The Hand of Scalpuman

Forum of the Lord of Trading fellowship


 
HomeCalendarFAQSearchMemberlistUsergroupsRegisterLog in
Latest topics
» Daily Market Analysis from ForexMart
Tue May 03, 2016 9:51 am by Andrea ForexMart

» Company News by ForexMart
Wed Apr 27, 2016 9:46 am by Andrea ForexMart

» forex & binary - licensing & consulting
Thu Apr 14, 2016 1:32 pm by AGPLaw

» Stop leading an 8/5 robotic life and live real life!
Wed Oct 14, 2015 9:59 am by Ian Shaw

» Forex and binary options affiliate program reviews
Wed Sep 09, 2015 7:09 pm by affiliates-network

» InstaForex Company News
Thu Oct 02, 2014 8:29 am by IFX Yvonne

»  Forex expositions by ShowFxWorld.
Fri Aug 29, 2014 10:44 am by ShowFxWorld

» Forex News from InstaForex
Fri Aug 22, 2014 9:48 am by IFX Yvonne

» Shaolin Black Swan and Crunching Hobbit
Wed Jul 23, 2014 7:44 pm by Sauros




Share | 
 

 USD/CAD Daily Outlook

Go down 
AuthorMessage
fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: USD/CAD Daily Outlook   Thu Mar 06, 2014 10:33 am



USD/CAD Daily Outlook

Daily Pivots: (S1) 1.1005; (P) 1.1052; (R1) 1.1077; More...

Deeper decline is still mildly in favor in USD/CAD. Fall from 1.1194 could be the third leg of the consolidation pattern from 1.1223 and could extend to 1.0909 and further to 38.2% retracement of 1.0181 to 1.1223 at 1.0852. Nonetheless, break of 1.1117 minor resistance will turn bias back to the upside for retesting 1.1223 high instead.

In the bigger picture, rally from 2011 low of 0.9406 is viewed as the third leg of the pattern from 0.9056 low (2007 low). That is, current rise would likely extend through 50% retracement of 1.3063 to 0.9406 at 1.1235 to 61.8% retracement at 1.1666 in medium term. We'd start to look for reversal signal again above 1.1666. But before that, outlook will stay bullish as long as 1.0736 resistance tuned support holds.
Back to top Go down
View user profile
 
USD/CAD Daily Outlook
Back to top 
Page 1 of 1
 Similar topics
-
» Market review and outlook for 2012
» CSE Daily Reports
» I need CSE daily report - Last Monday, Tuesday
» Religare Report - Economic Outlook and a few share recommendations
» CSE daily report 2012/2/29

Permissions in this forum:You cannot reply to topics in this forum
The Hand of Scalpuman :: The Trading Holy Grail Forums :: Economic News, Market Comments & Opinions-
Jump to: