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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 below 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 1.7761 at the next few hours so I recommend a sell orders as long as the indicators keep showing the same signals http://bigimage.cz/photos/20141204141767568213133.gif
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A bullish trend is now in action as you can see the green arrow shown on the hourly GBPCAD chart at the current time which is supported with a bottom at 1.7795 which can be also used as a very strong support that the price shouldn’t go below it if the bullish trend still strong.
Also the parabolic sar dots is showing above the candles which is a sign that the price is heading down for a while.
When buying trades take a place I think then the resistance located at 1.7825 can be a good area in order to close some open positions as the price has a good chance to go south after hitting it.
http://bigimage.cz/photos/20141204141767810210981.gif
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Analyzing the GBPCAD for today the price now is located below the grey level 1.7821 which is considered as the support point at MBFX indicator in the same time the vestro indicator shows a bullish 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 1.7804 as the first selling target for now and may continue to reach 1.7787 as the second support level for MBFX indicator.
But if the price breaks level 1.7847 then it cancels the down thinking about buying http://bigimage.cz/photos/20141204141767757233513.gif
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A down channel is now drawn on the GBPCAD and the price is suggested to keep going downward on the short term.
Also you can see the price hits the lower edge of donchain channel which may be a signal for heading north And if you checked awesome oscillator it shows a red bar below the level of 0 to indicate a sell Also the stostatic is showing a bearish signal by having a sell cross and the lines near the level of 20 I guess according to this data selling can be a winning bet as the price is suggested to move down and you can target the low level of donchain channel or the down edge of the drawn channel on the chart but waiting a confirmation from the awesome oscillator can increase the chance for winning sell trades http://bigimage.cz/photos/20141205141776067175865.gif
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A clear cross is occurs on the momentum indicator on the GBPCAD chart as the blue line goes below the red one to perform a good selling signals for the current time.
By the way the red color is shown on the Oracle Strength indicator and then it can be considered as a downward direction signal for the GBPCAD To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the red color on the arrows to perform a downward signal on the short term.
Now according to these data I think a downward trend should be in action as long as the momentum sell cross still on the chart and a sell trades can be taken as long as the ATR indicator keep showing a selling signals.
http://bigimage.cz/photos/20141205141775966214695.gif
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A bearish trend is now in action as you can see the red arrow shown on the hourly GBPCAD chart at the current time which is supported with a top at 1.7855 which can be also used as a very strong resistance that the price shouldn’t go above it if the bearish trend still strong.
Also the parabolic sar dots is showing above the candles which is a sign that the price is heading down for a while.
When selling trades take a place I think then the support located at 1.7805 can be a good area in order to close some open positions as the price has a good chance to go north after hitting it.
http://bigimage.cz/photos/20141205141776262658458.gif
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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 Above the candles for barabolic sar indicator to indicate a downward 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 .
http://bigimage.cz/photos/20141205141776132280410.gif
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A strong bearish trend take a place on the hourly chart of the GBPCAD as the Blade oscillator is now at 0.0018 area below the level of balance and at the same time the indicator is red colored which is a strong indication of bearish 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 top drawn by it at 1.7811 as a good stop loss if you need it in case of sell orders which is very advised according to the indicators signals .
http://bigimage.cz/photos/20141205141776152156318.gif
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analysis for today 12 / 5 / 2014
GBPCAD
Resistance : R1 1.7868 R2 1.7893 R3 1.7913 R4 1.7943
Support : S1 1.7780 S2 1.7755 S3 1.7735 S4 1.7705
Open : 1.7839
High : 1.7855
Low : 1.7793
Range : 62 Pips
Running Price : 1.7816
Strategy : SELL at the level 1.7816 stop loss at the level 1.7868 target take profit at the level 1.7735 or at the level 1.7705
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Analyzing the GBPCAD for today the price now is located above the grey level 1.7812 which is considered as the support point at MBFX indicator in the same time the vestro indicator shows a bullish saturation as it is last signal.
At this situation I can guess that the price may head up to the next MBFX level at the resistance located at 1.7835 as the first buying target for now and may continue to reach 1.7858 as the second resistance level for MBFX indicator.
But if the price breaks level 1.7798 then it cancels the up thinking about selling http://bigimage.cz/photos/20141205141776437208507.gif
