Gbp/Cad

Woodie's pivot point calculation
time frame = Daily
pair = gbp/cad
Date = March 03. 2014
Resistance 2 = 1.8715
Resistance 1 = 1.8606
Pivot point = 1.8543
Support 1 = 1.8434
Support 2 = 1.8371

if indicates the trend is still trade above from :1.8313
Recommendation: BUY
Take profit1: 1.8360
take profit2: 1.8399
Stop Loss : 1.8265

the weekly out look of the pair is downtrend the price from mid jannury is in retracmement phasis the price trade down until the main support at 1.84973 the next week the price may go side ways and trade between the resistance level 1.87947 which is the weely pivot level and the support level 1.83326 the main thecnical indicators still bearish

according to GBPCAD technical analysis , I predict this pair have BEARISH TREND
the price is break the Support trend line and it is Falling Down with having the Short signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels

Resistent1 # ------- # 1.7432
Resistent2 # ------- # 1.7454
Resistent3 # ------- # 1.7427

Support 1 # ------- # 1.7387
Support 2 # ------- # 1.7368
Support 3 # ------- # 1.7425

I suggest to take SHORT position at ---------- 1.7410
target take profit at ---------- 1.7360
target stop loss at ---------- 1.7450

Technical analysis of Gbp/Cad

Resistance and Supporting levels is :

Moving Average:buy
Current price is :1.7698


Resistance level is

1> Resistance level is:1.7735
2> Resistance level is: 1.7759
3> Resistance level is: 1.7786


Supporting level is

1> Supporting level is: 1.7677
2> Supporting level is: 1.7644
3> Supporting level is: 1.7610

gbp/cad Resistance & Support

Resistance UP
1> Resistance 1.7548
2> Resistance 1.7560
3> Resistance 1.7573

Support DOWN
1> Support 1.7451
2> Support 1.7433
3> Support 1.7425

GBP/CAD is bullish

Moving Averages:BUY

Technical Indicators:BUY

Resistance level 1:1.7421
Resistance level 2:1.7433
Resistance level 3:1.7445

Pivot Points :1.7405

Supporting level 1:1.7392
Supporting level 2:1.7380
Supporting level 3:1.7370

Pound earlier appreciated, pushing GBPCAD towards 1.6600 but the currency quickly lost strength and all gains were erased. On the hourly chart, technical indicators suggest bias is slightly bullish but upside does not look promising. GBPCAD might even correct to 1.6400.

Gbp/cad is sell

Current Price is ;1.7376

Resistance and supporting price is ,,,,

Resistance Price is :

1. Resistance Level:1.7401
2. Resistance Level:1.7420
3. Resistance Level: 1.7435

Supporting price is :

1. Supporting Level: 1.7365
2. Supporting Level: 1.7353
3. Supporting Level: 1.7341

gbp/cad Technical analysis:

Level of Support
1-Support 1.7329
2-Support 1.7245
3-Support 1.7311

Level of Resistance
1-Resistance 1.7431
2-Resistance 1.7448
3-Resistance 1.7462