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USD-CAD
USD/CAD Technical Analysis - May/16
Written by Praful Patat   
Monday, 16 May 2011 04:56

USDCAD reversed from 61.8% (0.9541), extension 0.9786, 0.9880 area, also confirm Head and Shoulder pattern on 4 hour chart. USDCAD break of 0.9744 resistance further going up side toward 0.9786 on intraday. In USDCAD minor resistance is at 0.9767 also 61.8% of 0.9973 to 0.9437, if USDCAD will reverse from 0.9767 then extension is 0.9289, 0.9102 in bigger range.

Pivot Point: R3-0.9817, R2-0.9764, R1-0.9731, PP-0.9678, S1-0.9625, S2-0.9592, S3-0.9539.

 

 

USD/CAD Technical Analysis - May/06

By Prful Patat   05:00 GMT

USDCAD is still in down trend zone. USDCAD retraced 50.0% (.9705) of 0.9973 to 0.9434, 61.8% is at (0.9768). USDCAD break of 0.9768 resistances, further going up side toward 0.9858 on intraday and stay above 0.9858 then up trend start. USDCAD break of 0.9563, next target will be 0.9509 on intraday. In bigger range USDCAD revered from 38.2% (0.9692), extension 127.2% (0.9404), 161.8% (0.9247) on daily chart.

New High:  0.9689, 0.9762, 0.9739.

New Low:   0.9544, 0.9617, 0.9594.

Pivot Point: R3-0.9793, R2-0.9737, R1-0.9703, PP-0.9648, S1-0.9593, S2-0.9559, S3-0.9503.

 

 

USD/CAD Technical Analysis - May/05

By Prful Patat   05:00 GMT

USDCAD
USDCAD is still in down trend zone. Break of 0.9720 daily resistance trend will be change. USDCAD retraced 50.0% (.9578) of 0.9720 to 0.9434, 61.8% is at (0.9612). USDCAD break of 0.9612 resistances, further going up side toward 0.9658 on intraday and stay above 0.9658 then up trend start and going up side toward 0.9720 next targets. In bigger range USDCAD revered from 38.2% (0.9692), extension 127.2% (0.9404), 161.8% (0.9247) on daily chart.

New High:  0.9596, 0.9646, 0.9640.

New Low:   0.9497, 0.9547, 0.9541.

Pivot Point: R3-0.9664, R2-0.9626, R1-0.9603, PP-0.9565, S1-0.9527, S2-0.9504, S3-0.9466.

 

 

USD/CAD Technical Analysis - May/04

By Praful Patat   05:00 GMT

USDCAD is consolidation on 4hour chart. Break of 0.9560 resistances further going up side toward 0.9632 and break of 0.9465 supports, next will be 0.9381 on intraday. USDCAD reversed from 161.8% extension (0.9427) of 0.9666 to 1.0056. USDCAD will retrace toward 0.9544-0.9612 area and break of 0.9665 resistances further going up side toward 0.9641-0.9768 area. If USDCAD won’t break of 0.9551 resistances down trend will be progress. In bigger range USDCAD revered from 38.2% (0.9692), extension 127.2% (0.9404), 161.8% (0.9247) on daily chart.

New High:  0.9534, 0.9575, 0.9568.

New Low:   0.9451, 0.9492, 0.9485.

Pivot Point: R3-0.9591, R2-0.9560, R1-0.9540, PP-0.9508, S1-0.9476, S2-0.9457, S3-0.9425.

 

 

USD/CAD Technical Analysis - May/03

By Prfaul Patat   05:00 GMT

USDCAD is consolidation on 4 hour chart, break of 0.9456 support, next target will be 0.9381 and break of 0.9557 resistance further going up side toward 0.9641. USDCAD is near to extension 127.2% at 0.9404 of 0.9523 to 0.9973, 161.8% (.9254) still in progress. If USDCAD reverse from 0.9404-0.9381 area then retracement possible toward 0.9522, 0.9595 area. USDCAD strong resistance is at 0.9563 break of 0.9563 down trend change as neutral up trend. In bigger range USDCAD revered from 38.2% (0.9692), extension 127.2% (0.9404), 161.8% (0.9247) on daily chart.

New High:  0.9511, 0.9551, 0.9545.

New Low:   0.9432, 0.9472, 0.9466.

Pivot Point: R3-0.9566, R2-0.9536, R1-0.9517, PP-0.9486, S1-0.9456, S2-0.9437, S3-0.9406.

 

 

USD/CAD Technical Analysis - May/02

By Praful Patat   05:00 GMT

USDCAD is near to extension 127.2% at 0.9404 of 0.9523 to 0.9973, 161.8% (.9254). USDCAD break of 0.9404 next target will be 0.9381 on intraday and if not break of 0.9404 then retracement possible toward 0.9525, 0.9598 areas. USDCAD strong resistance is at 0.9563 break of 0.9563 down trend change as neutral up trend. In bigger range USDCAD revered  from 38.2% (0.9692), extension 127.2% (0.9404), 161.8% (0.9247) on daily chart.

New High:  0.9499, 0.9551, 0.9501.

New Low:   0.9394, 0.9446, 0.9396.

Pivot Point: R3-0.9585, R2-0.9545, R1-0.9520, PP-0.9480, S1-0.9440, S2-0.9415, S3-0.9375.

 

 

USD/CAD Technical Analysis - 29/April

By Praful Patat    05:00 GMT

USDCAD is consolidation on 4 hour chart; break of 0.9454 next target will be 0.9427 on intraday. USDCAD strong resistance is at 0.9563 break of 0.9563 down trend change as neutral up trend. USDCAD reversed from 38.2% (.9555) of 0.9720 to 0.9453 extensions at 0.9381, 0.9288 still in progress. USDCAD will reverse from 0.9427-0.9405 area again on up side. USDCAD break of 0.9427 support then next target will be 0.9381 on intraday.

New High:  0.9513, 0.9541, 0.9534.

New Low:   0.9456, 0.9484, 0.9477.

Pivot Point: R3-0.9553, R2-0.9531, R1-0.9518, PP-0.9495, S1-0.9474, S2-0.9460, S3-0.9438.

 

 

USD/CAD Technical Analysis - 28/April

By Praful Patat   05:00 GMT

USDCAD reversed from strong resistance 0.9575 and going toward extension. USDCAD reversed from 38.2% (.9555) of 0.9720 to 0.9453 extensions at 0.9381, 0.9288 still in progress. USDCAD will reverse from 0.9427-0.9405 area again on up side. USDCAD break of 0.9427 support then next target will be 0.9381 on intraday. In bigger range USDCAD is down trend on daily chart.

New High:  0.9536, 0.9582, 0.9542.

New Low:   0.9445, 0.9491, 0.9451.

Pivot Point: R3-0.9609, R2-0.9574, R1-0.9553, PP-0.9518, S1-0.9484, S2-0.9462, S3-0.9428.

 

 

USD/CAD Technical Analysis - 26/April

By Praful Patat   05:00 GMT

USDCAD reversed from 38.2% (.9555) of 0.9720 to 0.9453 extension at 0.9381, 0.9288. USDCAD reversed from 38.2% (0.9696) of 0.9973 to 0.9427, extension 127.2% (0.9404), 161.8% (0.9248) on daily chart still in progress. In USDCAD strong support is at 0.9502 break of this support further going down side toward extension and break of 0.9572 resistance going up side toward 0.9681 on intraday.

New High:  0.9552, 0.9580, 0.9572.

New Low:   0.9495, 0.9523, 0.9515.

Pivot Point: R3-0.9592, R2-0.9570, R1-0.9557, PP-0.9535, S1-0.9513, S2-0.9499, S3-0.9477.

 

USD/CAD Technical Analysis - 25/April

By Praful Patat  05:00 GMT

USDCAD is doing side way movement on 1 hour chart, break of 0.9545 resistance further going up side toward 0.9581 and break of .9506 support further going down side toward 0.9465 on intraday. USDCAD reversed from 38.2% (0.9696) of 0.9973 to 0.9427, extension 127.2% (0.9404), 161.8% (0.9248) on daily chart still in progress. USDCAD is forming Head and Shoulder pattern on 15min chart, confirm after going up side toward 0.9584 then come down to .9536 and reverse from .9536.

New High:  0.9543, 0.9557, 0.9554.

New Low:   0.9515, 0.9529, 0.9526.

Pivot Point: R3-0.9562, R2-0.9551, R1-0.9545, PP-0.9534, S1-0.9523, S2-0.9517, S3-0.9506.

 

 

USD/CAD Technical Analysis - 21/April

By Praful Patat   05:00 GMT

USDCAD reversed from 38.2% (0.9696) of 0.9973 to 0.9427, extension 127.2% (0.9404), 161.8% (0.9248) on daily chart still in progress. In USDCAD retracement will be possible on intraday after break of 0.9523 resistance, otherwise continues going down side toward extension 0.9402. USDCAD break of 0.9523 then next will be 0.9572 on intraday.

