Gbp/Cad

daily overview for Gbp-Cad
r3: 1.8711
r2: 1.8671
r1: 1.8592
s1: 1.8473
s2: 1.8433
s3: 1.8354
the pair broke the channel to down
so our trade for the pair is sell

Spoiler:

http://vvcap.net/db/h8fQ0yFSKFlEsiECmQNZ.png

Daily Forecast

Major Trend: Bullish
Time Frame: H1
Reason: Market has corrections and reject at 161.8 fibo which in turn will lead to the 261.8 / 423.6. But if Fibo 161.8 pierced, then canceled.
Recommendation: Buy with a target of 1.8705 / 1.8836

daily overview for Gbp-Cad
r3: 1.8953
r2: 1.8836
r1: 1.8741
s1: 1.8529
s2: 1.8412
s3: 1.8317
the pair is trade in down trend
so our trade for the pair is sell

The waveform analysis using "Elliott Waves" public image in the price movement is expected during the medium of time to short, it is noticeable that the Elliott Wave Home for the pair moving on a time clock H1 Frame has begun to level (1.8512) It is expected that this wave ends near level (1.8724)

currently the pair is trading around 1.85 and so far at the time of writng the pair is struglling perhapes the decsiison of interest rate and out look of the uk economy and it may be weigted in up coming days

daily overview for Gbp-Cad
r3: 1.8808
r2: 1.8746
r1: 1.8624
s1: 1.8440
s2: 1.8378
s3: 1.8256
the pair broke the channel to up
so our trade for the pair is buy

The graphs index in the case of access to reverse the main wave to frame the four hours H4 tells us that in the case of 4 hours candle failed to close above the resistance (1.8629), then it is possible a correction movement downward wave key will be trading the selling within the wave secondary correction among ( 1.8690) and (1.8690) to open the way upward in the future to the region (1.8752) and can close this new deal at (1.8416).

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pair- gbp/cad
time frame to analysis- m30

http://i58.tinypic.com/15pna77.jpg

the stoch indicator is moving out from the oversold level 20 and having up trend signal with parabolic sar also. the down movement of the price is not able to break the support at 1.8375 level and may again up side. long with profit target at 1.8535 level and stop loss at the 1.8363
good luck

Graphic index in the case of access to reverse the main wave to frame the four hours H4 tells us that in the case of 4 hours candle failed to close above the resistance (1.8527), then it is possible a correction movement downward wave key will be trading the selling within the wave secondary correction among (1.8498 ) and (1.8454) to open the way upward in the future to the region (1.8569) and can close this new deal at (1.8530).