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eur/cad market analysis by using : average directional movement
index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 9.11
+di : 17.54
-di : 14.84
adx(14) levels
adx : 24.22
+di : 16.68
-di : 8.57
time : 1700
date : 25.07.2013
timeframe : 1 hour
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today i like to sell this pair @ 1.3620
my stop loss of the day @ 1.3653
half take profit for today @ 1.3600
and further half take profit @ 1.3576
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The pair intraday analysis at H1 using williams percentage range and moving average are showing the pair on bearish trend. It may continue today, if the pair still traded below the pivot level. Try to find good resistance and set Short order on it. Today SNR :
R3 : 1.3733
R2 : 1.3694
R1 : 1.3652
Pivot : 1.3611
S1 : 1.3570
S2 : 1.3530
S3 : 1.3490
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how are you
we can see in the 4h chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 1.3518
rsi refers that the pair will go down
so our target sell from 1.3601 and our target will 82pips
---------- Post added at 06:34 PM ---------- Previous post was at 05:43 PM ----------
hi
we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 1.3715
rsi refers that the pair will go up
so our target buy from 1.3615 and our target will 100pips
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time frame- H1
the price is rejected from the 1.3640 but it is hold at the daily support 1.3577. the up movement of the price is rejected from the 1.3630 and again turn to the down trend side. this will be break the support at 1.3577 and move to the 1.3550. short this pair with the stop loss at 1.3650
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.
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.
EUR / CAD broke today on the growth of monthly resistance level 1.3639, but failed to gain a foothold above the price rebounded. This rebound seen as a signal to reduce, and may enter an order to set down with a short stop above the 200-th moving average. The expected downward objective 1.3545.
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.
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.
Eur/cad pivot levels for 24.07.2013 by using fibonacci pivot indicator.
resistant 1:1.3665
resistant 2:1.3644
resistant 3:1.3630
pivot point :1.3608
support 1:1.3587
support 2:1.3573
support 3:1.3551
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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