New High:  0.9544, 0.9577, 0.9557.

New Low:   0.9478, 0.9511, 0.9491.

Pivot Point
: R3-0.9594, R2-0.9568, R1-0.9553, PP-0.9528, S1-0.9502, S2-0.9487, S3-0.9461.

 

 

USD/CAD Technical Analysis - 20/April

By Praful Patat   05:00 GMT

USDCAD reversed from 38.2% (0.9696) of 0.9973 to 0.9427, extension at 0.9404, 0.9248 on daily chart. USDCAD break of 0.9527 support next target will be 0.9435 on intraday. Now in USDCAD retracement possible toward 0.9572 and then again will go down side. In USDCAD strong resistance is at 0.9656 break of this level further going up side toward 0.9801 next.

New High:  0.9614, 0.9674, 0.9620.

New Low:   0.9494, 0.9554, 0.9500.

Pivot Point: R3-0.9710, R2-0.9665, R1-0.9636, PP-0.9591, S1-0.9545, S2-0.9517, S3-0.9472.

 

 

USD/CAD Technical Analysis - 19/April

By Praful Patat   05:00 GMT

USDCAD reversed from 127.2 (0.9565) of 0.9666 to 1.0058 161.8% (0.9427). Now USDCAD is retracing toward 0.9695, 0.9801, if USDCAD will reverse from 0.9695, 0.9801 area, extension at 0.9404, 0.9251. In USDCAD support is at 0.9600 if price will go 0.9600 and reverse from 0.9600 then garltey pattern  will form on 4 hour chart. USDCAD break of 0.9565 neutral up trend line, further going down side toward 0.9425.

New High:  0.9681, 0.9749, 0.9708.

New Low:   0.9545, 0.9613, 0.9572.

Pivot Point: R3-0.9784, R2-0.9732, R1-0.9700, PP-0.9648, S1-0.9595, S2-0.9564, S3-0.9512.

 

 

USD/CAD Technical Analysis - 18/April

By Praful Patat   05:00 GMT

USDCAD is consolidation on 4 hour chart. In USDCAD strong resistance is at 0.9656, break of this resistance further going up side toward 0.9693, 0.9763 area on intraday, otherwise continues going down side toward extension.  USDCAD retraced from 0.9692 to 0.9525 61.8% at 0.9628, extension at 0.9482, 0.9421 area still in progress. In USDCAD minor resistance is at 0.9656 break of 0.9656 then trend change and retracing 0.9693, 0.9801 area. USDCAD break of 0.9595 neutral up trend line, further going down side toward 0.9425 and then retracement possible from 0.9427 extension.

New High:  0.9620, 0.9654, 0.9625.


New Low:   0.9553, 0.9587, 0.9558.

Pivot Point
: R3-0.9674, R2-0.9648, R1-0.9632, PP-0.9607, S1-0.9581, S2-0.9565, S3-0.9540.

 

 

USD/CAD Technical Analysis - 15/April

By Praful Patat    05:00 GMT

USDCAD not break of 0.9656 resistance, possible again down trend start toward 0.9427 extension. USDCAD broke neutral down trend line on 1 hour chart, also backed test trend line and reverse from trend line toward extension.  USDCAD retraced from 0.9692 to 0.9525 61.8% at 0.9628, extension at 0.9482, 0.9421 area still in progress. In USDCAD minor resistance is at 0.9656 break of 0.9656 then trend change and retracing 0.9693, 0.9801 area. If USDCAD will going down side at 0.9427 then retracement will be possible immediately. USDCAD break of 0.9595 neutral up trend line, further going down side toward 0.9425 and then retracement possible from 0.9427 extension.

New High:  0.9641, 0.9678, 0.9649.

New Low:   0.9566, 0.9603, 0.9574.

Pivot Point: R3-0.9700, R2-0.9671, R1-0.9653, PP-0.9624, S1-0.9596, S2-0.9578, S3-0.9549.

