10.2012 by using : Auto pivot indicator.

resistance 3:1.0055
resistance 2:1.0038
resistance 1:1.0015

pivot point :0.9998

support 1:0.9975
support 2:0.9958
support 3:0.9935

[great white]

USDCAD’s upward movement from 0.9763 extends to as high as 1.0019. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the upward movement could be expected to continue, and next target would be at 1.0050 area. On the downside, a clear break below the channel support will suggest that a cycle top is being formed, then pullback to 0.9800-0.9850 area could be seen.

[nurdiantofxwave]

USD/CAD able to block the rate of decrease trend. since yesterday, price fell down otherwise in previous day, price can rise strong. this condition affect to change of trend in short term from up to down. Price may still move bearish today.

[raihan8212]

The U.S. dollar came off a three-month high against the Canadian dollar in on Tuesday, falling below parity in light, thin trade as U.S. markets remained closed for a second day in the wake of Hurricane Sandy.

USD/CAD hit 0.9992 during early U.S. trade, the session low; the pair subsequently consolidated at 0.9992, shedding 0.18%.

The pair was likely to find support at 0.9941, Friday�s low and resistance at 1.0017, the session high and the pair�s highest since August 3.

Market sentiment was boosted after the initial damage caused by the massive storm appeared to have been less severe that some had feared.

In Canada, official data showed that producer prices rose for the first time in five months in September.

Statistics Canada said producer price inflation rose by 0.5%, ahead of expectations for a 0.2% increase. The cost of raw materials for manufacturing was up 1.3% in September, outstripping expectations for a 1.1% increase.

Concerns over the fiscal and economic outlook for Spain persisted after official data showed that the country�s economy contracted by 0.3% in the third quarter, extending the recession into a fourth quarter.

The data came one day after Spanish Prime Minister Mariano Rajoy said he would request a bailout "when I think it is in the interests of Spain".

[najmul.djd]

usd/cad technical analysis by using : average directional movement index

adx : 37.9560
+di : 6.1464
-di : 24.6101
timeframe : 1 hour

time : 1800
date : 30.10.2012

[forexking2]

The trading range for today is among the key support at 0.9800 and the key resistance at 1.0045.

The short term trend is to the downside steady daily closing below the levels of 1.0125, with targets at 0.9400

[Emma]

Formed several sell signals: a pair changed the trend on the hourly chart, held breakthrough sliding alligator, the daily chart - stochastics sell signal, as a pair of not consolidated above 1.0000 figure.

[Alex]

While the breakdown of 1.0000 figures are not marked by strong growth, the pair again looking south, MASD formed divergence plan to sell at below capacity 1.0000 figure, will consider buying a breakout 1.0020 (high of the day).

[hictor23]

USD/CAD
SELL
Entry :- 1.00080
TP1 :- .99685
TP2 :- .99291
SL :- 1.00872
Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[forexking2]

usd/ cad continued positive control of the pair trading which is now approaching resistance of the sideway range at 1.0030, coinciding with the stochastic entering overbought areas, adding strength to the mentioned resistance.