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pair is:Gbp/Cad
Trend with indicator and Pivot Point ,
Pivot Point is ;1.7475
Indicators is :
Moving Average trend is:Buy
Parabolic Trend is:Buy
Resistance levels is:
Resistance 1 is:1.7451
Resistance 2 is:1.7465
Resistance 3 is:1.7485
Supporting levels is :
Supporting 1 is :1.7414
Supporting 2 is :1.7402
Supporting 3 is : 1.7391
This calculation can be used as a guide price action forex trading today.
I just give you the information and do not impose to use this price calculation.
Good luck.
GBPCAD Today Analysis
Market Trend Bearish
Pivot Point 1.7465
S1>>>>> 1.7418
S2>>>>> 1.7383
S3>>>>> 1.7335
R1>>>>> 1.7500
R2>>>>> 1.7548
R3>>>>> 1.7582
GBPCAD Analysis
Expected trend for today: Bearish
Support 1.7419
Support 1.7386
Support 1.7332
Resistance 1.7507
Resistance 1.7544
Resistance 1.7581
Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.
I had looked into this setup last week, remarking that support at 61.58-61.87 no longer looked as attractive, instead steering the focus to a support zone a little lower that ran from 60-60.35. That zone came into play shortly after this week’s open, and this held as buyers posed a push back up to 62.84. Since then, however, that bullish theme has come unraveled and prices are sitting in the middle of the recent range. This draws away some attractiveness from another support test at 60.00.
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)
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,
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.
My daily trading,I hope the day is a success ...
GBP/CAD (Daily Trade)
Resistance : R1 1.7497 R2 1.7522 R3 1.7542 R4 1.7572
Support : S1 1.7375 S2 1.7350 S3 1.7330 S4 1.7300
Open : 1.7430
High : 1.7450
Low : 1.7422
Range : 28 Pips
Running Price : 1.7428
For intraday trade today suggest BUY at the level 1.7428 stop loss at the level 1.7375 target take profit at the level 1.7542 or at the level 1.7572
Today technical analysis of Gbp/cad is buy
Resistance and supporting level is:
Resistance level first:1.7592
Resistance level 2nd : 1.7604
Resistance level 3rd: 1.7615
Supporting level first: 1.7565
Supporting level 2nd: 1.7554
Supporting level 3rd:1.7543