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On graph Usd/Cad: 1 Week
- From 0.9429 to 0.9696: we have oblique line indicating uptrend (up line 1)
- From 0.9696 to 1.0013: we have oblique line indicating uptrend (up line 2)
- With the torque formed by up line 1 to up line 2 we have an uptrend confirmed on 1W graph.
- We have the confirmation of the uptrend with a channel up, formation, and because the market prices are moving above the moving average 50 and the moving average 200.
On graph Usd/Cad: 1 Day
- From 2 Fibonacci retracements 0.00% (0.9628) to 23.60% (1.0020) we have an up line forming a channel up with another oblique up line built by 2 market prices 1.0365 & 1.0609
- We have the confirmation of the uptrend with a channel up formation, and because the market prices are above the moving average 50 and the moving average 200.
Forexgrange Usd/Cad previsions for 11/1/13:
On the 1D and 1W graphs we have uptrend confirmed. We thinks that after some rebounds on the Fibonacci level 23.60% on the 1W graph, the market can still go up to hit 1.0646 the fist resistance line price on the monthly pivot indicator.