Today we will analyze the currency pair Singapore Dollar Canadian Dollar (SGDCAD) for internet stock trading in the FOREX stock market,
Stock Technical indicators to notice in Singapore Dollar Canadian Dollar (SGDCAD)
1- Last bearish trend was from 0.82 $ (8/23/2011) to 0.78 $ (9/21/2011) a 0.04 $ move 2- The current bullish trend started from 0.78 $ at 9/21/2011 and is currently trading at 0.83 $.
3- SGDCAD current support level is at 0.82 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
4- SGDCAD current resistance level is at 0.83 which is the 127.20 % fibonacci retracement of the last 0.04 $ 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.
Singapore Dollar Canadian Dollar (SGDCAD) Short term stock chart patterns for internet stock trading :

6- the currency pair traded in a bullish stock channel identifed by support at 0.778 and 0.760,resistance between 0.820 and 0.791 which was broken down at 0.804.
Singapore Dollar Canadian Dollar (SGDCAD) Mid term stock chart patterns for internet stock trading :

7- the currency pair was resisted by a resistance line, identified by two points: 0.803 and 0.845 that was broken up at 0.727 transforming into a supporting line.
Singapore Dollar Canadian Dollar (SGDCAD) Long term stock chart patterns for internet stock trading :


Stock Trading Conclusion:
Singapore Dollar Canadian Dollar (SGDCAD) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.832, 0.840, 0.846.
Stock Support levels : 0.820, 0.818, 0.810, 0.804, 0.804, 0.799, 0.798, 0.794, 0.788, 0.778,.