my analysis of the trading pair : Gbp/Cad
So Resistance and Supporting Level is,,,,
pivot point is:1.7389
Resistance Level is:
R1:1.7385
R2:1.7398
R3:1.7410
Supporting Level is:
S1:1.7345
S2:1.7332
s3:1.7319
Over All Trend Is :sell
Printable View
my analysis of the trading pair : Gbp/Cad
So Resistance and Supporting Level is,,,,
pivot point is:1.7389
Resistance Level is:
R1:1.7385
R2:1.7398
R3:1.7410
Supporting Level is:
S1:1.7345
S2:1.7332
s3:1.7319
Over All Trend Is :sell
the price is break the channel pattern to the resistance at 1.8524 level and moved to the daily resistance three at price 1.8628 level. the price is showing overbought with the stoch indicator so it will make some correction. it will move down side so short with the take profit at 1.8460 and stop loss at the 1.8650
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
Gbp/Cad
today currenc
y trend is : buy
Resistance and Supporting level is :
Current price is: 1.7371
1>Resistance Level is: 1.7399
2>Resistance Level is: 1.7413
3>Resistance Level is: 1.7439
Daily supporting level
1>Supporting Level is: 1.7350
2>Supporting Level is: 1.7332
3>Supporting Level is: 1.7305
order is made if the price approaching 1.7530 and 1.7450 to buy, so when the price falls to 1.7450 figure we'll be able to produce a good market direction,, our minimum order takeprofit 25 points,
this is my analysis for GBPCAD
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakdown of the resistance level at 1.7347 and the pair will continue to go down to the next level level at 1.7325 in my personal view this pair will be continue bullish trend, for intraday trading today I suggest SELL at the level 1.7356 stop loss at the level 1.7311and target take profit at the level 1.7391
Resistance1 : ------- 1.7394
Resistance2 : ------- 1.7417
Resistance3 : ------- 1.7390
Support 1 : -------- 1.7349
Support 2 : -------- 1.7330
Support 3 : -------- 1.7386
if market movement as my scenario, you can earn good profit and avoid much loss in your trading . keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.
today GBP/CAD Price support
Resistance 1 1.7390
Resistance 2 1.7417
Resistance 3 1.7436
Support 1 1.7386
Support 2 1.7370
Support 3 1.7352
gbp/cad Resistance & Support
Resistance
1 Resistance 1.7558
2 Resistance 1.7540
3 Resistance 1.7566
Support
1 Support 1.7431
2 Support 1.7423
3 Support 1.7418
Gbp/Cad
today currenc
y trend is : buy
Resistance and Supporting level is :
Current price is: 1.7371
1>Resistance Level is: 1.7399
2>Resistance Level is: 1.7413
3>Resistance Level is: 1.7439
Daily supporting level
1>Supporting Level is: 1.7350
2>Supporting Level is: 1.7332
3>Supporting Level is: 1.7305
Woodie's pivot point calculation
time frame = Daily
pair = gbp/cad
Resistance 2 = 1.8911
Resistance 1 = 1.8555
Pivot point = 1.8483
Support 1 = 1.8427
Support 2 = 1.8355
hopefully can help your trading
good luck.