 

 

USD/CAD Technical Analysis - 14/April

By Praful Patat    05:00 GMT

USDCAD is consolidation on 1 hour chart. USDCAD broke neutral down trend line on 1 hour chart, also backed test trend line reverse from trend line toward extension.  USDCAD retraced from 0.9692 to 0.9525 61.8% at 0.9628, extension at 0.9482, 0.9421 area still in progress. In USDCAD minor resistance is at 0.9656 break of 0.9656 then trend change and retracing 0.9693, 0.9801 area, possible break on up side as consolidation mode. If USDCAD will going down side at 0.9427 then retracement will be possible immediately. USDCAD break of 0.9565 support, further going down side toward 0.9425 in bigger range and then retracement possible from 0.9427 extension.

New High:  0.9643, 0.9683, 0.9661.

New Low:   0.9563, 0.9603, 0.9581.

Pivot Point: R3-0.9690, R2-0.9663, R1-0.9646, PP-0.9620, S1-0.9593, S2-0.9576, S3-0.9550.

 

USD/CAD Technical Analysis - 13/April

By Praful Patat        05:00 GMT

USDCAD is doing sideway movement on 1 hour chart. USDCAD retraced from 0.9692 to 0.9525 61.8% at 0.9628, extension at 0.9482, 0.9421 area still in progress. In USDCAD minor resistance is at 0.9656 break of 0.9656 then trend change and retracing 0.9693, 0.9801 area. If USDCAD will going down side at 0.9427 then retracement will be possible immediately. USDCAD break of 0.9565 support, further going down side toward 0.9425 in bigger range and then retracement possible from 0.9427 extension.

New High:  0.9645, 0.9696, 0.9683.

New Low:   0.9543, 0.9594, 0.9581.

Pivot Point: R3-0.9716, R2-0.9677, R1-0.9653, PP-0.9614, S1-0.9575, S2-0.9551, S3-0.9512.

 

 

USD/CAD Technical - 12/ April

By Praful Patat

USDCAD retraced from 0.9692 to 0.9525 61.8% at 0.9628, extension at 0.9482, 0.9421 area. In USDCAD minor resistance is at 0.9556. If USDCAD will going down side at 0.9427 then retracement will be possible immediately. USDCAD break of 0.9565 support, further going down side toward 0.9425 in bigger range and then retracement possible from 0.9427 extension.

Strategy: USDCAD 0.9605 target 0.9567, 0.9427 with stop loss 0.9670.

New High:  0.9570, 0.9588, 0.9582

New Low:   0.9537, 0.9554, 0.9548

Pivot Point: R3-0.9596, R2-0.9582, R1-0.9574, PP-0.9561, S1-0.9548, S2-0.9539, S3-0.9526.

 

Forex Trading EVO - USD/CAD Technical - 08/April

By Praful Patat

USDCAD is continues going down side toward extension at 0.9492 next target,  also 127.2 %( 0.9565), 161.8% (0.9427) extension of 0.9665 to 1.0056. USDCAD will back from 0.9565 for retrace or continues going down side toward extension.  In USDCAD minor support is at 0.9536. If USDCAD will going down side at 0.9427 then retracement will be possible immediately. USDCAD break of 0.9565 support, further going down side toward 0.9425 in bigger range and if retrace from extension then 0.9748, 0.9834 area possible.

Strategy: USDCAD buy from support or sell from resistance.

New High:  0.9603, 0.9630, 0.9610

New Low:   0.9550, 0.9577, 0.9557

Pivot Point: R3-0.9645, R2-0.9625, R1-0.9612, PP-0.9592, S1-0.9571, S2-0.9558, S3-0.9541.

 

Forex Trading EVO - USD/CAD Technical - 07/April

By Praful Patat

USDCAD backed from extension 161.8% at 0.9610 from 0.9836 to 1.0207, but still in down trend zone. USDCAD break of 0.9644 then retrace otherwise continues going down side toward extension at 0.9492 next target,  also 127.2 %( 0.9565), 161.8% (0.9427) extension of 0.9665 to 1.0056. USDCAD break of 0.9565 support, further going down side toward 0.9425 in bigger range and if retrace from extension then 0.9748, 0.9834 area possible.

Strategy: USDCAD buy from support or sell from resistance.

New High:  0.9624, 0.9661, 0.9644

New Low:   0.9551, 0.9588, 0.9571

Pivot Point
: R3-0.9678, R2-0.9650, R1-0.9633, PP-0.9605, S1-0.9577, S2-0.9560, S3-0.9541.

