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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 1.7975 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 down In case of there are buying trades are taking place then i think that the 1.8075 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 http://bigimage.cz/photos/20010101978308849129601.gif .
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On the GBPCAD chart we can see that the prices are currently lower than that 15 EMA line which could act greatly as a bearish trend sign for the day.
A good downward direction signal is indicated by the power line indicator which is below the 50 level now.
Also a high power of the bearish trend is shown by the power momentum indicator which is really important as it can be used to filter the sell position's entry.
http://bigimage.cz/photos/20010108978945399447874.gif .
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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 red bars which appears above the level of 0 which can be considered as a good sell 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 http://bigimage.cz/photos/20010108978941620650609.gif
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1 Attachment(s)
Daily forecast: GBPCAD 27 Oct. 2014.
Technical analysis for Daily forecast of GBPCAD 27 October, 2014. In Daily chart GBPCAD shows bullish trend. At present GBPCAD above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.83034.
Pivot: 1.80363
Resistance levels
R1 1.81109
R2 1.81542
R3 1.82288
R4 1.83034
Support levels
S1 1.79930
S2 1.79184
S3 1.78751
S4 1.78318
Attachment 12046
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brother yes ya gbp/usd ya pair bohat hi best hai or hum is main best trading kar akty hain or is main achi trading ka k is main profit het kar sakty hain .
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The resistance level at 1.8125 will make the price fall down to the support level at 1.8070 that's why I think that this is a very good short position.
http://i.imgur.com/SEsGewO.png
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http://www8.0zz0.com/2014/10/27/23/850180835.png
cci(14) : 62.366
bulls (13) : 0.001
i see the in pair up trend
so i will buy from : 1.8126
and my target today is : 1.8226
and target 2 today is : 1.8326
good luck
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On our GBPCAD pair today we can see that the price is taking a upward direction and that’s due to the blue dots below the candles if the price kept its position higher than the strong support 1.7922 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 1.8243 .
On the other hand if the price penetrated the support at the level 1.7922 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 1.7768 of the next Pivot level.
http://bigimage.cz/photos/20010109979000350676462.gif .
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On the gbpcad chart you can see a bullish trend due to the green color of the super trend and it is the main indicator to know the price movement direction.
The Nonlong dot is colored in red and that is an indication for a sell signal.
The signals now are showing a week bullish trend also the buy trades can take place as soon as the Nonlog indicator have a changes to confirm the new direction.
When we talk to the stop loss area we can think about two ways to end first if the price reaches the support of 1.8118 and the second when the super trend changes its color to red that means that the bullish trend has ended.
http://bigimage.cz/photos/20010109979027439146155.gif
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On the GBPCAD chart we can see that the prices are currently lower than that 15 EMA line which could act greatly as a bearish trend sign for the day.
A good upward direction signal is indicated by the power line indicator which is above the 50 level now.
Also a high power of the bearish trend is shown by the power momentum indicator which is really important as it can be used to filter the sell position's entry.
http://bigimage.cz/photos/20010109979030584168211.gif .
