fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for CAD Tue Oct 29, 2013 10:22 am | |
| Technical Analysis for CAD The pair is experiencing some volatility and bearishness affected by being intraday overbought as shown on Stochastic. Stability above 1.0375 forces to hold on to our positive expectations, whereas trading above the referred to level is positive and could push the pair further to the upside within the ascending channel showing on graph. Linear Regression Indicators support our positive expectations. Support: 1.0420, 1.0400, 1.0375, 1.0355, 1.0335 Resistance: 1.0455, 1.0500, 1.0530, 1.0565, 1.0585 Recommendation Based on the charts, buy the pair above 1.0420 targeting 1.0455, 1.0500 then 1.0585 and stop-loss at four-hour closing below 1.0375 | |
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