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pair- gbp/cad
chart analysis time frame- m30
http://i62.tinypic.com/nnnsiq.jpg
the price is having down trend signal with the parabolic sar from the pivot point at 1.8287 level. the macd indicator is also moving to the zero level side. if the price break the support at 1.8237 level then it will falling to the 1.8200 level. short with the stop loss at 1.8275
good luck
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http://prntscr.com/3rt3w0
analysis for today 6 / 11 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8289
Retracement (50%) 1.8299
retracement (61,8%) 1.8308
Extensions (61.8%) 1.8212
Extensions (100.0%) 1.8183
Extensions (138.2%) 1.8154
Extensions (161.8%) 1.8135
calculation based on a Fibonacci retracement then today I choose sell
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http://s14.postimg.org/qlf31n335/bieela_2014_06_12.jpg
GBPCAD bearish trend is likely to remain strong for, it is clear that each MA line has not been cut, will likely continue to fall to 1.8172 or 1.8205 may be lower than that price.
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http://prntscr.com/3rzod7
analysis for today 6 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 6 / 11 / 2014
OPEN 1.8264
HIGH 1.8299
LOW 1.8219
CLOSED 1.8239
The third resistance (R3) 1.8299 -( 1.8252 - 1.8219 = 0.0033 x 2 = 0.0067 )= 1.8366
The second Resistance (R2) 1.8252 + 1.8299 - 1.8219 = 1.8332
First resistance (R1) 1.8252 x 2 = 3.6505 - 1.8219 = 1.8286
pivot points 1.8299 + 1.8219 + 1.8239 = 5.4757 / 3 = 1.8252
Support for the first (S1) 1.8252 x 2 = 3.6505 - 1.8299 = 1.8206
Support second (S2) 1.8252 -( 1.8299 - 1.8219 = 0.0080 ) = 1.8172
Third Support (S3) 1.8219 -( 1.8299 - 1.8252 = 0.0047 x 2 = 0.0093 )= 1.8126
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http://prntscr.com/3s4wpb
analysis for today 6 / 12 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8250
Retracement (50%) 1.8259
retracement (61,8%) 1.8268
Extensions (61.8%) 1.8170
Extensions (100.0%) 1.8139
Extensions (138.2%) 1.8108
Extensions (161.8%) 1.8090
calculation based on a Fibonacci retracement then today I choose sell
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Because already too high increase in the U.S. market close yesterday, GBPCAD will likely sideway on Asian session, the less likely will fall to 1.8326 pivot, and will return to continue his journey towards 1.8470 level.
http://s14.postimg.org/5c9u9rgbl/bieela_2014_06_13.jpg
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http://prntscr.com/3saf71
analysis for today 6 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 6 / 12 / 2014
OPEN 1.8240
HIGH 1.8372
LOW 1.8231
CLOSED 1.8371
The third resistance (R3) 1.8372 -( 1.8325 - 1.8231 = 0.0094 x 2 = 0.0187 )= 1.8559
The second Resistance (R2) 1.8325 + 1.8372 - 1.8231 = 1.8466
First resistance (R1) 1.8325 x 2 = 3.6649 - 1.8231 = 1.8418
pivot points 1.8372 + 1.8231 + 1.8371 = 5.4974 / 3 = 1.8325
Support for the first (S1) 1.8325 x 2 = 3.6649 - 1.8372 = 1.8277
Support second (S2) 1.8325 -( 1.8372 - 1.8231 = 0.0141 ) = 1.8184
Third Support (S3) 1.8231 -( 1.8372 - 1.8325 = 0.0047 x 2 = 0.0095 )= 1.8136
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pair- gbp/cad
chart analysis time frame- m30
http://i59.tinypic.com/3093875.jpg
the stoch indicator is showing overbought as it is moving at the level 80 and the price at the daily resistance 1.8421 level with making doji pattern and followed by a bearish candle. short this pair with profit target at the 1.8345 and stop loss at 1.8450
good luck
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http://prntscr.com/3scrmb
analysis for today 6 / 13 / 2014
GBP/CAD
Resistance : R1 1.8438 R2 1.8463 R3 1.8483 R4 1.8513
Support : S1 1.8369 S2 1.8344 S3 1.8324 S4 1.8294
Open : 1.8373
High : 1.8444
Low : 1.8363
Range : 81 Pips
Running Price : 1.8415
Strategy : BUY at the level 1.8415 stop loss at the level 1.8369 target take profit at the level 1.8483 or at the level 1.8513
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http://prntscr.com/3sfc3o
analysis for today 6 / 13 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.8318
Retracement (50%) 1.8302
retracement (61,8%) 1.8285
Extensions (61.8%) 1.8459
Extensions (100.0%) 1.8513
Extensions (138.2%) 1.8567
Extensions (161.8%) 1.8600
calculation based on a Fibonacci retracement then today I choose buy