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Hit that thanks :good:
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The price of the GBPCAD is moving on the area below the Ichimoku Cloud which is now showing a blue color at the moment then it's safe to consider that we are may be going towards a long term direction of bearish and go straight for the next support area which could be sets at 1.8315 prices.
Also whithin this direction there are bullish signal at the two lines of Kijun sen and the Tenken sen as the tenken sen which colored in green moves above the red kijun sen line then we can be informed about being in a week move because it?s direction goes against the trend.
1.8315 At this condition the support zone located near 1.8335 have a great chance to be hit just to let the main target 1.8315 reached.
http://imagizer.imageshack.com/img92.../V9KSSK.th.gif
As followed by today?s head start the price came to flow below the Trendline marker and drives the business sector to a downward trend followed by the price consecutive falling examining the reckoned support heights at 1111 with mobile change of the next target. Moreover the bearish trend still confirmed by the group of signals that came by the index as they have all a bearish sign we can say the move is obviously strong right now. by the way the TDI pointer holds close to the lower edge and made a DATA signal which could be a excellent warning for the thinking of entering with the bearish drift till maintains the bullish signal.
http://fs5.directupload.net/images/160502/88rklbdb.gif
The price of the GBPCAD is moving on the area below the Ichimoku Cloud which shows the blue color for now and this is a good sign for excpecting a long term direction to be bearish and thinking about hiting the next support zone that founds at 1.8345 prices.
Within the main direction there are a bullish cross between the two lines of Tenken Sen and the Kijun sen where the green line of tenken sen goes above the kijun sen line which have the red color then we can be aware about being through a week move due to this signal which goes against the trend.
1.8345 At this condition the support area that founded at 1.836 have a big opportunity to be hit before the target of 1.8345 arrived.
http://imagizer.imageshack.com/img92.../yBwBiO.th.gif
After Today opening the price heads below the Trendline symbol and leads the business to a downward direction and then the price seems to start falling to test the up and coming support ****es at 1.8435 locating the next objective. In addition to the bearish trend still still not certified by the set of direction pointers as they don't have all the bearish point which indicates the wave to be week momentary. Moreover the TDI index sets to a middle edge and have a buy sign which could be a not too bad warning for the cogitation of get in with the bearish direction till it changed the bullish signal.
http://fs5.directupload.net/images/160504/3lnrwjcj.gif
The prices shown on the GBPCAD keeps going below the Ichimoku Cloud and also there are an apperiance of the blue color for now which let us think about the long term direction of bearish targeting the next support levels which assumes to be sets at 1.857 prices.
Within the main direction there are a bullish signal at the two lines of Kijun sen and the Tenken sen as the tenken sen which colored in green moves above the line of kijun sen which we can use as a signal for a week move because it?s direction goes against the previous trend of the Cloud.
1.857 Finally I think due to this situation the support area that founded at 1.8595 have a great chance to be hit just to let the main target 1.857 arrived.
http://imagizer.imageshack.com/img92.../gavhvk.th.gif
the price heads below the Trendline index and leads the market to a downward trend followed by the price consecutive falling to trial the incoming support stages at 1.856 locating the next objective. In addition to the bearish signs stand still not confirmed by the set of trend signals as they don't have all a bearish signal so we can say the step is probably week at the moment. By the way the TDI indicator holds close to the lower brink and have a sell signal which could be a positive confirmation for the causing of entering with the bearish direction till it changed the bullish point.
http://fs5.directupload.net/images/160505/7u7npxg5.gif
After today?s opening the cost heads below the Trendline marker and leads the deal to a downward direction and then the price seems to start falling to trial the incoming support ranks at 1.8635 as the accompanying target move. still the bearish direction still still not confirmed by the set of trend indicators like the don't have all a bearish signal so we can say the step is probably week for the time being. Furthermore the TDI indicator stands close to the lower brink and have a sell signal which could be a right confirmation that makes you think of joining with the bearish direction till it changed the bullish signal.
http://fs5.directupload.net/images/160511/2znt73hh.gif
analysis for today 12 / 11 / 2013
My daily trading,I hope the day is a success ...
GBP/CAD (Daily Trade)
Resistance : R1 1.7497 R2 1.7522 R3 1.7542 R4 1.7572
Support : S1 1.7375 S2 1.7350 S3 1.7330 S4 1.7300
Open : 1.7430
High : 1.7450
Low : 1.7422
Range : 28 Pips
Running Price : 1.7428
For intraday trade today suggest BUY at the level 1.7428 stop loss at the level 1.7375 target take profit at the level 1.7542 or at the level 1.7572