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pair-gbp/cad
time frame-m30
http://i62.tinypic.com/t6s2h2.jpg
the down movement of the price is making correction from the support at 1.8195 level and moved to the fibo resistance at 38.2 level at the price 1.8330. the stoch indicator is overbought so price may again down side. short with profit target at 1.8165 and stop loss at 1.8394
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market recently formed a bullish candle. Predicted targets are in the range between the two until at 1.8383 resistance
Recommendation: Buy with a target of the second resistance
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 (1.8579) It is expected that this wave ends near level (1.8144)
Charts indicate in the case of access to reverse the main wave to frame the four hours H4 that in the event that the candle 4 hours failed to close below support (1.8128), then it is possible a correction movement upward wave key will be trading SPV within wave secondary correction among (1.8167) and (1.8134) to open the downward field in the future to the region (1.8052) and can close this new deal at (1.8087).
We have seen through the end of trading last week from the UK release of employment data and unemployment as the general unemployment rate registered a drop of 5.7% to 5.6% on a monthly basis as expectations as jobless claims decreased by 20 700 in the past month and finally the average wage decrease in height to 1.7% Level quarterly on an annual basis
On the other side of the Canadian economy, we have seen on Friday very positive results in the Canadian data, where issued retail sales nonessential and the results of which rose by 1.7%, also recorded a core retail sales are also up by 2.0% on a monthly basis and better than expectations, which were monitor height of only 0.7% on the same level and on the other hand, core consumer price index, which recorded an increase was also 0.6% was issued and finally non-essential consumer price index rose by 0.7% on a monthly basis
And our appointment today promptly at 14:05 GMT with the interview, Mr. Buluz governor of the Bank of Canada
*Technically: The pair traded during last week break Alclastr forces at 1.8300 levels and closing below two consecutive days and we expect the pair to complete the landing until 1.8050 levels and 1.7900 levels in the case of the survival of the lowest trading 1.8330 levels
And cancel this scenario in the case of breaching 1.8330 and closing candle today Nilai
the price is hold at the daily support 1.8216 and moving up with break the strong trend line. its also having the long singnal with the parabolic sar also but now its at the higher resistance level 1.8416 and stoch is also overbought.
analysis for today 12 / 11 / 2013
My daily trading,I hope the day is a success ...
GBP/CAD (Daily Trade)
And my target today is: 173.80
And target2 today is:173.24
Good luck
Technical studies indicate that in the case of the falling price level could be tested closer at (1.8150) which is the best closing sales that have been implemented in the morning levels.
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market still be heading to 1.8400, for correction on previous support. But if there are no big bullish volume, the sideway market today.
Recommendation: Buy
We are witnessing today the issuance of Britain British bond auction for 30 years and is the only news today of the British economy and all eyes on tomorrow to vote for the monetary policy committee on interest rates and asset purchases
On the other side of the Canadian economy today issued promptly at 12:30 GMT, wholesale sales, which are forecast to rise by 0.2% on a monthly basis compared to the signal decreases by 3.1% last month
*Technically: still GBP Canadian trading steadily lower levels of 1.8300 and we expect the pair to complete the landing until 1.8050 levels and 1.7900 levels in the case of the survival of the lowest trading 1.8330 levels
And cancel this scenario in the case of breaching 1.8330 and closing candle today Nilai
Spoiler: