fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for CAD Wed Dec 18, 2013 10:39 am | |
| Technical Analysis for CAD The pair failed to break 23.6% correction at 1.0580 triggering a bullish rebound. By examining the graph above, we notice that Linear Regression Indicators are above the price and Stochastic is attempting to show positivity. On the other hand, stability below 1.0640 – 1.0660 is negative and RSI is moving to the downside. Therefore, we prefer to remain neutral today waiting for confirmation signals. Support: 1.0605, 1.0580, 1.0555, 1.0525, 1.0500 Resistance: 1.0640, 1.0660, 1.0680, 1.0710, 1.0750 Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals | |
|