fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for CAD  Thu Oct 31, 2013 10:21 am | |
|  Technical Analysis for CAD The pair extended the positive trading, whereas it is ignoring the overbought signals extending the upside move and benefiting from the positivity of breaching 1.0375 in addition to stabilizing above Linear Regression Indicators. The upside move might extend today but levels 1.0525 will determine how much will bullishness extend. Over intraday basis today, trading above 1.0420 will keep the positive possibility. Support: 1.0475, 1.0455, 1.0420, 1.0375, 1.0355 Resistance: 1.0500, 1.0525, 1.0560, 1.0610, 1.0640 Recommendation Based on the charts, buy the pair above 1.0475 targeting 1.0500, 1.0530 then 1.0610 and stop-loss at four-hour closing below 1.0335 | |
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