usd/cad

usd/cad technical analysis basis of stochastic(5,3,3) and adx(14) for last few hours

stoch(5,3,3)
main : 58.33
signal : 45.04

adx(14)
adx : 33.63
+di : 9.03
-di : 16.77

so we see the market
condition : neutral
overall trend : bearish
timeframe : m15

usd/cad technical analysis basis of stochastic(5,3,3) and adx(14) for last few hours

stoch(5,3,3)
main : 58.33
signal : 45.04

adx(14)
adx : 33.63
+di : 9.03
-di : 16.77

so we see the market
condition : neutral
overall trend : bearish
timeframe : m15

hanji bhai jan ap ne bht acha kia jo ye thread start kr dia usd/cad k bary me yaha pe hmei is pair k bary me bht c information ml skti hx aur hmari trade improve hoskti hx

yeh aik boht acha forum hy aur jo log forex mein new hoty hein un k liy boht acha hy aur ap ka thread bi boht acha hy muj ko ess mein seekhny k liy boht kuch mila hy aur mein ess ko boht zyadh like krta hoon. lekin jahan tk ap k thread k jwab ka talaq hy to mein abi new hoon mujh ko sai trh sy pta nai hy ess liy ai mein sirf study kr rha hoon%%%%%%%

dear es kae bare me mjhe kuch naer pta q k mae nae abi start kya forex ki trde ko smjna abi forx trde kae bare mae cmplte nae janta ho

http://prntscr.com/4s9zlb
analysis for today 10 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 10 / 1 / 2014
OPEN 1.1196
HIGH 1.1222
LOW 1.1160
CLOSED 1.1162

The third resistance (R3) 1.1222 -( 1.1181 - 1.1160 = 0.0021 x 2 = 0.0043 )= 1.1265
The second Resistance (R2) 1.1181 + 1.1222 - 1.1160 = 1.1243
First resistance (R1) 1.1181 x 2 = 2.2363 - 1.1160 = 1.1203
pivot points 1.1222 + 1.1160 + 1.1162 = 3.3544 / 3 = 1.1181
Support for the first (S1) 1.1181 x 2 = 2.2363 - 1.1222 = 1.1141
Support second (S2) 1.1181 -( 1.1222 - 1.1160 = 0.0062 ) = 1.1119
Third Support (S3) 1.1160 -( 1.1222 - 1.1181 = 0.0041 x 2 = 0.0081 )= 1.1079

The price hits the higher level of donchin channel on the USDCAD chart to perform a probably of bearish trend start by today As you can see the price is actually moving at bullish trend because of the up channel for today About the Awesome oscillator there are a bearish sign by having a red colored bars located below the 0 th level A quick look to the stostatic can inform you by a buy signal as the price near the level of 80 and there is a bullish cross between the two lines As a result of the previous signals I can bet on the bearish side by taking a sell trades wishing that the price reach the low edge of Donchin level which can be used as a good area for closing sell trades in profit

The price hits the lower level of donchin channel on the USDCAD chart to perform a probably of bullish trend start by today As you can see the price is actually moving at bearish trend because of the down channel for today About the Awesome oscillator there are a bearish sign by having a red colored bars located below the 0 th level A quick look to the stostatic can inform you by a buy signal as the price near the level of 20 and there is a bullish cross between the two lines As a result of the previous signals I can bet on the bullish side by taking a buy trades wishing that the price reach the high edge of Donchin level which can be used as a good area for closing buy trades in profit

As you can all realize there is a downward trend taking place on the USDCAD pair indicated by the red dots appearing on the bars the price may keep going south so long it stays lower than the level 1.1319 which is considered a strong resistance and also a weekly pivot point that of course until it hits the support at level 1.112 which is also a weekly pivot point.
But there is another possibility that might yet take place and that is if the price broke the resistance 1.1319 and got itself a bullish signal via the blue dots in this case I do think that the price will be heading north till it hits the resistance 1.1393 which is the pivot level of the current week.
.

As we can see a red arrow is taking place on the USDCAD chart which indicates that a bearish trend is taking place at the moment.
A top located at 1.1205 is supporting the trend for it is a very strong resistance and if the bearish trend is still strong then the price shouldn't be able to go above it.
The dots from the parabolic sar indicators are shown above the candles which gives a sign of where the price will be heading which is down in this case.
The support 1.1085 would be a great place to act as closing positions if we are to be making selling trades since the price might be heading north after hitting it .

Based on the hourly chart of the blade oscillator the USDCAD is having a strong bearish trend by locating at 0.0012 below the level of balance and the indicator is red colored that means there is a strong bearish move will happen in a short time . By using moving average 5 we will notice a down slope so 1.11 could be considered a good stop loss for if there were sell positions as it is considered the last top by using the indicators signals.

On the USDCAD chart the momentum indicator shows clearly a cross as the blue line goes below the red line to make a good sell signal for the current time The Oracle Strength indicator shows a red color and that indicates a downward direction on the USDCAD chart To be more accurate you can see the red colored arrows which mean that there is a downward signal for now on the Oracle direction indicator From all the data from the indicators above and as long as the momentum indicator shows a sell cross the downward trend is shown on the chart and my advice is to go for the sell trades as long as the ATR indicator shows a sell signals.
.

On the USDCAD chart the momentum indicator shows clearly a cross as the blue line goes above the red line to make a good buy signal for the current time The Oracle Strength indicator shows a blue color and that indicates a upward direction on the USDCAD chart To be more accurate you can see the blue colored arrows which mean that there is a upward signal for now on the Oracle direction indicator From all the data from the indicators above and as long as the momentum indicator shows a buy cross the upward trend is shown on the chart and my advice is to go for the buy trades as long as the ATR indicator shows a buy signals.
.

Based on the hourly chart of the blade oscillator the USDCAD is having a week bullish trend by locating at 0.0018 above the level of balance and the indicator is blue colored that means there is a week bullish move will happen in a short time . By using moving average 5 we will notice a UP slope so 1.1179 could be considered a good stop loss for if there were buy positions as it is considered the last bottom by using the indicators signals.