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analysis for today 9 / 29 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8107
Retracement (50%) 1.8116
retracement (61,8%) 1.8124
Extensions (61.8%) 1.8034
Extensions (100.0%) 1.8006
Extensions (138.2%) 1.7978
Extensions (161.8%) 1.7961
calculation based on a Fibonacci retracement then today I choose sell
cci(14) : 21.351
bulls (13) : 0.038
i see the in pair up trend
so i will buy from : 1.8132
and my target today is : 1.8232
and target 2 today is : 1.8432
good luck
pair- gbp/cad
chart analysis time frame- h1
http://i60.tinypic.com/e7l734.jpg
the macd indicator is giving up trend signal as moving above the zero line. thi is break the resistance at 1.8153 level and to the 1.8185 level. here this may rejecting up movement and falling down. short with take profit at 1.8020
good luck
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analysis for today 10 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 9 / 30 / 2014
OPEN 1.8126
HIGH 1.8187
LOW 1.8063
CLOSED 1.8149
The third resistance (R3) 1.8187 -( 1.8133 - 1.8063 = 0.0070 x 2 = 0.0140 )= 1.8327
The second Resistance (R2) 1.8133 + 1.8187 - 1.8063 = 1.8257
First resistance (R1) 1.8133 x 2 = 3.6266 - 1.8063 = 1.8203
pivot points 1.8187 + 1.8063 + 1.8149 = 5.4399 / 3 = 1.8133
Support for the first (S1) 1.8133 x 2 = 3.6266 - 1.8187 = 1.8079
Support second (S2) 1.8133 -( 1.8187 - 1.8063 = 0.0124 ) = 1.8009
Third Support (S3) 1.8063 -( 1.8187 - 1.8133 = 0.0054 x 2 = 0.0108 )= 1.7955
Daily forecast: GBPCAD 01 Oct. 2014.
Trading analysis for Daily forecast of GBPCAD 01 October, 2014. In Daily chart GBPCAD is flat. At present GBPCAD on the pivot point. It is important to break support or resistance levels to identify the trend.
Pivot: 1.81334
Resistance levels
R1 1.82041
R2 1.82580
R3 1.83287
R4 1.83993
Support levels
S1 1.80795
S2 1.80088
S3 1.79549
S4 1.79009
Attachment 11769
pair- gbp/cad
chart analysis time frame- h1
http://i58.tinypic.com/kbypuh.jpg
the price is having strong support at 1.8079 level. the macd indicator is giving short signal as moving below the zero level but in the chart this is not break the support. if this is move below 1.8070 then short with profit target at 1.7955 and stop loss at 1.8170
good luck
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analysis for today 10 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 10 / 1 / 2014
OPEN 1.8150
HIGH 1.8172
LOW 1.8058
CLOSED 1.8062
The third resistance (R3) 1.8172 -( 1.8097 - 1.8058 = 0.0039 x 2 = 0.0079 )= 1.8251
The second Resistance (R2) 1.8097 + 1.8172 - 1.8058 = 1.8211
First resistance (R1) 1.8097 x 2 = 3.6195 - 1.8058 = 1.8137
pivot points 1.8172 + 1.8058 + 1.8062 = 5.4292 / 3 = 1.8097
Support for the first (S1) 1.8097 x 2 = 3.6195 - 1.8172 = 1.8023
Support second (S2) 1.8097 -( 1.8172 - 1.8058 = 0.0114 ) = 1.7983
Third Support (S3) 1.8058 -( 1.8172 - 1.8097 = 0.0075 x 2 = 0.0149 )= 1.7909
pair- gbp/cad
chart analysis time frame- h1
http://i60.tinypic.com/24ybo05.jpg
the price is break the support at 1.8075 level and moved below to the lower daily support level two at 1.7983. the price having up movement signal with parabolic sar and stoch indicator. this will make a pull back so hold short entry with profit target at 1.7800
good luck
Daily forecast: GBPCAD 02 Oct. 2014.
Trading analysis for Daily forecast of GBPCAD 02 October, 2014. In Daily chart GBPCAD shows bearish trend. At present GBPCAD breaks 1st and 2nd support level and going towards the 3rd support level. If 3rd support level breaks then next strong support level is 1.78335.
Pivot: 1.80978
Resistance levels
R1 1.81377
R2 1.82125
R3 1.82524
R4 1.82923
Support levels
S1 1.80230
S2 1.79831
S3 1.79083
S4 1.78335
Attachment 11804
http://prntscr.com/4seh28
analysis for today 10 / 2 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8102
Retracement (50%) 1.8115
retracement (61,8%) 1.8128
Extensions (61.8%) 1.7988
Extensions (100.0%) 1.7944
Extensions (138.2%) 1.7900
Extensions (161.8%) 1.7874
calculation based on a Fibonacci retracement then today I choose sell