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GBP/CAD
The GBP/CAD is still in uptrend. If the market stays above 1.7200 we can expect uptrend continuation.
A strong 4h close above 1.7200-1.7223 will make a decisive move forward towards higher targets. Until that happens, the trend is still bullish but the price might drop. The best scenario is a close above W H3 pivot – 1.7223 and then we shouldsee a move towards 1.7250 and 1.7323. As long as the price hovers below 1.7200, we might see another drop lower.
GBP/CAD - British Pound Canadian Dollar
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| AD |
1.7519 +0.0134 +0.77%
06/03 - Closed.
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Hourly
Daily
18:00
Mar 7
21:00
1.7400
1.7425
1.7450
1.7475
1.7500
1.7525
1.7518
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
gbp/cad>>
pivot point :1.7260
first resistance is on point : 1.7275
second resistance is on point : 1.7285
third resistance is on point : 1.7296
In my observation the profitable next selling point will be 1.7310
and by my mind the profitable next buy point will be 1.7180
I think thats the successful key points for selling and buying for this pairs.>>>
You will earn more money if you will follow my views,
because i have posted this after checking the previous routine of daily time frame of H1,H4 clearly.
note;simply moving on parabolic levels entry.>
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.
Aj k liye buy Karna zaida better rahay ga
Pair: gbp/cad
Today indicators shown bearish short terms trend.
Pivot Point : 1.7210
Supporting Levels:
Support 1: 1.6832
Support 2: 1.6912
Support 3: 1.6813
TREND: Bearish
Resistance Levels:
Resistance 1: 1.7234
Resistance 2: 1.7198
Resistance 3: 1.7256
When today the market is opened then showing up and supporting levels are also available here its not remain here this pair because h4 telling here down side that is up trends.
Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
DXY is shedding some ground after reaching fresh yearly peaks in the proximity of 99.20 earlier on Friday.
The current overbought levels in the dollar coupled with the strong rally carry the potential to spark a correction lower to, initially, the November 2019 top at 98.54 in the near-term.
Looking at the broader picture, the constructive perspective on the dollar is seen unaltered as long as the 200-day SMA at 97.76 underpins
When trying to analyze the GBPCAD I can draw a bearish channel as you can see to narrow the market movement area between 2 trend lines Using the donchain channel you can see the price moving at the up edge of it then I can think about selling the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a green bars which appears below the level of 0 which can be considered as a good buy signal Same on the stostatic indicator which show a sell signal by getting an down intersection between two lines near the 80 th level Till now bearish trend seems to be a stronger choise and by the way selling the pair targeting the low level of donchain channel is not bad idea
GBP/CAD
Resistance : R1 1.8609 R2 1.8634 R3 1.8654 R4 1.8684
Support : S1 1.8492 S2 1.8467 S3 1.8447 S4 1.8417
Open : 1.8546
High : 1.8567
Low : 1.8534
Range : 33 Pips
Running Price : 1.8554
Strategy : BUY at the level 1.8554 stop loss at the level 1.8492 target take profit at the level 1.8654 or at the level 1.8684