Gbp/Cad

analysis for today 5 / 21 / 2014

GBP/CAD

Resistance : R1 1.8430 R2 1.8455 R3 1.8475 R4 1.8505
Support : S1 1.8297 S2 1.8272 S3 1.8252 S4 1.8222

Open : 1.8356
High : 1.8372
Low : 1.8355
Range : 17 Pips
Running Price : 1.8362

Strategy : SELL at the level 1.8362 stop loss at the level 1.8430 target take profit at the level 1.8252 or at the level 1.8222

analysis for today 5 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 5 / 20 / 2014
OPEN 1.8279
HIGH 1.8381
LOW 1.8272
CLOSED 1.8361

The third resistance (R3) 1.8381 -( 1.8338 - 1.8272 = 0.0066 x 2 = 0.0132 )= 1.8513
The second Resistance (R2) 1.8338 + 1.8381 - 1.8272 = 1.8447
First resistance (R1) 1.8338 x 2 = 3.6676 - 1.8272 = 1.8404
pivot points 1.8381 + 1.8272 + 1.8361 = 5.5014 / 3 = 1.8338
Support for the first (S1) 1.8338 x 2 = 3.6676 - 1.8381 = 1.8295
Support second (S2) 1.8338 -( 1.8381 - 1.8272 = 0.0109 ) = 1.8229
Third Support (S3) 1.8272 -( 1.8381 - 1.8338 = 0.0043 x 2 = 0.0086 )= 1.8186

Daily analysis for GBPCAD
GBPCAD extended impulse wave up 1.8449, new daily high close to first daily resistance 1.8411

Elliott 1.8243
Closing 1.8367
Ex-Low 1.8278
Ex-High 1.8388

Support 1 1.8302
Support 2 1.8235
Resistance 1 1.8412
Resistance 2 1.8456

analysis for today 5 / 21 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.8339
Retracement (50%) 1.8327
retracement (61,8%) 1.8314

Extensions (61.8%) 1.8448
Extensions (100.0%) 1.8490
Extensions (138.2%) 1.8532
Extensions (161.8%) 1.8557
calculation based on a Fibonacci retracement then today I choose buy

analysis for today 5 / 21 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.8339
Retracement (50%) 1.8327
retracement (61,8%) 1.8314

Extensions (61.8%) 1.8448
Extensions (100.0%) 1.8490
Extensions (138.2%) 1.8532
Extensions (161.8%) 1.8557
calculation based on a Fibonacci retracement then today I choose buy

wise for plan buy on this GBPCAD - look to D1, if buyer break to above 1.8381, of course wise take again buy. bulls support by nice tcci 20 that trend of that also bull till now

analysis for today 5 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 5 / 21 / 2014
OPEN 1.8356
HIGH 1.8469
LOW 1.8649
CLOSED 1.8436

The third resistance (R3) 1.8469 -( 1.8518 - 1.8649 = -0.0131 x 2 = -0.0262 )= 1.8207
The second Resistance (R2) 1.8518 + 1.8469 - 1.8649 = 1.8338
First resistance (R1) 1.8518 x 2 = 3.7036 - 1.8649 = 1.8387
pivot points 1.8469 + 1.8649 + 1.8436 = 5.5554 / 3 = 1.8518
Support for the first (S1) 1.8518 x 2 = 3.7036 - 1.8469 = 1.8567
Support second (S2) 1.8518 -( 1.8469 - 1.8649 = -0.0180 ) = 1.8698
Third Support (S3) 1.8649 -( 1.8469 - 1.8518 = -0.0049 x 2 = -0.0098 )= 1.8747

analysis for today 5 / 22 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.8538
Retracement (50%) 1.8559
retracement (61,8%) 1.8580

Extensions (61.8%) 1.8358
Extensions (100.0%) 1.8289
Extensions (138.2%) 1.8220
Extensions (161.8%) 1.8178
calculation based on a Fibonacci retracement then today I choose buy

analysis for today 5 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 5 / 22 / 2014
OPEN 1.8437
HIGH 1.8449
LOW 1.8344
CLOSED 1.8370

The third resistance (R3) 1.8449 -( 1.8388 - 1.8344 = 0.0044 x 2 = 0.0087 )= 1.8536
The second Resistance (R2) 1.8388 + 1.8449 - 1.8344 = 1.8493
First resistance (R1) 1.8388 x 2 = 3.6775 - 1.8344 = 1.8431
pivot points 1.8449 + 1.8344 + 1.8370 = 5.5163 / 3 = 1.8388
Support for the first (S1) 1.8388 x 2 = 3.6775 - 1.8449 = 1.8326
Support second (S2) 1.8388 -( 1.8449 - 1.8344 = 0.0105 ) = 1.8283
Third Support (S3) 1.8344 -( 1.8449 - 1.8388 = 0.0061 x 2 = 0.0123 )= 1.8221

---------- Post added at 01:23 PM ---------- Previous post was at 01:23 PM ----------

analysis for today 5 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 5 / 22 / 2014
OPEN 1.8437
HIGH 1.8449
LOW 1.8344
CLOSED 1.8370

The third resistance (R3) 1.8449 -( 1.8388 - 1.8344 = 0.0044 x 2 = 0.0087 )= 1.8536
The second Resistance (R2) 1.8388 + 1.8449 - 1.8344 = 1.8493
First resistance (R1) 1.8388 x 2 = 3.6775 - 1.8344 = 1.8431
pivot points 1.8449 + 1.8344 + 1.8370 = 5.5163 / 3 = 1.8388
Support for the first (S1) 1.8388 x 2 = 3.6775 - 1.8449 = 1.8326
Support second (S2) 1.8388 -( 1.8449 - 1.8344 = 0.0105 ) = 1.8283
Third Support (S3) 1.8344 -( 1.8449 - 1.8388 = 0.0061 x 2 = 0.0123 )= 1.8221

Daily technical analysis for GBPCAD 23/05/2014
GBPCAD there is bearish potential for a fall to 1.8331 while 1.8394 - 1.8417 resist. After this fall a recovery up to 1.8417 or 1.8439 is expected.

Key Point 1.8349
Entry Point 1.8408
Trendline 1 1.8457
Trendline 2 1.8439

Support 1 1.8331 Support 2 1.8286
Resistance 1 1.8439 Resistance 2 1.8502