| Forex Signals 24.07.2007 |
Headlines: Canada Dollar Rises on Speculation Retail Sales Gained.
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Long signal |
Short signal |
| USD/CAD |
Buy a break of resistance level at 1.0539
Buy a break of resistance level at 1.0500
Buy a bounce at 1.0400 |
Sell a break of support level at 1.0400
Sell a break of support level at 1.0355
Sell if cannot break the resistance 1.5000 |
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Primary trend change direction and become bearish after touching the top level 1.1815, after breaking a support level of Fibonachi Retracement at the 61.8% the pair are on the strong down trend. We can see that the market failed to brake the resistance level 1.0747 of Fibo` Retracement 23.60% and continue down. Secondary trend supporting the primary trend. Minory trand traded in the range between the levels 1.0500 and 1.0400, in immediate trend breaking resistance level 1.0470 of Fibo` retracement 61.8% can push the pair up to the next resitance level 1.0539 of Fibo` retracement 161.8%. |
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Trends:
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Primary Tendency
Primary trend become bearish after touching the top of 1.1815 at 7/3/2007
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Secondry Tendency
Secondary trend suport the primary tendency down
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Minor Tendency
Minory tend traded on the range
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Technical levels:
Resistance:
1.0539
1.0500
Support:
1.0400
1.0355
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