GBP/CAD technical analysis of the market
market have bearish trend the trend could continue
market have sell position
Resistance levels
R1 1.6908
R2 1.6961
R3 1.7045
Support levels
S1 1.6737
S2 1.6686
S3 1..6599
Thread: Gbp/Cad
GBP/CAD technical analysis of the market
market have bearish trend the trend could continue
market have sell position
Resistance levels
R1 1.6908
R2 1.6961
R3 1.7045
Support levels
S1 1.6737
S2 1.6686
S3 1..6599
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gbp/cad Technical analysis
Resistance
1---Resistance 1.6934
2---Resistance 1.6948
3---Resistance 1.6961
Support
1---Support 1.6925
2---Support 1.6914
3---Support 1.6902
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GBPUSD rebounded in early U.S. session but remain in the range below 1.7416 over the short term. The intraday bias is neutral for some more consolidative trading. In the case of falling further, we expect strong support from 1.7454 to extend rally contain downside and bring back to a position above the 1.7425 resistance is an expectation.
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analysis of several indicators that I use on gbp/cad currency with M30 and H1 timeframes are in the form of pivots indicator R3=1.7371, R2=1.732, R1=1.7274, Pivots=1.7223, S1=1.7177, S2=1.7126, S3=1.708 indicates the following as well as I use other indicators such as zona trade that displays the zona signal Oversold on market position 1.7236 so that the most appropriate step is to conduct an open position BUY with a stop loss of 1.7211 and take profit at 1.7261
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GBP...CAD
techncal analysis gbp/cad
this is a sensitive price rate
the price gbp/cad buying point is 1.6885 and the selling point 1.6860
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GBPCAD CURRENT RATE 1.6912
marekt movement is upword now and in the graph it shows that market is going up today so here i suggest to take a BUY trade with good Take profit market ressistance and supporter level mentions below
SUpporter level : 1.6905
Ressistance level : 1.6970
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Technical analyse GBP/CAD
Resistance lever 1 > 1.6868
Resistance lever 2 > 1.6871
Resistance lever 3 > 1.6895
Support lever 1 > 1.6841
Support lever 2 > 1.6826
Support lever 3 > 1.6815
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bullish trend seems to be taking place on the gbpcad pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bullish trend, now current price at 1.6851 and strong support at level 1.6831 in hourly time frame. there is possible chance price will move to up side. then next high price is 1.6901
I suggest to entry BUY with stoploss at 1.6816 and take profit at 1.6901
I hope you can earn consistent profit from my signal, good luck
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Daily overview for GbpCad
The price is finding the first support at 1.6830 and the next support is at 1.6758 The price is finding the first resistance at 1.6879 and the next resistance is at 1.6905
--- Trading recommendations for today : Open Buy ---
I predict price will be continued flying today. The first target is the level 1.6916 After fixing below the first target, then price will go to the level of 1.6956 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Pivot Point - Support – Resistance :
Resistent1 : 1.6879
Resistent2 : 1.6905
Resistent3 : 1.6928
Pivot Point : 1.6856
Support 1 : 1.6830
Support 2 : 1.6758
Support 3 : 1.6781
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