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Thread: Gbp/Cad

  1. #1006
    Senior Member wench is on a distinguished road wench's Avatar
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    On our GBPCAD pair today we can see that the price is taking a downward direction and thats due to the red dots above the candles if the price kept its position lower than the strong resistance 1.8076 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 1.7888 .
    On the other hand if the price penetrated the resistance at the level 1.8076 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 1.8159 of the next Pivot level.
    .

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    According to the analysis made upon the GBPCAD chart today I do notice that a week bullish trend is taking place based on the oscillator which is now at 0.0014 area located above the balance level while at the same time the indicator is giving us a blue signal which makes a week indication that a bullish direction is taking place on the short term. The moving average 5 on the chart giving us a UP slope the bottom located at the price 1.8003 could be considered a good stop loss for if there were buy orders indicated by the indicators we are using.

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  5. #1004
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    The momentum indicator shows a clear cross on the GBPCAD chart when the blue line heads above the red line to construct a very good buying signal for now On the Oracle Strength indicator a blue color is shown and it is an indication for the bullish direction for the GBPCAD pair.
    The blue color of the arrows can be a confirmation for the upward direction at the Oracle direction indicator.
    As a result of the previous indicators the Bearish trend would be appeared as the buy cross of the momentum indicator appears on the chart and the buy trades advised to be taken as the ATR indicator still showing a buy signals.
    .

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    Banned halloiasan is on a distinguished road halloiasan's Avatar
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    When trying to analyze the GBPCAD I can draw a bearish channel as you can see to narrow the market movement area between 2 trend lines Using the donchain channel you can see the price moving at the up edge of it then I can think about selling the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a green bars which appears below the level of 0 which can be considered as a good buy signal Same on the stostatic indicator which show a sell signal by getting an down intersection between two lines near the 80 th level Till now bearish trend seems to be a stronger choise and by the way selling the pair targeting the low level of donchain channel is not bad idea

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  9. #1002
    Senior Member ng1985 is a glorious beacon of light ng1985 is a glorious beacon of light ng1985 is a glorious beacon of light ng1985 is a glorious beacon of light ng1985 is a glorious beacon of light ng1985's Avatar
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    pair- gbp/cad
    analysis time frame- h1



    the price has been break the up trend channel pattern at the support side. its falling down with making a strong bearish candle at the 1.7956 and move 1.7890 level. now the stoch is showing oversold so up movement as correction can expected. long with take profit at 1.8020

    good luck

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  11. #1001
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    On our GBPCAD pair today we can see that the price is taking a upward direction and thats due to the blue dots below the candles if the price kept its position higher than the strong support 1.7862 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 1.8112 .
    On the other hand if the price penetrated the support at the level 1.7862 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 1.7776 of the next Pivot level.
    .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  13. #1000
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    on the GBPCAD one hour chart you can see a green arrow which indicates a bullish trend for now which has a top supporting it at 1.7935 also it can be used as a strong support as the price shouldn't go above it the trend still as a bullish trend.
    And the dots of the parabolic sar indicator located below the candles and that sign for the price to go up In case of there are buying trades are taking place then i think that the 1.8065 is a good place to close a part from your opening trades because the price has a good chance to go down after hitting it .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  14. #999
    Banned halloiasan is on a distinguished road halloiasan's Avatar
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    When trying to analyze the GBPCAD I can draw a bullish channel as you can see to narrow the market movement area between 2 trend lines Using the donchain channel you can see the price moving at the up edge of it then I can think about selling the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a green bars which appears above the level of 0 which can be considered as a good buy signal Same on the stostatic indicator which show a sell signal by getting an down intersection between two lines near the 80 th level Till now bearish trend seems to be a stronger choise and by the way selling the pair targeting the low level of donchain channel is not bad idea

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  15. #998
    Senior Member troykilson is on a distinguished road troykilson's Avatar
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    According to the analysis made upon the GBPCAD chart today I do notice that a week bullish trend is taking place based on the oscillator which is now at 0.0033 area located above the balance level while at the same time the indicator is giving us a blue signal which makes a week indication that a bullish direction is taking place on the short term. The moving average 5 on the chart giving us a UP slope the bottom located at the price 1.7965 could be considered a good stop loss for if there were buy orders indicated by the indicators we are using.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  16. #997
    Senior Member ralf is on a distinguished road ralf's Avatar
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    We can see that the price of the GBPCAD chart we can see that the price is moving above the EMA indicator wave to make a bullish direction during the day Also the RSI indicator shows a buy signal which shows by the line going above the center line of 35 This can be combined with the data from the Macd indicator that is shown by the green lines that going up to indicate that the market bulls are dominating on the market for now I think that you should think in going for bulls until another sell signals appears on the chart by getting the price below the wave of the EMA indicators.
    .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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