Gbp/Cad

Quote:

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Originally Posted by m148

Day = 2019.03.27
Pair = GBPCAD
Time Frame = Hourly

Results of analysis of the daily pivot point calculations

I see this pair still in strong bullish movement . If this pair can break the 1.7702 resistance level, I predict this pair will go up to the next resistance level at 1.7750 But if this pair go down and break 1.7651 support level, I predict this pair will make some correction to the next support level at around 1.7599

Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 1.7752 and take profit at 1.7665

my advice ..don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.

This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement. I am not responsible for any errors that occur because the only information from the previous calculation

1. Resistance level is. 1.7739
2. Resistance level is. 1.7750
3. Resistance level is. 1.7762

1. Supporting level is. 1.7713
2. Supporting level is. 1.7702
3. Supporting level is. 1.7690

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GbpCad technical analysis by using : Auto pivot indicator.

resistent level 1 - 1.7785
resistent level 2 - 1.7748
resistent level 3 - 1.7714
pivot point - 1.7677
support level 1 - 1.7643
support level 2 - 1.7606
support level 3 - 1.7572

Parabolic SAR indicator there a dot below the candles that indicates a downward direction in addition to that we can see a SELL signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the lower level to perform a upward signal
on the chart of the this pair there is a main down trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bearish direction then I will go for “SELL” positions.

Indicators Signal
Simple Moving Area (48): Down
Momentum (28): Down
Stochastic Oschilator : Down
Standard Deviation 60 : Neutral

Today gbp/cad rate is 1.76617
In my observation the profitable next selling ponit will be 1.76500
and by my mind the profitable next buy point will be 1.76700
You will earn more money if you will follow my views
because i have posted this after checking the previous routine clearly
good luck

today's market technical over view for gbp/cad

according to market technical analysis the market have up trend
the market trend could remain in this position
expected resistance and support levels
market price ----------1.7649

1- Resistance level----------1.7662
2- Resistance level----------1.7675
3- Resistance level----------1.7686
1- Support level-------------1.7634
2- Support level-------------1.7621
3- Support level-------------1.7611

Gbp/Cad

Resistance and Supporting levels:

Resistance is:1.7730
Resistance is: 1.7740
Resistance is: 1.7752

Support is: 1.7704
Support is:1.7680
Support is:1.7677

That is my analysis for today and please that's not 100% guarantee that you will be in profit because loss and profit is the part of Forex Business.

technical analysis of Gbp/Cad

Parabolic is : sell
Moving average:sell

Current price:1.7653
Pivot point:1.7689

Resistance and Supporting level :

1.Resistance level is : 1.7664
2.Resistance level is :1.7678
3.Resistance level is : 1.7695

1.Supporting level is : 1.7630
2.Supporting level is : 1.7615
3.Supporting level is :1.7605

GBPCAD 4 Hour Elliott Wave Analysis 3.21.2019

Besides we have bullish sequences in August 2018 cycle, short term rally from the 1.697 low has 5 waves structure which supports idea of further rally. 5 waves from the mentioned low suggests we have ended only the first leg of potential Elliott Wave ZIG ZAG Pattern. So once B pull completes we can get another leg up C red. As of right now GBPCAD is correcting the short term cycle from the 1.697 low. Pull back is labeled as B red , having ((a)) ((b)) ((c)) subdivisions. We see pull back incomplete when we can still be in ((c)) black leg. Chart is calling for potentially another leg lower, however we don't recommend selling it.

Pivotal Points: 1.7686


Resistance 3: 1.7901

Resistance 2: 1.7835

Resistance 1: 1.7752


Support 1: 1.7603

Support 2: 1.7537

Support 3: 1.7454

Gbp/Cad pair is currently traded at 1.7663 and is H1 chart shows Sell signals. You should place Sell order now.

Moving Average: sell
Pivot Point: 1.7655
Place stop loss at; 1.7700
Place take profit at; 1.7636

Support and Resistance Levels:
First Support; 1.7661

Second Support; 1.7653

Third Support; 1.7632

First Resistance: 1.7668

Second Resistance; 1.7686

Third Resistance: 1.7703

Today analysis for the pair of : Gbp/Cad
--- Trading opinion for the best profitable trade: Open sell ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level of this pair is:
1# Resistance is: 1.7742
2# Resistance is: 1.7777
3# Resistance is: 1.7834
Supporting level of this pair is :
1# Supporting is: 1.7628
2# Supporting is: 1.7593
3# Supporting is: 1.7536

The pair price already touched daily support 1 level (1.7380) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (1.7460).
so buy now from 1.7401
the pivot point will be my target
stop loss will be down the support 1 level (1.7380)
Best of luck friends.