Saturday, October 4, 2014

EUR-USD and USD-CAD Technical Analysis (4 Oct 2014)

MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9
Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Period Full =7
Bollinger Bands Settings:- Average = 20 | Standard Deviation = 2
Date: 10 Oct 2014
Time: 2:09 (AM) +8 GMT

The chart below shows the common 3 peak gradual downwards patterns that we usually find in the Forex market movement. The 4th peak indicate correction to test the old historical peak














The big-W formation is forming indicate strong upward sentiment especially at it's current level standing on the mid-pivot point the USD-CAD is aiming for the ideal resistance level at 1.2600


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