 

Forex Trading EVO - USD/CAD Technical - 05/April

By Praful Patat

USDCAD is consolidation on 1 hour chart. USDCAD backed from extension 161.8% at 0.9610 from 0.9836 to 1.0207, but still in down trend zone. USDCAD break of 0.9697 then retrace otherwise continues going down side toward extension at 0.9565 next target,  also 127.2 %( 0.9565) extension of 0.9665 to 1.0056. USDCAD break of 0.9565 support, further going down side toward 0.9425 in bigger range and if retrace from extension then 0.9748, 0.9834 area possible.

Strategy: USDCAD buy 0.9670 area target 0.9698, .9727 with stop loss 0.9535.

New High:  0.9678, 0.9714, 0.9705

New Low:   0.9605, 0.9641, 0.9632

Pivot Point: R3-0.9729, R2-0.9701, R1-0.9684, PP-0.9656, S1-0.9628, S2-0.9610, S3-0.9582.

 

USD/CAD Technical - 04/April

By Prafuk Patat

USDCAD is near to extension 161.8% at 0.9610 from 0.9836 to 1.0207, also 127.2 %( 0.9565) extension of 0.9665 to 1.0056. USDCAD is possible back from extension and retrace from extension. USDCAD break of 0.9565 support, further going down side toward 0.9425 in bigger range and if retrace from extension then 0.9748, 0.9834 area possible.


Strategy: USDCAD buy 0.9565-0.9610 area target 80-120 pip stop loss 0.9535.

New High
:  0.9667, 0.9707, 0.9670

New Low:   0.9587, 0.9627, 0.9590

Pivot: R3-0.9732, R2-0.9702, R1-0.9683, PP-0.9653, S1-0.9623, S2-0.9605, S3-0.9575.

 
USD-CAD Technical - 29/March
Written by Praful Patat   
Tuesday, 29 March 2011 04:55

 

USDCAD is doing sideway movement on 4 hour chart. Also USDCAD is forming triangle on 1 hour chart, break of 0.9743 support further going down side toward 0.9717, 0.9687 and break of 0.9783 resistance going up side toward 0.9806 on intraday. USDCAD backed from 0.9962 (Fib No. 78.6%), extension 0.9561, 0.9424 still in progress on daily chart. In USDCAD strong support at 0.9738 break of this support next target will extension.
Strategy: USDCAD sell at 0.9770 target 0.9717, 0.9690 stop loss 0.9822
New High:  0.9801, 0.9842, 0.9820
New Low:   0.9719, 0.9760, 0.9738
R3-0.9862, R2-0.9831, R1-0.9812, PP-0.9780, S1-0.9749, S2-0.9729, S3-0.9698.

USDCAD is doing sideway movement on 4 hour chart. Also USDCAD is forming triangle on 1 hour chart, break of 0.9743 support further going down side toward 0.9717, 0.9687 and break of 0.9783 resistance going up side toward 0.9806 on intraday. USDCAD backed from 0.9962 (Fib No. 78.6%), extension 0.9561, 0.9424 still in progress on daily chart. In USDCAD strong support at 0.9738 break of this support next target will extension.

Strategy: USDCAD sell at 0.9770 target 0.9717, 0.9690 stop loss 0.9822

New High:  0.9801, 0.9842, 0.9820

New Low:   0.9719, 0.9760, 0.9738

Pivot: R3-0.9862, R2-0.9831, R1-0.9812, PP-0.9780, S1-0.9749, S2-0.9729, S3-0.9698.

usd/cad technical analysis

 
USD-CAD Technical - 24/March
Written by Praful Patat   
Thursday, 24 March 2011 05:25

USDCAD backed from Fib 61.8% at 0.9907, extension at 0.9561, 0.9478 still in progress on daily chart. In USDCAD minor support at 0.9784, if not break of 0.9784 support then again retrace will happen and break of 0.9863 resistance, trend will change from down to up side. USDCAD retraced Fib No. 78.6% at 0.9963 and backed from there, extension 127.2% at 0.9561 which 161.8% extension of 0.9832 to 1.0274 in bigger range.

Strategy: USDCAD sell at 0.9810 target 0.9784, 0.9667 stop loss 0.9875

New High:  0.9828, 0.9855, 0.9841

New Low:  0.9775, 0.9802, 0.9788

 
USD-CAD Technical - 18/March
Written by Praful Patat   
Friday, 18 March 2011 05:34

USDCAD on daily chart still in down trend line. USDCAD failed to break 0.9968 resistance and going down toward extension. In USDCAD minor support at 0.9784, if not break of 0.9784 support then again retrace will happen. USDCAD retraced Fib No. 78.6% at 0.9963 and backed from there, extension 127.2% at 0.9561 which 161.8% extension of 0.9832 to 1.0274 still in progress.

