Gbp/Cad

[TheFxTrader]

I think that we should wait until the price break the resistance level at 1.8869 then we can get in long position with target's up to 1.9003 and 1.9085.

[TheFxTrader]

It seems that in the 4H time frame the price is rising, but I think that the price will continue falling down from the current levels, that's why I think that we can get in short position from the current level with take profit at 1.7958.

[TheFxTrader]

As we can see in the chart decree below the stochastic indicator is in oversold condition that's why we can get in long position with take profit at the support level at 1.8395.

[totaa]

When trying to analyze the chart we can monitor that the last pattern on the GBPCAD was a up one according to the brain trend indicator by having the above arrow that drawn on the chart upward the actual price and also the most important below is set by the red line at bearish In another view the RSI indicator agrees with the 1.917 way it keeps downward the level 50th on the center to end us up having a two downward signal to choose the resistance orders and then it is better to 1.8975 the short term trade 0 When talking about the trade target I do think that the 0 which could be found at the price sell is a perfectly robust and the price may found some snags when it reaches it which make it a convenient spot to exit the trade and waiting for the price action within this standard.

[m.magdy]

the prices on the chart of the GBPCAD stays heading below the Ichimoku Cloud and the blue color to tell about a probably of good chance for the longer trend to be bearish and target the upcoming support area near 1.9045 qoutes.
You can also mention the bearish cross between the two lines of Tenken Sen and the Kijun sen where the green line of tenken sen goes below the line of kijun sen which we can use as a signal for a strong move due to this signal which goes with the previous trend of the Cloud.
1.9045 At this condition the support line founded at 1.9065 have a big opportunity to be hit before the target of 1.9045 accomplished.

[totaa]

When trying to analyze the chart we can monitor that the last pattern on the GBPCAD was a up one as we can see the brain trend indicator brings up the above arrow drawn upward the price and the last key below level is located by the red line at bearish In the other hand the RSI indicator have a signals that confirms with the 1.919 trend direction as it is now stays downward the 50th level which gives us a two downward signal to choose the resistance positions and then I guess that we have to 1.901 the short term trade 0 By the way the 0 that located at the price sell is a quite strong and the price may found some problems when it reaches it which make it a suitable place to exit the trade and waiting for the price action within this level.

[m.magdy]

analysis for today 12 / 11 / 2013
My daily trading,I hope the day is a success ...
GBP/CAD (Daily Trade)

Resistance : R1 1.7497 R2 1.7522 R3 1.7542 R4 1.7572
Support : S1 1.7375 S2 1.7350 S3 1.7330 S4 1.7300

Open : 1.7430
High : 1.7450
Low : 1.7422
Range : 28 Pips
Running Price : 1.7428

For intraday trade today suggest BUY at the level 1.7428 stop loss at the level 1.7375 target take profit at the level 1.7542 or at the level 1.7572

[nour.mohamed]

After today?s opening the cost heads below the Trendline marker and leads the deal to a downward direction and then the price seems to start falling to trial the incoming support ranks at 1.8635 as the accompanying target move. still the bearish direction still still not confirmed by the set of trend indicators like the don't have all a bearish signal so we can say the step is probably week for the time being. Furthermore the TDI indicator stands close to the lower brink and have a sell signal which could be a right confirmation that makes you think of joining with the bearish direction till it changed the bullish signal.

[nour.mohamed]

the price heads below the Trendline index and leads the market to a downward trend followed by the price consecutive falling to trial the incoming support stages at 1.856 locating the next objective. In addition to the bearish signs stand still not confirmed by the set of trend signals as they don't have all a bearish signal so we can say the step is probably week at the moment. By the way the TDI indicator holds close to the lower brink and have a sell signal which could be a positive confirmation for the causing of entering with the bearish direction till it changed the bullish point.

[m.magdy]

The prices shown on the GBPCAD keeps going below the Ichimoku Cloud and also there are an apperiance of the blue color for now which let us think about the long term direction of bearish targeting the next support levels which assumes to be sets at 1.857 prices.
Within the main direction there are a bullish signal at the two lines of Kijun sen and the Tenken sen as the tenken sen which colored in green moves above the line of kijun sen which we can use as a signal for a week move because it?s direction goes against the previous trend of the Cloud.
1.857 Finally I think due to this situation the support area that founded at 1.8595 have a great chance to be hit just to let the main target 1.857 arrived.