fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for CAD Tue Nov 26, 2013 10:10 am | |
| Technical Analysis for CAD The pair witnessed strong volatility above Linear Regression Indicators and above the resistance level of the bearish correctional move starting at 1.0607 levels Stability above 1.0475 is positive and trading above it triggers a possibility of a new bullish wave. Linear Regression Indicators support our expectations, but levels 1.0455 has to remain valid and the pair should not trigger the overbought signals showing on momentum indicators in order to keep these expectations. Support: 1.0525, 1.0500, 1.0475, 1.0455, 1.0420 Resistance: 1.0560, 1.0585, 1.0610, 1.0640, 1.0680 Recommendation Based on the charts, buy the pair above 1.0525 targeting 1.0560, 1.0610 then 1.0680 and stop-loss at four-hour closing below 1.0455 | |
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