Gbp/Cad

[maggie]

The GBPCAD pair for today seems to be on bearish trend according to the red color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is red color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is sell signal by the way.
Now the signals show a strong bearish signal by the way.
Now the signals show a strong sell trades can take a place as long as the signals remain the same.
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For the stop loss area I think there are 2 ways to exit if the super trend changes it�s color to be green or if the price hits the resistance at the area of 1.7755 which may mean that the bearish direction is over .

[mary]

According to the chart of GBPCAD there are a main down trend signal as the 2 EMA 5 and 6 moving Below the slow EMA of 35 then I guess I will take a sell positions once the other indicators confirm the bearish direction .
There are a dots below the candles for barabolic sar indicator to indicate a upward direction and also I can monitor a sell signal on the MACD indicator which moving Below the level 0 for now beside the CCI line is at the Lower level to perform a downward signal .
As I said before according to the EMA locations selling is my favorite side for today as long as the price didn�t show any opposite bullish signals .

[ANDRIAS]

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analysis for today 11 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 11 / 20 / 2014
OPEN 1.7780
HIGH 1.7800
LOW 1.7716
CLOSED 1.7735

The third resistance (R3) 1.7800 -( 1.7750 - 1.7716 = 0.0034 x 2 = 0.0069 )= 1.7869
The second Resistance (R2) 1.7750 + 1.7800 - 1.7716 = 1.7834
First resistance (R1) 1.7750 x 2 = 3.5501 - 1.7716 = 1.7785
pivot points 1.7800 + 1.7716 + 1.7735 = 5.3251 / 3 = 1.7750
Support for the first (S1) 1.7750 x 2 = 3.5501 - 1.7800 = 1.7701
Support second (S2) 1.7750 -( 1.7800 - 1.7716 = 0.0084 ) = 1.7666
Third Support (S3) 1.7716 -( 1.7800 - 1.7750 = 0.0050 x 2 = 0.0099 )= 1.7617

[nininini]

there are bullish channel drawn on the GBPCAD hour chart as you can see at the picture and also you can mention the yelow color of the moving average which mean that the price is heading up for the current period.

The market opened today at a higher values than the daily pivot point at 1.7743 and according to the data shown it seems that the price may keep going up till it can reach the first daily pivot resistance located at the price of 1.779 if the WPR indicator didn't show any opposite downward signals.

And in case of reaching the target you can keep buying till the next resistance at 1.7836 which is a very strong resistance level to reach before the end of the day.

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[alii.hassan]

the GBPCAD pair is now moving at a bearish trend which can be recognized by the down red arrow above the price and at the same time you can monitor the sell cross between the snake and T2_clean on the 1H chart.
Now to define the levels which may affect the direction you can use the support level at 1.7725 as a good area to claim the profits or keep selling if the price breaks it down while on the other hand the level 1.7805 could be used as a resistance which the stop loss level can be set.
Finally selling can be the right decision for now until an opposite buy cross occurs on the indicators or a blue up arrow is shown

[troykilson]

A strong bullish trend take a place on the hourly chart of the GBPCAD as the Blade oscillator is now at 0.0011 area above the level of balance and at the same time the indicator is blue colored which is a weak indication of bullish direction on the short term.
On the chart itself you can see the moving average 5 sloping down and then you can consider the last bottom drawn by it at 1.7775 as a good stop loss if you need it in case of buy orders which is very advised according to the indicators signals .

[hmmo]

Analyzing the GBPCAD for today the price now is located below the grey level 1.7779 which is considered as the support point at MBFX indicator in the same time the vestro indicator shows a bearish saturation as it is last signal.
At this situation I can guess that the price may head down to the next MBFX level at the support located at 1.7748 as the first selling target for now and may continue to reach 1.7717 as the second support level for MBFX indicator.
But if the price breaks level 1.7829 then it cancels the down thinking about buying

[clark]

As you can see on the chart of GBPCAD the prices is now lower than the EMA line of 40 which could be used as a good sign of bearish trend for today.
Also the power line indicator have is now below the 80 level which indicates a good downward direction signal.
One important thing else is the power momentum indicator which as you can see show a big power of the bearish trend which can be used to filter the entry of sell positions .

[ramadanyu]

The MA indicator changed its color to be green at the GBPCAD pair chart and this happened at the same time as the candles start to show a green color which is a good sign for the traders about a new bullish trend under making.
And about the signal that we have on the BB MACD indicator you can clearly get the green dots above the level of zero which is a signal of the strength of the bullish trend till the moment.
According to my analysis I think bullish direction is more powerful and taking buy trades targeting the resistance at 1.7795 can be easily reach by the price upon the coming hours but this is of course if the price can stay strong enough to hold above the support level at 1.775 .

[samoo]

A bearish cross is now active on the GBPCAD pair between two EMAs 9 and 152 to indicate that the price may go south on the next few hours.
And if you monitor the Histogram indicator you can easily see it is forming a red line as its last signal to form a kind of bearish signal for the pair by being under the 0 level of histogram.
Another red line is shown when you check the Market emotion indicator which can be a good sign for the beginning of fall for lower prices for the GBPCAD Also the slope is moving above the level of 0 at the Guru Angel indicator and the green color is shown to indicate a bullish direction by the current time.
As you can see it is clear that the price may go south to test the next support at the area of 1.7701 at the next few hours so I recommend a sell orders as long as the indicators keep showing the same signals