usd/cad technical analysis by using : average directional movement index
+di : 14.6407
-di : 16.4259
adx :25.2299
timeframe : 1 hour
time : 1700
date : 16.10.2012
Thread: Usd/Cad
usd/cad technical analysis by using : average directional movement index
+di : 14.6407
-di : 16.4259
adx :25.2299
timeframe : 1 hour
time : 1700
date : 16.10.2012
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USDCAD remains in downtrend from 0.9884, rise from 0.9734 is treated as correction of downtrend below 0.9734 and disruption could mean the return downtrend signal.
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USD/CAD
SELL
Entry :- .98160
TP1 :- .97708
TP2 :- .97258
SL :- .99067
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
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\\\\\\\The course finally managed to overcome the sliding alligator on the daily chart for so long were not allowed on the north, and now the path is clear and you have to think about the formation of a new north-trend.\\\
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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.
The course finally managed to overcome the sliding alligator on the daily chart for so long were not allowed on the north, and now the path is clear and you have to think about the formation of a new north-trend.
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.
Pair perfectly fulfilled my buy signal yesterday, the course went well to the north, but there is still a power reserve, while my target level of 9875, while planning to make another purchase after a small correction.
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More controlled side of the trades on the pair movement , as the price continues to move around 0.9800, with some minor positive now the impact of positive stochastic.
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The trading range for today is among the key support at 0.9660 and key resistance at 0.9935.
The short term trend is expected to the downside with daily closing below 1.0125 targeting areas of 0.9400.
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0.9000 is the take profit and am sure its heading there.
Its on a reverse side that can help you make some good amount of cash.
you can bid long now.
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Spoiler:
At the H4 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 0.9900
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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