Strategy: USDCAD sell at 0.9830 target 0.9784, 0.9667 stop loss 0.9985

New High: 0.9899, 0.9958, 0.9906

New Low: 0.9782, 0.9841, 0.9789

Pivot: R3-0.9994, R2-0.9949, R1-0.9921, PP-0.9877, S1-0.9832, S2-0.9804, S3-0.9760.

 

 
USD-CAD Technical - 17/March
Written by Praful Patat   
Thursday, 17 March 2011 05:49

 

USDCAD broke down trend line and stay above trend line. USDCAD retraced Fib No. 78.6% at 0.9963 and backed from there, extension 127.2% at 0.9561 which 161.8% extension of 0.9832 to 1.0274 still in progress. Break of 0.9751 supports further going down side toward extension and break of 0.9906 resistance then going up side and trend change.
Strategy: USDCAD buy from support or sell from resistance
New High:  0.9940, 1.0021, 0.9994
New Low:  0.9779, 0.9860, 0.9833
R3-1.0055, R2-0.9994, R1-0.9956, PP-0.9895, S1-0.9834, S2-0.9796, S3-0.9735.

USDCAD broke down trend line and stay above trend line. USDCAD retraced Fib No. 78.6% at 0.9963 and backed from there, extension 127.2% at 0.9561 which 161.8% extension of 0.9832 to 1.0274 still in progress. Break of 0.9751 supports further going down side toward extension and break of 0.9906 resistance then going up side and trend change.

 

Strategy: USDCAD buy from support or sell from resistance

New High:  0.9940, 1.0021, 0.9994

New Low:  0.9779, 0.9860, 0.9833

Pivot: R3-1.0055, R2-0.9994, R1-0.9956, PP-0.9895, S1-0.9834, S2-0.9796, S3-0.9735.

 
USD-CAD Technical - 16/March
Written by Praful Patat   
Wednesday, 16 March 2011 05:58

USDCAD retraced Fib No. 78.6% at 0.9963 and backed from there, extension 127.2% at 0.9561 which 161.8% extension of 0.9832 to 1.0274. Break of 0.9751 supports further going down side toward extension and break of 0.9906 resistance then going up side and trend change.
Strategy: USDCAD buy from support or sell from resistance
New High:  0.9916, 1.0043, 0.9986
New Low:  0.9661, 0.9788, 0.9731
R3-1.0105, R2-1.0007, R1-0.9947, PP-0.9850, S1-0.9752, S2-0.9692, S3-0.9595.

USDCAD retraced Fib No. 78.6% at 0.9963 and backed from there, extension 127.2% at 0.9561 which 161.8% extension of

 
USD-CAD Technical - 14/March
Written by Praful Patat   
Monday, 14 March 2011 05:21

USDCAD retraced Fib No. 38.2% at 0.9777 and backed from there, extension at 0.9585 which 161.8% extension of 0.9832 to 1.0274. Break of 0.9698 support further going down side toward extension. Also possibility USDCAD will form gartley pattern on 1 hour chart this is only possible if not break of 0.9709 support.
Strategy: USDCAD buy from support or sell from resistance
New High:  0.9765, 0.9813, 0.9777
New Low:  0.9669, 0.9717, 0.9681
R3-0.9842, R2-0.9805, R1-0.9782, PP-0.9745, S1-0.9708, S2-0.9685, S3-0.9648.

USDCAD retraced Fib No. 38.2% at 0.9777 and backed from there, extension at 0.9585 which 161.8% extension of 0.9832 to 1.0274.

 
USD-CAD Technical - 11/March
Written by Praful Patat   
Friday, 11 March 2011 06:24

USDCAD tested 161.8% extension from 0.9815 to 1.0056 and now USDCAD is possible to retrace toward 0.9777, 0.9846 level still in progress

 
USD-CAD Technical - 10/March
Written by Praful Patat   
Thursday, 10 March 2011 06:21

USDCAD tested 161.8% extension from 0.9815 to 1.0056 and now USDCAD is possible to retrace toward 0.9777, 0.9846 level. Break of 0.9664 support further going down side toward 0.9570 support, otherwise retracing. Strong resistance is at 0.9740, break of 0.9740, going up side toward 0.9820 on intraday. On other hand, USDCAD on daily chart extension 161.8% at 0.9570 from 0.9835 to 1.0207
Strategy: USDCAD buy 0.9700 target 0.9740, 0.9820 with stop loss 0.9650
New High:  0.9699, 0.9722, 0.9707.
New Low:  0.9652, 0.9675, 0.9660.
R3-0.9735, R2-0.9717, R1-0.9706, PP-0.9688, S1-0.9668, S2-0.9658, S3-0.9640.

