Today we will analyze the currency pair Canadian Dollar US Dollar (CADUSD) for internet stock trading in the FOREX stock market,
Stock Technical indicators to notice in Canadian Dollar US Dollar (CADUSD)
1- Last bearish trend was from 1.01 $ (10/27/2011) to 0.95 $ (11/25/2011) a 0.06 $ move 2- The current bullish trend started from 0.95 $ at 11/25/2011 and is currently trading at 1.01 $.
3- CADUSD current support level is at 0.99 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
4- CADUSD current resistance level is at 1.01 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Canadian Dollar US Dollar (CADUSD) Short term stock chart patterns for internet stock trading :

6- the currency pair formed a 0.111 $ height triangle which was broken up at 0.979, target of the pattern is 1.090.
Canadian Dollar US Dollar (CADUSD) Mid term stock chart patterns for internet stock trading :

7- the currency pair was supported by a support line, identified by two points: 0.948 and 0.934, and is currently supporting at 0.952.
Canadian Dollar US Dollar (CADUSD) Long term stock chart patterns for internet stock trading :

8- the currency pair formed Double Bottom Pattern at 0.769 .

Stock Trading Conclusion:
Canadian Dollar US Dollar (CADUSD) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1.01, 1.02, 1.04, 1.09.
Stock Support levels : 0.99, 0.99, 0.99, 0.98, 0.98, 0.97, 0.97, 0.97, 0.96, 0.95, 0.95,.