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GBP/CAD Tradertip Technical Report and Forecast for Wednesday 11 March 2015
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.9120 or 1.9150 if support around 1.9073 hold. After which a pullback to 1.9073 - 1.9048 zone is possible.
Daily Forecast
Pair: GBPCAD
Major Trend: Bearish
Time Frame: H1
Reason: Market has been rejected at 1.9006, the next bet the market will go to 1.9056 and sideway there.
Recommendation: Buy with a target of 1.9056
GBP/CAD Tradertip Technical Report and Forecast for Thursday 12 March 2015
There is bearish potential for a fall to 1.8976 while 1.9060 - 1.9084 resist. After this fall a recovery up to 1.9084 or 1.9109 is expected.
as expected the GBPCAD is in a correction phase the cross may bounce from the support level at 1.8780 but it will continu its downtrend towards the uprising trend at the support level at 1.8528 the hourly main thecnical indicator shows the dows trend is ok if the price can not brook the 1.8780 level it may bounce until1.9276 and continu its side ways movement
GBP/CAD Tradertip Technical Report and Forecast for Friday 13 February 2015
It should be subject to more sell off towards 1.9130 or 1.9016. Corrective upward swings should face resistance around 1.9313 area. A break of 1.9428 is bullish.
Daily Forecast
Pair: GBPCAD
Major Trend: Bearish
Time Frame: H1
Reason: Indicators Bollinger has widened. Market still be a correction at 1.8857 before falling back to 1.8812, or even lower.
Recommendation: Sell
the pair is comfortably trading above 1.9100 mark and now seems to approach the multi-year high level touched in the previous week. Should the pair manage to clear this multi-year high resistance near 1.9300-30 area, it could easily extend with its near-term appreciating move further towards testing 1.9900 resistance area, with 1.9800-20 area possibly acting as intermediate resistance. However, reversal back from 1.9200 resistance area and a subsequent drop back below 1.9200 mark could possibly be followed by some profit taking move, initially towards 1.9150-40 intermediate horizontal support and eventually towards a very important support near 1.8900 mark. Further, reversal from 1.9300 level and a subsequent drop back below 1.9000 mark .
Daily Forecast
Pair: GBPCAD
Major Trend: Bullish
Time Frame: H1
Reason: Market still going upwards towards the third resistance at 1.8943, because there are areas that have not been corrected, but if the pivot point at 1.8855 is broken down, then go directly to 1.8800
Recommendation: Sell stop in 1885, or a buy stop at 1.8909
the daily trend is bearish and in the hourly time frame the price is trading at its daily pivot level at1.8855 at this level the price will bounce as shown by the main thecnical indicators but its wil continu its downtrend the daily resistance level are at 1.8920and 1.8998 and 1.9063 and the daily support level are at 1.8777 and 1.8712
pair- Gbp/cad
time frame to analysis- m30
http://i60.tinypic.com/28knyh.jpg
the stoch indicator is showing overbought as moving level 80. the price is making doji pattern at the resistance 1.8945 level and may again down side. if the price is break support at 1.8900 level then short with profit target at 1.8785 with stop loss at 1.8955
good luck
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