Today Analysis GBPCAD
Market Trend Bearish
Pivot Point 1.7472
S 1 1.7390
S 2 1.7341
S 3 1.7259
R 1 1.7522
R 2 1.7603
R 3 1.7653
Printable View
Today Analysis GBPCAD
Market Trend Bearish
Pivot Point 1.7472
S 1 1.7390
S 2 1.7341
S 3 1.7259
R 1 1.7522
R 2 1.7603
R 3 1.7653
Gbp/cad today's Analysis is;
Hour 4 Trend; Buy
Support and Resistance:
Support 1===== 1.7463
Support 2===== 1.7456
Support 3===== 1.7442
Resistance 1===== 1.7478
Resistance 2===== 1.7485
Resistance 3===== 1.7497
Going along with that theme of risk aversion has been the scenario of Yen-strength, which remains a visible theme across FX-pairs. The Yen gapped-higher to open this week, and this shows as gaps-down in pairs like EUR/JPY, USD/JPY and AUD/JPY. AUD/JPY has already filled that gap around yesterday’s RBA rate decision; but the remaining unfilled gap in both EUR/JPY and USD/JPY is of concern, as Yen strength has remained without so much as a pullback so far this week.
the GBPCAD chart the main trend is currently taking a down direction and that�s because of the position of the 5 and 6 EMAs which are below the 35 EMA and as a result taking sell positions is the right choice once I get the confirmation from the other indicators that the direction will be bearish .
The parabolic sar indicator shows that the price might be taking a upward direction according to the dots below the candles The MACD indicator is giving me a sell signal which is currently moving below the 0 level also the CCI line is performing a upward signal as is at the Higher level.
the pair price already touched daily support 1 level (1.7380) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (1.7460).
so buy now from 1.7401
the pivot point will be my target
stop loss will be down the support 1 level (1.7380)
this is my analysis for GBPCAD
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakdown of the resistance level at 1.7458 and the pair will continue to go down to the next level level at 1.7436 in my personal view this pair will be continue bullish trend, for intraday trading today
My Analysis for
GBPCAD
Trend Bearish
PIVOT 1.7475
Support 1 1.7398
Support 2 1.7350
Support 3 1.7273
Resistance 1 1.7523
Resistance 2 1.7600
Resistance 3 1.7648
GBPCAD ANALYSIS
Expected trend for today: Bullish
Support 1.7361
Support 1.7337
Support 1.7304
Resistance 1.7419
Resistance 1.7452
Resistance 1.7476
Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.
the pair price already touched daily support 1 level (1.7380) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (1.7460).
so buy now from 1.7401
the pivot point will be my target
stop loss will be down the support 1 level (1.7380)
once in the prediction of several indicators for the technical analysis of currency pairs GBPCAD on the market today at 1.7507 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit positions at 1.7422 You put a stop loss positions at 1.7506, that's indicator Bollinger Bands is trend down and signal Parabollic Sar is BEARISH TREND
The following resistance and supporting level of this pairs is as below :
The First Resistance -- 1.7507
Second Resistance -- 1.7519
Third Resistance -- 1.7532
The First Support -- 1.7437
Second Support -- 1.7424
Third Support -- 1.7412
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk. please .. share your analysis, so we can discuss in this forum to maximize our profit