Spoiler:
On the H1 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: 0.9466
Thread: Usd/Cad
On the H1 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: 0.9466
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Oscillates pair of the U.S. dollar against the Canadian dollar on the retest level 0.9800 broken barrier price again, reinforcing expectations for the bearish trend and supported by the SMA 50.
Awaited targets start at 0.9600.
Expected trading range for today is between: support at 0.9565 and resistance 0.9885
General tendency is expected for the day: Down
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USD/CAD still in sideways movement from asian market opened until now. Monthly pivot point (0.9795) become barrier point for price to going up. Overbought area with mbfx indicator shown in 0.9803-0.9811. Price may retrace down but weak in this area.
Usd/cad technical analysis for 10.10.2012 by using : Auto pivot indicator.
resistance 3:0.9883
resistance 2:0.9846
resistance 1:0.9815
pivot point :0.9778
support 1:0.9747
support 2:0.9710
support 3:0.9679
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USDCAD has been rejected by the 0.9804 resistance level. But after the rejection, now USDCAD is trying to touch that resistance level again. Then, if USDCAD can break that resistance, it will open a way for USDCAD to continue going up and reach the next resistance level at 0.9862.
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Elliott: elongated flat correction up 0.9847
It looks set for gains to 0.9812. Supports at 0.9764 and 0.9749. A break of 0.9715 will damage this bullish structure.
Warning: Engulfing pattern
Technical points
Key point 0.9790
Entry point 0.9767
Elliott 0.9745
Closing 0.9783
Projection 0.9808
Trendline 0.9776
Trendline 0.9776
Supports / Resistances
Res 2 0.9842
Ex-High 0.9808
Res 1 0.9812
Pivot 0.9779
Sup 1 0.9749
Ex-Low 0.9745
Sup 2 0.9715
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Rates for the U.S. dollar / Canadian dollar in the struggle between the forces of supply and demand in the market, the price moves between a price limit upper and lower limit. If you close a four hours above (0.9811) will open the way to test the next resistance level at (0.9883), and vice versa in the case of closure of any four hours less than (0.9759) will pay this price to test the next support level at 0.9734
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Course decided to once again test the strength of 9800 figure, and again from her pair strayed south, I opened the sale, I think for 9750 should reach a minimum, but if the break through 9750 and then the path to the minimum 9650 will be free.
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Rose USD / CAD after oscillation between SMA 55 and support level at 0.9750
Breached SMA 55 to top up now at 0.9790 levels with the support of the stochastic
If the price broke through 0.9800 and closed above him to expect more of the Ascension, but this might be delayed a little bit of stochastic approaches overbought
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USDCAD in downtrend from 0.9884. A further reduction can be expected after a minor consolidation, and next target would be at 0.9700 area i think. Key resistance is at 0.9884.
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