USDCAD tested 161.8% extension from 0.9815 to 1.0056 and now USDCAD is possible to retrace toward 0.9777, 0.9846 level.

 
USD-CAD Technical - 09/March
Written by Praful Patat   
Wednesday, 09 March 2011 06:18

At this moment, USDCAD is consolidation on daily chart. USDCAD break of 0.9750 resistance further going up side toward 0.9820 daily

 
USD-CAD Technical - 08/March
Written by Praful Patat   
Tuesday, 08 March 2011 05:58

At this moment, USDCAD is consolidation on daily chart. USDCAD break of 0.9740 resistance further going up side toward 0.9820 daily resistance.

 
USD-CAD Technical - 07/March
Written by Praful Patat   
Monday, 07 March 2011 06:10

USDCAD is consolidation on 1 hour chart. USDCAD break of 0.9740 resistance further going up side toward 0.9767 daily resistance. If USDCAD will back from 0.9788, 0.9835 area then again come down to 0.9609, 0.9516 projection. USDCAD break of 0.9707 further going down side at 0.9608. USDCAD I still in down trend in progress toward extension 0.9609 still valid.
Strategy: USDCAD buy from 0.9730 area target 0.9788, 0.9830 stop loss 0.9705
New High:  0.9737, 0.9758, 0.9754.
New Low:  0.9694, 0.9715, 0.9711.
R3-0.9767, R2-0.9751, R1-0.9740, PP-0.9724, S1-0.9708, S2-0.9697, S3-0.9681.

USDCAD is consolidation on 1 hour chart. USDCAD break of 0.9740 resistance further going up side toward 0.9767 daily resistance.

 
USD-CAD Technical - 04/March
Written by Praful Patat   
Friday, 04 March 2011 06:04

USDCAD is consolidation on 1 hour chart. USDCAD is retracing toward at 0.9788, 0.9835 from 0.9958 to 0.9681 still in progress. If USDCAD will back from 0.9788, 0.9835 area then again come down to 0.9609, 0.9516 projection. USDCAD break of 0.9707 further going down side at 0.9608. USDCAD is forming complex pattern on 1 hour chart, break of 0.9739 further going side toward 0.9800 and break of 0.9707, next target 0.9608.
Strategy: USDCAD buy from 0.9730 area target 0.9788, 0.9830 stop loss 0.9705
New High:  0.9736, 0.9755, 0.9738.
New Low:  0.9698, 0.9717, 0.9700.
R3-0.9766, R2-0.9751, R1-0.9742, PP-0.9728, S1-0.9713, S2-0.9704, S3-0.9690.

USDCAD is consolidation on 1 hour chart. USDCAD is retracing toward at 0.9788, 0.9835 from 0.9958 to 0.9681 still in progress. If USDCAD will back from 0.9788, 0.9835 area then again come down to 0.9609, 0.9516 projection. USDCAD break of 0.9707 further going down side at 0.9608. USDCAD is forming complex pattern on 1 hour chart, break of 0.9739 further going side toward 0.9800 and break of 0.9707, next target 0.9608.

 
USD-CAD Technical - 03/March
Written by Praful Patat   
Thursday, 03 March 2011 05:41

USDCAD is retracing toward at 0.9788, 0.9835 from 0.9958 to 0.9681 still in progress. If USDCAD will back from 0.9788, 0.9835 area then again come down to 0.9609, 0.9516 projection. USDCAD break of 0.9707 further going down side at 0.9608. USDCAD is forming complex pattern on 1 hour chart, break of 0.9739 further going side toward 0.9800 and break of 0.9707, next target 0.9608.
Strategy: USDCAD buy from 0.9730 area target 0.9788, 0.9830 stop loss 0.9705
New High:  0.9753, 0.9787, 0.9765.
New Low:  0.9686, 0.9720, 0.9698.
R3-0.9805, R2-0.9779, R1-0.9763, PP-0.9737, S1-0.9712, S2-0.9696, S3-0.9670

USDCAD is retracing toward at 0.9788, 0.9835 from 0.9958 to 0.9681 still in progress. If USDCAD will back from 0.9788, 0.9835 area then again come down to 0.9609, 0.9516 projection. USDCAD break of 0.9707 further going down side at 0.9608. USDCAD is forming complex pattern on 1 hour chart, break of 0.9739 further going side toward 0.9800 and break of 0.9707, next target 0.9608.

