fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for CAD  Wed Oct 30, 2013 10:02 am | |
|  Technical Analysis for CAD Despite the pair’s weak trading, the pair is still moving to the upside benefiting from stabilizing earlier above 1.0375, as stability above this level forces us to keep our expectations of extending bullishness. Linear Regression Indicators support our expectations but Stochastic is showing overbought signals that requires not breaking 1.0375 levels to keep the possibility of extending the upside move valid. Support: 1.0420, 1.0375, 1.0355, 1.0335, 1.0300 Resistance: 1.0455, 1.0480, 1.0515, 1.0530, 1.0560 Recommendation Based on the charts, buy the pair above 1.0430 targeting 1.0475, 1.0515 then 1.0560 and stop-loss at four-hour closing below 1.0375 | |
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