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Gbp/Cad I am not expecting the bearish movement as long as it is above the resistance level. Market tested the support levels multiple times in last week but it was not able to break the support level so I don't think so that market has much power now to break the support level but let's see next week if the market gets some strength to break the support level.
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Dear i.forex members
GBP.CAD
On this Day i will predicted this pair have being bearish down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator.
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Kitco News) - The Australian mining sector continues to ride a wave of good news as the nation saw record gold production in 2019 and in the last quarter of the year, according to mining consultancy Surbiton Associates.
In a report published Sunday, the firm said that Australian gold production rose to 325 tons, with 87 tons produced between October and December.
βIn addition to 2019 having the highest-ever gold production in Australia, the December 2019 quarter was really outstanding,β said Sandra Close, a director of Surbiton Associates. βThe record output was due to new projects coming on stream and ramping up production, other operations recovering from poor performances in the September quarter and some increases in throughput and grade.β
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Calculation For Trading:
Resistance Level (R1): 1.760
Resistance Level (R2): 1.748
Resistance Level (R3): 1.734
Pivot Point: 1.722
Support Level (S1): 1.708
Support Level (S2): 1.696
Support Level (S3): 1.682
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gbp.cad
Resistance UP ^
pivot point # 1.7204
1#Resistance 1.7217
2# Resistance 1.7235
3# Resistance 1.7244
Support DOWN V
1# Support 1.7098
2# Support 1.7090
3# Support 1.7083
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Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
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(Kitco News) - Equinox Gold Corp. (TSX, NYSE American: EQX) Monday reported an adjusted profit for the fourth quarter and moved another step closer to a takeover of Leagold Mining Corp. by getting approval from the Mexican government.
The company listed adjusted net income of $20.9 million for the October-December period, a turnaround from a $4.2 million adjusted loss in the fourth quarter of 2018.
Equinox reported fourth-quarter production of 80,176 ounces of gold, a quarterly record and up sharply from 25,601 in the same period of 2018. The average realized gold price rose to $1,482 an ounce from $1,237.
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Today market analysis and trend:buy
According to indicators :-
Parabolic sar
Bollinger band
RSI
And
Moving average
Tell the about market trend up so we do trade in buy and take good profit
Forex Trading Is The Tree Of Money If You want Become A Millionaire So Achieve Good Knowledge About Trading
π BesT Of LucK π
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Hello Members
Today pair GBP/CAD
Market trend condition today is Bullish
Supporting 1.7179
Supporting 1.7193
Supporting 1.7199
Resistance 1.7227
Resistance 1.7235
Resistance 1.7243
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Today i am going to discuss this pair in my own justification and analysis. I think this pair i the most. Faverable pair in the forex market .
Thats reason why i using this pair for my profitable trade
Technical analysis on basis of these indicators
Parabolic sar
Fivo piv
Moving everages
And also RSI