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USD/CAD : Weekly Cycle Analysis

Melbourne Qindex 04:41 GMT March 12, 2011
USD/CAD : Critical Point 0.9717 : Reply
Entry: Target: Stop:

USD/CAD : Weekly Cycle Analysis

The weekly cycle pivot centers are located at 0.9655 - 0.9722 - 0.9739. The market is stable when it is able to trade above the weekly cycle pivot center at 0.9739. On the other hand speculative selling pressure will increase when the downward trending momentum is strong enough to penetrate through the weekly cycle pivot center at 0.9655.