TODAY TECHNICAL LEVEL :
Resistance. 3 : 83.43.
Resistance. 2 : 83.27.
Resistance. 1 : 83.10.
Support. 1 : 82.90.
Support. 2 : 82.74.
Support. 3 : 82.57.
TODAY OUTLOOK :
The USD/JPY Bullish movement seems to be held by the 3-days high at 83.13 that acts as a strong Resistance; since the pair reversed down after hitting this level the USD/JPY is likely to test the 82.75 support level. However, please pay attention for the today's Resistance. 3 and today's Support. 3; usually after reaching one of these levels the pair reverses between 10 pips to the 20 pips; if the pair reaches one of these levels and still goes more than 50 pips in the chosen direction, this will denote that the USD/JPY has found its tendency for today.
TODAY RECOMMENDATION :
BUY if the USD/JPY can break out and close above 83.00, set Take profit at 83.13 as the first target and 83.25 as the second target.
SELL if the pair can break out and close below 82.72, set Take profit at 82.50 as the first target and 82.32 as the second target.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25871/?x=OUE
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Thursday, March 31, 2011
Wednesday, March 30, 2011
USD/CHF wave analysis for March 30, 2011
During yesterday’s trading the USD/CHF currency pair started to move away from the 0.9140 level. Thus, as we mentioned yesterday, the pair is forming a 5-wave structure in the range of the upside correction developed since March 23. Given this, we can suppose that at the moment the price is in the range of the future a wave of a more continuous correction structure.
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25823/?x=OUE
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25823/?x=OUE
Tuesday, March 29, 2011
USD/CAD technical analysis for March 29, 2011
Support levels: 0.9730, 0.9650, 0.9600
Resistance levels: 0.9840, 1.0000, 1.0057
On a 4-hour graph the USD/CAD movement was limited by the lower limit of the trading range 0.9730-0.9840. Nevertheless, the viewpoint at the pair remains bearish since it is still in a downtrend.
As mentioned before, break of the 0.9810 support level will initiate downside movement to 0.9650 with 0.9600 as further target.
If a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25713/?x=OUE
Resistance levels: 0.9840, 1.0000, 1.0057
On a 4-hour graph the USD/CAD movement was limited by the lower limit of the trading range 0.9730-0.9840. Nevertheless, the viewpoint at the pair remains bearish since it is still in a downtrend.
As mentioned before, break of the 0.9810 support level will initiate downside movement to 0.9650 with 0.9600 as further target.
If a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25713/?x=OUE
Monday, March 28, 2011
USD/JPY Weekly Forecast for March 28th - April 1st/2011
WEEKLY FORECAST :
Last week the pair was only trading in a ranging situation, however it succeded to break out the Fibonacci Resistance 78.6% at 81.16;
this will be a good sign of upside movement for the USD. Besides, last week the pair closed below its opening bar, this indicates that the upside
momentum is still in advance for the pair. For this week, if we look at weekly charts, the Stochastic indicator is still in a bullish situation, so we predict
the 81.50 resistance to be tested. However, the closing bar of the last week's bar charts is still below the 10 periode simple moving avarage and the slope is
still down; it means the Bearish situation is still in advance; so we can see the battle of the Bulls and the Bears. In other words, we predict this pair
to be trading in a tight range, so the previous weekly low at 80.70 will be tested by the pair, please pay attention for this level;
if it is broken the USD/JPY will be going down again, or at least it will test 80.25.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25621/?x=OUE
Last week the pair was only trading in a ranging situation, however it succeded to break out the Fibonacci Resistance 78.6% at 81.16;
this will be a good sign of upside movement for the USD. Besides, last week the pair closed below its opening bar, this indicates that the upside
momentum is still in advance for the pair. For this week, if we look at weekly charts, the Stochastic indicator is still in a bullish situation, so we predict
the 81.50 resistance to be tested. However, the closing bar of the last week's bar charts is still below the 10 periode simple moving avarage and the slope is
still down; it means the Bearish situation is still in advance; so we can see the battle of the Bulls and the Bears. In other words, we predict this pair
to be trading in a tight range, so the previous weekly low at 80.70 will be tested by the pair, please pay attention for this level;
if it is broken the USD/JPY will be going down again, or at least it will test 80.25.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25621/?x=OUE
Friday, March 25, 2011
EUR/USD candlestick analysis for March 25, 2011
The bulls took advantage of a slight decline and pushed the EUR/USD pair up again. The pair might test the resistance level 1.4278 in the nearest time.
Earlier on a daily graph the EUR/USD pair formed a Bullish Engulfing candlestick combination, indicating upside movement.
This combination shows that the pair was advancing during several weeks. However, a rollback took place near the 1.4035 level, which provided another buy opportunity.
Further upside movement is supported by the fact that the uptrend remains.
Break of the resistance level 1.4035 proves this viewpoint. Now we should expect upside movement to the resistance level 1.4278.
It is worth mentioning that stop loss should be placed slightly below 1.3850 as a break of this level will denote that the uptrend is broken.
http://instaforex.com/forex_analysis/25517/?x=OUE
Earlier on a daily graph the EUR/USD pair formed a Bullish Engulfing candlestick combination, indicating upside movement.
This combination shows that the pair was advancing during several weeks. However, a rollback took place near the 1.4035 level, which provided another buy opportunity.
Further upside movement is supported by the fact that the uptrend remains.
Break of the resistance level 1.4035 proves this viewpoint. Now we should expect upside movement to the resistance level 1.4278.
It is worth mentioning that stop loss should be placed slightly below 1.3850 as a break of this level will denote that the uptrend is broken.
http://instaforex.com/forex_analysis/25517/?x=OUE
Thursday, March 24, 2011
GBP/USD Intraday Technical analysis 2011-03-24
The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.6220 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.5990.
According to previous events, the market indicates a bullish opportunity on the levels of 1.6220 with a 1st objective of 1.6330, then 1.6400. A break in 1.6190 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25457/?x=OUE
According to previous events, the market indicates a bullish opportunity on the levels of 1.6220 with a 1st objective of 1.6330, then 1.6400. A break in 1.6190 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25457/?x=OUE
Wednesday, March 23, 2011
EUR/USD Technical Analysis. Support And Resistance Levels For March 23/2011
TODAY TECHNICAL LEVEL :
Breakout Buy level : 1.4237.
Strong Resistance : 1.4229.
Original Resistance : 1.4215.
Inner Sell Area : 1.4201.
Target Inner Area : 1.4168.
Inner Buy Area : 1.4135.
Original Support : 1.4121.
Strong Support : 1.4107.
Breakout Sell level : 1.4099.
TODAY OUTLOOK :
Yesterday we predicted that the pair would test the 1.4200 level (remaining a support level), which happened after the US Market opened. This is indicated by the MACD Divergence we found yesterday. Today we can see a convergence of the MACD in the early morning; we predict a small upside movement and the EUR/USD will test the 1.4217 level. If this level is broken out, this pair will be in a Bullish movement; on the other hand, if the pair can break out 1.4150, the Bearish movement will be advance for this pair today.
TODAY SUGGESTION :
BUY if this pair can break out and close above the 1.4217 level, set Take profit at 1.4225 as the first target and 1.4247 (the 3-days high) as the second target.
SELL if this pair can break out and close below the 1.4150 level, set Take profit at 1.4138 (the 3-days low) as the first target and 1.4125 as the second target.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25359/?x=OUE
Breakout Buy level : 1.4237.
Strong Resistance : 1.4229.
Original Resistance : 1.4215.
Inner Sell Area : 1.4201.
Target Inner Area : 1.4168.
Inner Buy Area : 1.4135.
Original Support : 1.4121.
Strong Support : 1.4107.
Breakout Sell level : 1.4099.
TODAY OUTLOOK :
Yesterday we predicted that the pair would test the 1.4200 level (remaining a support level), which happened after the US Market opened. This is indicated by the MACD Divergence we found yesterday. Today we can see a convergence of the MACD in the early morning; we predict a small upside movement and the EUR/USD will test the 1.4217 level. If this level is broken out, this pair will be in a Bullish movement; on the other hand, if the pair can break out 1.4150, the Bearish movement will be advance for this pair today.
TODAY SUGGESTION :
BUY if this pair can break out and close above the 1.4217 level, set Take profit at 1.4225 as the first target and 1.4247 (the 3-days high) as the second target.
SELL if this pair can break out and close below the 1.4150 level, set Take profit at 1.4138 (the 3-days low) as the first target and 1.4125 as the second target.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25359/?x=OUE
Tuesday, March 22, 2011
USD/CAD technical analysis for March 14, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 1.0000, 1.0057, 1.0212
On a 4-hour graph the USD/CAD has successfully broken the support level 0.9810. At the moment the viewpoint at the pair is bearish as the USD/CAD is back to the downtrend.
As mentioned before, break of the 0.9810 support level will initiate downside movement to 0.9650 with 0.9600 as further target.
If a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/25291/?x=OUE
Resistance levels: 1.0000, 1.0057, 1.0212
On a 4-hour graph the USD/CAD has successfully broken the support level 0.9810. At the moment the viewpoint at the pair is bearish as the USD/CAD is back to the downtrend.
As mentioned before, break of the 0.9810 support level will initiate downside movement to 0.9650 with 0.9600 as further target.
If a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/25291/?x=OUE
Monday, March 21, 2011
USD/JPY Weekly Forecast for March 21st - 25th/2011
WEEKLY FORECAST :
For a long time we have been waiting for a significant movement from the sideways and low volatility situation of the USD/JPY. Last week the pair broke its previous low amid the nuclear crisis and the USD dropped down to the 76.50 level. However, it looks like last week the pair had an intervension. If we look at the charts, we can see that the pair closed between the Fibonacci support 61.8% at the 80.15 level and the Fibonacci Resistance 78.6% at the 81.15 level, and these two level, or only one of them, will be tested by the USD/JPY. If the Support level is broken their will be going to the next support at the Fibonacci Support 50% at 79.50. On the other hand if the Resistance level can be broken, it will be going up to the next Resistance at the Fibonacci Resistance 85.4% at 81.56.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25165/?x=OUE
For a long time we have been waiting for a significant movement from the sideways and low volatility situation of the USD/JPY. Last week the pair broke its previous low amid the nuclear crisis and the USD dropped down to the 76.50 level. However, it looks like last week the pair had an intervension. If we look at the charts, we can see that the pair closed between the Fibonacci support 61.8% at the 80.15 level and the Fibonacci Resistance 78.6% at the 81.15 level, and these two level, or only one of them, will be tested by the USD/JPY. If the Support level is broken their will be going to the next support at the Fibonacci Support 50% at 79.50. On the other hand if the Resistance level can be broken, it will be going up to the next Resistance at the Fibonacci Resistance 85.4% at 81.56.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
http://instaforex.com/forex_analysis/25165/?x=OUE
Wednesday, March 16, 2011
USD/CAD technical analysis for March 16, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 1.0000, 1.0057, 1.0212
On a 4-hour graph the USD/CAD has made a sharp move to the upside, but could not break the resistance level near 1.0000, to decline further. In general the pair is still rebounding from new multi-year lows last seen November 2007.
As mentioned before, if uptrend continues and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24945/?x=OUE
Resistance levels: 1.0000, 1.0057, 1.0212
On a 4-hour graph the USD/CAD has made a sharp move to the upside, but could not break the resistance level near 1.0000, to decline further. In general the pair is still rebounding from new multi-year lows last seen November 2007.
As mentioned before, if uptrend continues and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24945/?x=OUE
Tuesday, March 15, 2011
The USD/JPY technical analysis and trading recommendations for March 15, 2011
Overview:
The yen is still demonstrating an uncertain movement; Friday’s price downfall confused the whole current situation. A new sell signal without a target level was formed. The formed signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. The first target for the downside movement is 81.22 – the first support level. If this level is passed the second target will be the second support level at 80.62. Downside movement remains while the price is below the Kijun-sen (81.95), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show downside movement, the lines are diverging and directed down. The MACD is descending, thus indicating current downside movement, if it reverses up it will denote the beginning of correction movement.
Trading recommendations:
Currently it is recommended to trade down with target at 81.22 and further to 80.62. Stop Loss should be placed above 81.95. If the MACD reverses up it is recommended to cut short positions manually.
http://instaforex.com/forex_analysis/24915/?x=OUE
The yen is still demonstrating an uncertain movement; Friday’s price downfall confused the whole current situation. A new sell signal without a target level was formed. The formed signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. The first target for the downside movement is 81.22 – the first support level. If this level is passed the second target will be the second support level at 80.62. Downside movement remains while the price is below the Kijun-sen (81.95), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show downside movement, the lines are diverging and directed down. The MACD is descending, thus indicating current downside movement, if it reverses up it will denote the beginning of correction movement.
Trading recommendations:
Currently it is recommended to trade down with target at 81.22 and further to 80.62. Stop Loss should be placed above 81.95. If the MACD reverses up it is recommended to cut short positions manually.
http://instaforex.com/forex_analysis/24915/?x=OUE
Monday, March 14, 2011
USD/CAD technical analysis for March 14, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 0.9820, 1.0000, 1.0057
On a 4-hour graph the USD/CAD is declining further after a rollback to the resistance level 0.9820. Earlier the pair reached new multi-year lows last seen November 2007.
The viewpoint at the pair is still bearish as the downtrend remains. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24775/?x=OUE/
Resistance levels: 0.9820, 1.0000, 1.0057
On a 4-hour graph the USD/CAD is declining further after a rollback to the resistance level 0.9820. Earlier the pair reached new multi-year lows last seen November 2007.
The viewpoint at the pair is still bearish as the downtrend remains. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24775/?x=OUE/
Friday, March 11, 2011
USD/CAD technical analysis for March 11, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 0.9820, 1.0000, 1.0057
On a 4-hour graph the USD/CAD is rolling back after reaching new multi-year lows last seen November 2007.
The viewpoint at the pair is still bearish as the downtrend remains. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24691/?x=OUE/
Resistance levels: 0.9820, 1.0000, 1.0057
On a 4-hour graph the USD/CAD is rolling back after reaching new multi-year lows last seen November 2007.
The viewpoint at the pair is still bearish as the downtrend remains. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24691/?x=OUE/
Thursday, March 10, 2011
USD/CAD technical analysis for March 10, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 0.9820, 1.0000, 1.0057
On a 4-hour graph the USD/CAD has declined to a new multi-year low and is trading on levels of November 2007.
The viewpoint at the pair is still bearish as the downtrend remains. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24615/?x=OUE/
Resistance levels: 0.9820, 1.0000, 1.0057
On a 4-hour graph the USD/CAD has declined to a new multi-year low and is trading on levels of November 2007.
The viewpoint at the pair is still bearish as the downtrend remains. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24615/?x=OUE/
Wednesday, March 9, 2011
USD/CAD technical analysis for March 9, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 0.9820, 1.0000, 1.0057
At the moment on a 4-hour graph the USD/CAD is still consolidating after a decline to the 0.9680 level. Nevertheless, the viewpoint at the pair is still bearish as the downtrend remains. Earlier the USD/CAD currency pair has refreshed more than 3-year’s lows. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24533/?x=OUE/
Resistance levels: 0.9820, 1.0000, 1.0057
At the moment on a 4-hour graph the USD/CAD is still consolidating after a decline to the 0.9680 level. Nevertheless, the viewpoint at the pair is still bearish as the downtrend remains. Earlier the USD/CAD currency pair has refreshed more than 3-year’s lows. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24533/?x=OUE/
Tuesday, March 8, 2011
USD/CAD New Upwards Movement , March 08, 2011 (Daily Strategy)
USD/CAD
The support for the Canadian dollar has been stronger for now, and the pair dived in the last two week by nearly 300 points without any correction.
On the technical level I can identify great potential for the beginning of a technical correction, this after the pair has failed to breach the major support level of 0.9710 after a prolonged struggle.
A new upwards movement can be expected to raise the pair back to the downwards trend line around 0.9830. Furthermore, a breach of the trend line will form a major indication of continued northbound movement towards the meaningful resistance level of 1.0109 Canadian dollars for one United States dollar.
http://instaforex.com/forex_analysis/24511/?x=OUE/
The support for the Canadian dollar has been stronger for now, and the pair dived in the last two week by nearly 300 points without any correction.
On the technical level I can identify great potential for the beginning of a technical correction, this after the pair has failed to breach the major support level of 0.9710 after a prolonged struggle.
A new upwards movement can be expected to raise the pair back to the downwards trend line around 0.9830. Furthermore, a breach of the trend line will form a major indication of continued northbound movement towards the meaningful resistance level of 1.0109 Canadian dollars for one United States dollar.
http://instaforex.com/forex_analysis/24511/?x=OUE/
Monday, March 7, 2011
USD/CAD technical analysis for March 7, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 0.9820, 1.0000, 1.0057
At the moment on a 4-hour graph the USD/CAD is consolidating after a decline to the 0.9680 level. Nevertheless, the viewpoint at the pair is still bearish as the downtrend remains. Earlier the USD/CAD currency pair has refreshed more than 3-year’s lows. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24379/?x=OUE/
Resistance levels: 0.9820, 1.0000, 1.0057
At the moment on a 4-hour graph the USD/CAD is consolidating after a decline to the 0.9680 level. Nevertheless, the viewpoint at the pair is still bearish as the downtrend remains. Earlier the USD/CAD currency pair has refreshed more than 3-year’s lows. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24379/?x=OUE/
Friday, March 4, 2011
USD/CAD Technical Correction , March 04, 2011 (Daily Strategy)
USD/CAD
A look on graph (daily) of the United States dollar - canadian dollar pair shows that the technical image on the pair is consolidating, showing an attractive buy opportunity.
The downward pressure has remained in the 1st weekly support, at 0.9710 from here,
We mention that, the pair will go to touch his Weekly pivot during these days around 0.9834,canadian dollar for one United States dollar.
http://instaforex.com/forex_analysis/24345/?x=OUE/
A look on graph (daily) of the United States dollar - canadian dollar pair shows that the technical image on the pair is consolidating, showing an attractive buy opportunity.
The downward pressure has remained in the 1st weekly support, at 0.9710 from here,
We mention that, the pair will go to touch his Weekly pivot during these days around 0.9834,canadian dollar for one United States dollar.
http://instaforex.com/forex_analysis/24345/?x=OUE/
Thursday, March 3, 2011
USD/CAD technical analysis for March 3, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 0.9820, 1.0000, 1.0057
At the moment on a 4-hour graph the USD/CAD is rolling back of the 0.9680 level. Nevertheless, the viewpoint at the pair is still bearish as the downtrend remains. Earlier the USD/CAD currency pair has refreshed more than 3-year’s lows. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24213/?x=OUE
Resistance levels: 0.9820, 1.0000, 1.0057
At the moment on a 4-hour graph the USD/CAD is rolling back of the 0.9680 level. Nevertheless, the viewpoint at the pair is still bearish as the downtrend remains. Earlier the USD/CAD currency pair has refreshed more than 3-year’s lows. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24213/?x=OUE
Wednesday, March 2, 2011
USD/CAD technical analysis for March 2, 2011
Support levels: 0.9650, 0.9600, 0.9550
Resistance levels: 0.9820, 1.0000, 1.0057
The USD/CAD currency pair is refreshing more than 3-year’s lows. At the moment on a 4-hour graph the USD/CAD is rolling back of the 0.9680 level. Nevertheless, the viewpoint at the pair is still bearish as the downtrend remains. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24129/?x=OUE
Resistance levels: 0.9820, 1.0000, 1.0057
The USD/CAD currency pair is refreshing more than 3-year’s lows. At the moment on a 4-hour graph the USD/CAD is rolling back of the 0.9680 level. Nevertheless, the viewpoint at the pair is still bearish as the downtrend remains. As mentioned before, break of 0.9711 targeted the pair to 0.9650 with 0.9600 as further target.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24129/?x=OUE
Tuesday, March 1, 2011
USD/CAD technical analysis for March 1, 2011
Support levels: 0.9711, 0.9650, 0.9600
Resistance levels: 0.9820, 1.0000, 1.0057
The USD/CAD currency pair has refreshed more than 3-year’s lows. At the moment on a 4-hour graph the USD/CAD is testing the support level near 0.9711. If it is broken, downside movement to 0.9650 should be expected. The viewpoint at the pair is still bearish.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24049/?x=OUE
Resistance levels: 0.9820, 1.0000, 1.0057
The USD/CAD currency pair has refreshed more than 3-year’s lows. At the moment on a 4-hour graph the USD/CAD is testing the support level near 0.9711. If it is broken, downside movement to 0.9650 should be expected. The viewpoint at the pair is still bearish.
However, if a reversal takes place and the USD/CAD breaks the 1.0000 resistance level, further advance to 1.0212 should be expected. Further break of the 1.0380 level will denote that the rollback from 1.0680 is completed and further growth should be expected.
In the midterm the breakout of the support level at 0.9930 indicated continuing midterm downtrend from 1.3063 (2009 high) with 0.9700 as a target. However, this downside movement is probably a correction, and a strong support level is located near 0.9056-0.9700.
Thus, if a reversal takes place, the breakout of 1.0851 will prove the downtrend broken through from 1.3063. In this case the USD/CAD is expected to go up to the resistance level 1.1126 with 1.1866 as the next target.
http://instaforex.com/forex_analysis/24049/?x=OUE
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