Gbp/Cad

GBPCAD earlier was capped at 1.7680 and moved downward. The cross rate went beyond 1.7600 and found support at 1.7563. It is now recovering back above the figure. On the hourly chart, technical indicators suggest bearish bias remains strong but the sharp recovery probably signals the end of intraday losses. GBPCAD is expected to trade near 1.7600 over short term.

GBPCAD earlier was capped at 1.7680 and moved downward. The cross rate went beyond 1.7600 and found support at 1.7563. It is now recovering back above the figure. On the hourly chart, technical indicators suggest bearish bias remains strong but the sharp recovery probably signals the end of intraday losses. GBPCAD is expected to trade near 1.7600 over short term.

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.

"Hello dear (indian-forex) members of this great community, :) Today I want to share with you my intraday analysis of GBP/CAD. :)))

GBP/CAD is Strong Sell according to four-hour chart. RSI(14)'s value is (42.524), STOCH(9,6)'s value is (57.754) and STOCHRSI(14)'s value is (10.753).

Let's have a look at today's Support and Resistance levels:

Pivot Point: 1.767
Support 1: 1.7643
Support 2: 1.7617
Support 3: 1.7589
Resistance 1: 1.7696
Resistance 2: 1.7723
Resistance 3: 1.7749

According to the current scenario I would like to recommend you to keep an eye on the pivot point and take your trade according to the support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable day ahead! :happy: :peace:"

Pair is Gbp /cad

Todays my technical analysis of Gbp /cad

Market trend is sell.

Pivot points is =1.765

1 Supporting level is =1.7745

2 SUPPORTING LEVEL IS =1.7615

3 SUPPORTING LEVEL IS =1.7585

And

1 RESISTANCE LEVEL IS =1.7695


2 RESISTANCE level is =1.7725


3 RESISTANCE level is =1.7750

, it's my opinion that day.

Best of luck to all community members of fora forum.


Work work and work.

GBPCAD continues to struggle around 1.6350, attempting to recover further. On the hourly chart, technical indicators suggest bias remains bullish but MACD is still below its signal line. Therefore, upside does not look promising at this time. If breakout is confirmed, GBPCAD would target 1.6400 and even extend to 1.6450.

I am Going to share my analysis of Gbp/Cad

Resistance and Supporting levels:

Resistance is:1.7723
Resistance is: 1.7730
Resistance is: 1.7743

Support is: 1.7716
Support is:1.7674
Support is:1.7661

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.

On our GBPCAD pair today we can see that the price is taking a upward direction and that�s due to the blue dots below the candles if the price kept its position higher than the strong support 1.7862 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 1.8112 .
On the other hand if the price penetrated the support at the level 1.7862 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 1.7776 of the next Pivot level.
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GbpCad analysis Today

Major support and resistance Points:

Support 1.7660
Support 1.7650
Support 1.7640

Resistance 1.750
Resistance 1.7810
Resistance 1.7680

Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.

Gbp/Cad

Moving Average:sell

Resistance and Supporting levels is :


Resistance level is

1> Resistance level is:1.7689
2> Resistance level is: 1.7711
3> Resistance level is: 1.7728


Supporting level is

1> Supporting level is: 1.7658
2> Supporting level is: 1.7645
3> Supporting level is: 1.7628