 
USD-CAD Technical - 02/March
Written by Praful Patat   
Wednesday, 02 March 2011 05:41

USDCAD is retracing toward at 0.9788, 0.9835 from 0.9958 to 0.9681. If USDCAD will back from 0.9788, 0.9835 area then again come down to 0.9609, 0.9516 projection. If USDCAD break of 0.9727 daily PP further going down side in progress.
Strategy: USDCAD buy from  0.9750 area target 0.9788, 0.9830 stop loss 0.9705
New High:  0.9750, 0.9786, 0.9782.
New Low:  0.9679, 0.9715, 0.9711.
R3-0.9799, R2-0.9771, R1-0.9755, PP-0.9727, S1-0.9700, S2-0.9683, S3-0.9656

USDCAD is retracing toward at 0.9788, 0.9835 from 0.9958 to 0.9681. If USDCAD will back from 0.9788, 0.9835 area then again come down to 0.9609, 0.9516 projection. If USDCAD break of 0.9727 daily PP further going down side in progress.

 
USD-CAD Technical - 01/March
Written by Praful Patat   
Tuesday, 01 March 2011 05:43

USDCAD is still in down trend progress. USDCAD broke projection at 0.9770 level and going toward next target 0.9609. USDCAD will retrace from 0.9609. Now possibility to back from here or further going down side toward 0.9609 next projection. In USDCAD trend is down to 0.9609 extension and may be retrace from there.
Strategy: USDCAD buy from 0.9609, 0.9710 area target 0.9760, 0.9836 stop loss 0.9575
New High:  0.9752, 0.9791, 0.9755.
New Low:  0.9673, 0.9712, 0.9676.
R3-0.9851, R2-0.9829, R1-0.9815, PP-0.9792, S1-0.9769, S2-0.9755, S3-0.9733

USDCAD is still in down trend progress. USDCAD broke projection at 0.9770 level and going toward next target 0.9609. USDCAD will retrace from 0.9609. Now possibility to back from here or further going down side toward 0.9609 next projection. In USDCAD trend is down to 0.9609 extension and may be retrace from there. 

 
USD-CAD Technical - 28/Feb
Written by Praful Patat   
Monday, 28 February 2011 05:42

USDCAD is still in down trend progress. USDCAD tested projection at 0.9770 level. Now possibility to back from here or further going down side toward 0.9735 next projection. Break of 0.9735 further going down side toward 0.9604 target. If USDCAD will back from 0.9770, 0.9735 area then retrace to 0.9855, 0.9932 area.
New High:  0.9802, 0.9832, 0.9804.
New Low:  0.9743, 0.9773, 0.9745.
R3-0.9851, R2-0.9829, R1-0.9815, PP-0.9792, S1-0.9769, S2-0.9755, S3-0.9733

USDCAD is still in down trend progress. USDCAD tested projection at 0.9770 level. Now possibility to back from here or further going down side toward 0.9735 next projection. Break of 0.9735 further going down side toward 0.9604 target. If USDCAD will back from 0.9770, 0.9735 area then retrace to 0.9855, 0.9932 area.

 
USD-CAD Technical - 25/Feb
Written by Praful Patat   
Friday, 25 February 2011 05:25

USDCAD is continues going down side toward extension at 0.9735 from 0.9835 to 1.0207 after forming counter trend pattern on 4 hour chart, tested at 0.9958 trend line and going down side. USDCAD is possibility to back from 0.9770, 0.9735 area. Break of 0.9735 further going down side toward 0.9604 target.
New High:  0.9863, 0.9906, 0.9868.
New Low:  0.9778, 0.9821, 0.9783.
R3-0.9932, R2-0.9900, R1-0.9880, PP-0.9847, S1-0.9814, S2-0.9794, S3-0.9762

USDCAD is continues going down side toward extension at 0.9735 from 0.9835 to 1.0207 after forming counter trend pattern on 4 hour chart, tested at 0.9958 trend line and going down side. USDCAD is possibility to back from 0.9770, 0.9735 area. Break of 0.9735 further going down side toward 0.9604 target.