I think that this is a good opportunity to get in short position from the resistance level at 1.9184 with take profit at 1.8980.
http://i.imgur.com/wjgV24L.png
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I think that this is a good opportunity to get in short position from the resistance level at 1.9184 with take profit at 1.8980.
http://i.imgur.com/wjgV24L.png
Daily Forecast
Pair: GBPCAD
Major Trend: Bullish
Time Frame: H1
Reason: Market predicted only be a correction in the range of 1.9160 or slightly below at 1.9118, before rising to 1.9226. Looks RSI has reached saturation point.
Recommendation: Buy Limit at 1.9118
---------- Post added 02-19-2015 at 08:49 AM ---------- Previous post was 02-18-2015 at 12:31 PM ----------
Daily Forecast
Pair: GBPCAD
Major Trend: Bullish
Time Frame: H1
Reason: Market will towards 1.9295, and if the market is still strong, it will go to 1.9384. For now, the market is still a correction in 1.9240
Recommendation: Buy
dear
resistance3: 1.7543
resistance2: 1.7501
resistance1: 1.7476
Key point: 1.7440
support1: 1.7416
support2: 1.7382
support3: 1.7335
sell: 1.7438
I think that we can get in short position from the resistance level at 1.9279 with take profit at 1.9115.
http://i.imgur.com/uP7WCR4.png
pair- gbp/cad
time frame to analysis- m30
http://i57.tinypic.com/wi9ede.jpg
the price is making higher to high and the macd indicator is higher to lower side. the price is may rejecting down side from the resistance at 1.9295 level. short at the 1.9255 level with profit target at 1.9175 and stop loss at the 1.9300
good luck
After Wednesday's up-move the pair is comfortably trading above 1.9200 mark and now seems to approach the multi-year high level touched in the previous week. Should the pair manage to clear this multi-year high resistance near 1.9300-30 area, it could easily extend with its near-term appreciating move further towards testing 1.9900 resistance area, with 1.9800-20 area possibly acting as intermediate resistance. However, reversal back from 1.9300 resistance area and a subsequent drop back below 1.9200 mark could possibly be followed by some profit taking move, initially towards 1.9150-40 intermediate horizontal support and eventually towards a very important support near 1.9000 mark. Further, reversal from 1.9300 level and a subsequent drop back below 1.9000 mark seems to confirm retest of Feb. 2015 lows support near 1.8700 mark.
analysis for today 2 / 20 / 2015
GBPCAD
Resistance : R1 1.9306 R2 1.9331 R3 1.9351 R4 1.9381
Support : S1 1.9189 S2 1.9164 S3 1.9144 S4 1.9114
Open : 1.9255
High : 1.9264
Low : 1.9231
Range : 0.0033 Pips
Running Price : 1.9235
Strategy : BUY at the level 1.9235 stop loss at the level 1.9189 target take profit at the level 1.9351 or at the level 1.9381
I think that we can get in short position from the resistance level at 1.9149 with take profit at 1.9029.
http://i.imgur.com/pSbzs80.png
pair- gbp/cad
time frame to analysis- m30
http://i61.tinypic.com/2zqwto5.jpg
the price is making equal high at the 1.9275 level and the stoch indicator is lower to high side. if the price is moving down 1.9200 level short with take profit at 1.9100 and stop loss at the 1.9335
good luck
Daily Forecast
Pair: GBPCAD
Major Trend: Bullish
Time Frame: H1
Reason: Visible only market correction in the first daily support at 1.9220, then the market will rise to 1.9343, until the close of the market.
Recommendation: Buy