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The third resistance (R3) 1.8138 -( 1.8076 - 1.7984 = 0.0092 x 2 = 0.0184 )= 1.8322
The second Resistance (R2) 1.8076 + 1.8138 - 1.7984 = 1.8230
First resistance (R1) 1.8076 x 2 = 3.6152 - 1.7984 = 1.8168
pivot points 1.8138 + 1.7984 + 1.8106 = 5.4228 / 3 = 1.8076
Support for the first (S1) 1.8076 x 2 = 3.6152 - 1.8138 = 1.8014
Support second (S2) 1.8076 -( 1.8138 - 1.7984 = 0.0154 ) = 1.7922
Third Support (S3) 1.7984 -( 1.8138 - 1.8076 = 0.0062 x 2 = 0.0124 )= 1.7860
Before entering into any transaction, you should know your pain threshold. The best way is to make sure that your losses are controlled and that you will not enter a trade for emotional reasons. Investing in Forex trading is difficult; there are many more losses than successful transactions.
air GBP / AUD failed to break the support level 1.8045 and the price began to rise to the level of 1.8152 and stochastics on H4 chart indicates the continuation of the pair to the level 1.8250.
Pair is : Gbp/Aud
Today trend is : bearish
today resistance and supporting level with the price of stop lose and take profit
Resistance level is : 1.7455
other resistance is : 1.7479
Supporting level is :1.7287
Other support is : 1.7216
Set the take profit is: 1.7293
Set the stop lose is: 1.7368
A clear cross is occurs on the momentum indicator on the GBPAUD chart as the blue line goes above the red one to perform a good buying signals for the current time By the way the blue color is shown on the Oracle Strength indicator and then it can be considered as a upward direction signal for the GBPAUD To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the blue color on the arrows to perform a upward signal on the short term Now according to these data I think a upward trend should be in action as long as the momentum buy cross still on the chart and a buy trades can be taken as long as the ATR indicator keep showing a buying signals.
the price seems to move in downward trend today on the GBPAUD chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 1.8417 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 1.816 .
In other scenario if the price can break the resistance 1.8417 and get a bullish signals by a blue dots then it�s expected to keep going north till the resistance of 1.8557 as the next weekly Pivot point.
With my prediction of several indicators for the technical analysis of currency pairs GBPCAD on the market today are at the 1.7905 support level then I recommend you to do the open position BUY with some criteria such as the following. You put a take profit at 1.7990 positions. You put a stop loss at 1.7903 positions
The indicator Bollinger Bands is trend down and signal Parabollic SAR is trend down then Support and resistance at
Resistent1 = 1.7939
Resistent2 = 1.7987
Resistent3 = 1.8000
Support 1 = 1.7905
Support 2 = 1.7892
Support 3 = 1.7880
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Today analysis
gbpaud
Trend buy
Support level 1: 1.7960
Support level 2: 1.7930
Support level 3: 1.7900
Resistance level 1: 1.8020
Resistance level 2: 1.8050
Resistance level 3: 1.8080