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Thread: Analysis of USD/CAD

  1. #1
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    Default Analysis of USD/CAD

    The pair is moving uptrend and now it get around the level of 0.9920-60 in the chart of H4.
    The pivot point is 0.9929
    The level of support are 0.9862 0.9888 0.9902
    The level of resistance are 0.9955 0.9970 0.9996
    Moving Average Convergence Divergence MACD : 0.0006 (indicating buy)
    Commodity Channel Index CCI(14) :78.71 (indicating buy)
    Average Exponential Indicator ADX(14) : 22.55 (indicating buy)
    Relative Strength Index RSI(14) : 58.05(indicating buy)

  2. #2
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    Default

    As the down trend began in USD/CAD the price action was very clear on Friday which was mostly dominated by the down move. At the end of the day the price raised from 0.9921 and gave a strong move, i think this move will last till 0.9984 which an another resistant point. It would be hard for the price to break that point of 0.9984 at the start of monday.
    Last edited by pedrosa; 11-02-2012 at 10:54 PM.

  3. #3
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    Default

    The pair is behaving bullish and moves between the level 1.0000-20 in the chart of H1.
    The supports
    0.9999
    1.0003
    1.0006
    The pivot point
    1.0010
    The resistances
    1.0014
    1.0017
    1.0021

    MACD : 0.0003 (indicating buy)
    CCI(14) : 53.97 (indicating buy)
    RSI(14) : 58.72 (indicating buy)
    ADX(14) : 18.26 (indicating buy)

  4. #4
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    Default

    The pair is behaving bearich and moves between the level 1.0020-00 in the chart of H1.
    The supports
    1.0001
    1.0005
    1.0008
    The pivot point
    1.0012
    The resistances
    1.0016
    1.0019
    1.0023

    MACD : -0.0003 (indicating sell)
    CCI(14) : -162.15 (indicating sell)
    RSI(14) : 38.62 (indicating sell)
    ADX(14) : 22.03 (indicating sell)

  5. #5
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    Default

    With 0.9947 minor support intact, further rise is still expected in USD/CAD. Current rebound from 0.9633 should target 61.8% retracement of 1.0455 to 0.9633 at 1.0141 next. On the downside, though, below 0.9947 will flip bias back to the downside for 0.9874 support. Break will argue that rebound from 0.9633 is finished and will bring deeper fall.

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    Default

    With 4 hours MACD crossed below signal line, intraday bias in USD/CAD is turned neutral and some more consolidations could be seen below 1.0041. Nonetheless, as long as 0.9947 support holds, further rally is still in favor. Above 1.0041 will extend the rebound from 0.9633 to 61.8% retracement of 1.0455 to 0.9633 at 1.0141 next. On the downside, though, below 0.9947 will flip bias back to the downside for 0.9874 support. Break will argue that rebound from 0.9633 is finished and will bring deeper fall.

  7. #7
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    Default

    Trend on look bearish. On my see - this can be more bearish if the seller here then can break down too to that 23.6 fibo (bellow price now - near 1.0002).

  8. #8
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    Default

    The pair is bullish and moves between the level 0.9980-00 in the chart of H1.
    The supports
    0.9971
    0.9976
    0.9979
    The pivot point
    0.9984
    The resistances
    0.9989
    0.9992
    0.9997

    MACD : 0.0002 (indicating buy)
    CCI(14) : 144.37 (indicating buy)
    RSI(14) : 55.44 (indicating buy)
    ADX(14) : 29.96 (indicating buy)

  9. #9
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    Default

    The pair is bullish and moves between the level 0.9950-80 in the chart of H1.
    The supports
    0.9969
    0.9971
    0.9973
    The pivot point
    0.9975
    The resistances
    0.9977
    0.9979
    0.9981

    MACD : 0.0003 (indicating buy)
    CCI(14) : 87.50 (indicating buy)
    RSI(14) : 56.27 (indicating buy)
    ADX(14) : 11.87 (indicating sell)

  10. #10
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    Default

    The pair is behaving bearich and moves between the level 0.9950-00 in the chart of H1.
    The supports
    0.9917
    0.9920
    0.9923
    The pivot point
    0.9926
    The resistances
    0.9929
    0.9932
    0.9935

    MACD : -0.0004 (indicating sell)
    CCI(14) : -106.81 (indicating sell)
    RSI(14) : 41.56 (indicating sell)
    ADX(14) : 18.05 (indicating sell)

  11. #11
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    Default

    The pair is bullish and moves between the level 0.9840-60 in the chart of H1.
    The supports
    0.9861
    0.9862
    0.9863
    The pivot point
    0.9864
    The resistances
    0.9865
    0.9866
    0.9867

    MACD : 0.0004 (indicating buy)
    CCI(14) : 44.89 (indicating buy)
    RSI(14) : 53.65 (indicating buy)
    ADX(14) : 19.57 (indicating buy)

  12. #12
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    Default

    The pair is bullish and moves between the level 0.9830-60 in the chart of H1.
    The supports
    0.9849
    0.9851
    0.9852
    The pivot point
    0.9854
    The resistances
    0.9856
    0.9857
    0.9859

    MACD : 0.0003 (indicating buy)
    CCI(14) : 132.56 (indicating buy)
    RSI(14) : 59.78 (indicating buy)
    ADX(14) : 27.32 (indicating buy)

  13. #13
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    Default

    The pair is behaving bearich and moves between the level 0.9890-50 in the chart of H1.
    The supports
    0.9869
    0.9872
    0.9873
    The pivot point
    0.9876
    The resistances
    0.9879
    0.9880
    0.9883

    MACD : -0.0002 (indicating sell)
    CCI(14) : -153.73 (indicating sell)
    RSI(14) : 44.29 (indicating sell)
    ADX(14) : 23.32 (indicating sell)

  14. #14
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    Default

    The pair is bullish and moves between the level 0.9910-30 in the chart of H4.
    The supports
    0.9912
    0.9923
    0.9929
    The pivot point
    0.9940
    The resistances
    0.9951
    0.9957
    0.9968

    MACD : 0.0016 (indicating buy)
    CCI(14) : 159.35 (indicating buy)
    RSI(14) : 75.89 (indicating buy)
    ADX(14) : 41.63 (indicating buy)

  15. #15
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    Default

    The pair is bullish and moves between the level 0.9930-50 in the chart of H4.
    The supports
    0.9913
    0.9923
    0.9930
    The pivot point
    0.9940
    The resistances
    0.9950
    0.9957
    0.9967

    MACD : 0.0011 (indicating buy)
    CCI(14) : 108.97 (indicating buy)
    RSI(14) : 64.51 (indicating buy)
    ADX(14) : 35.49 (indicating buy)

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