Thread: Gbp/Cad
http://prntscr.com/4ee6g2
analysis for today 8 / 19 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.8207
Retracement (50%) 1.8204
retracement (61,8%) 1.8200
Extensions (61.8%) 1.8240
Extensions (100.0%) 1.8253
Extensions (138.2%) 1.8266
Extensions (161.8%) 1.8273
calculation based on a Fibonacci retracement then today I choose buy
Last edited by BURHANFX; 2014-08-19 at 10:58 PM.
http://prntscr.com/4e8pzh
analysis for today 8 / 19 / 2014
GBP/CAD
Resistance : R1 1.8278 R2 1.8303 R3 1.8323 R4 1.8353
Support : S1 1.8142 S2 1.8117 S3 1.8097 S4 1.8067
Open : 1.8206
High : 1.8217
Low : 1.8203
Range : 14 Pips
Running Price : 1.8212
Strategy : BUY at the level 1.8212 stop loss at the level 1.8142 target take profit at the level 1.8323 or at the level 1.8353
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analysis for today 8 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 8 / 18 / 2014
OPEN 1.8209
HIGH 1.8220
LOW 1.8187
CLOSED 1.8207
The third resistance (R3) 1.8220 -( 1.8205 - 1.8187 = 0.0018 x 2 = 0.0035 )= 1.8255
The second Resistance (R2) 1.8205 + 1.8220 - 1.8187 = 1.8238
First resistance (R1) 1.8205 x 2 = 3.6409 - 1.8187 = 1.8222
pivot points 1.8220 + 1.8187 + 1.8207 = 5.4614 / 3 = 1.8205
Support for the first (S1) 1.8205 x 2 = 3.6409 - 1.8220 = 1.8189
Support second (S2) 1.8205 -( 1.8220 - 1.8187 = 0.0033 ) = 1.8172
Third Support (S3) 1.8187 -( 1.8220 - 1.8205 = 0.0015 x 2 = 0.0031 )= 1.8156
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The price still trying to break the resistance at 1.8207, that's why i think that we should wait till the price break this resistance with a 4h candle than we can get in long position with targets up to 1.83 and 1.8360.
Last edited by Gamabunta; 2014-08-18 at 10:17 PM.
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analysis for today 8 / 18 / 2014
GBP/CAD
Resistance : R1 1.8262 R2 1.8287 R3 1.8307 R4 1.8337
Support : S1 1.8140 S2 1.8115 S3 1.8095 S4 1.8065
Open : 1.8209
High : 1.8215
Low : 1.8187
Range : 28 Pips
Running Price : 1.8206
Strategy : BUY at the level 1.8206 stop loss at the level 1.8140 target take profit at the level 1.8307 or at the level 1.8337
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
http://prntscr.com/4dwlxp
analysis for today 8 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 8 / 15 / 2014
OPEN 1.8185
HIGH 1.8213
LOW 1.8125
CLOSED 1.8184
The third resistance (R3) 1.8213 -( 1.8174 - 1.8125 = 0.0049 x 2 = 0.0098 )= 1.8311
The second Resistance (R2) 1.8174 + 1.8213 - 1.8125 = 1.8262
First resistance (R1) 1.8174 x 2 = 3.6348 - 1.8125 = 1.8223
pivot points 1.8213 + 1.8125 + 1.8184 = 5.4522 / 3 = 1.8174
Support for the first (S1) 1.8174 x 2 = 3.6348 - 1.8213 = 1.8135
Support second (S2) 1.8174 -( 1.8213 - 1.8125 = 0.0088 ) = 1.8086
Third Support (S3) 1.8125 -( 1.8213 - 1.8174 = 0.0039 x 2 = 0.0078 )= 1.8047
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
http://prntscr.com/4d2qze
analysis for today 8 / 15 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8183
Retracement (50%) 1.8189
retracement (61,8%) 1.8195
Extensions (61.8%) 1.8129
Extensions (100.0%) 1.8108
Extensions (138.2%) 1.8087
Extensions (161.8%) 1.8075
calculation based on a Fibonacci retracement then today I choose sell
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
http://prntscr.com/4cy86l
analysis for today 8 / 15 / 2014
GBP/CAD
Resistance : R1 1.8255 R2 1.8280 R3 1.8300 R4 1.8330
Support : S1 1.8120 S2 1.8095 S3 1.8075 S4 1.8045
Open : 1.8185
High : 1.8195
Low : 1.8180
Range : 15 Pips
Running Price : 1.8183
Strategy : SELL at the level 1.8183 stop loss at the level 1.8255 target take profit at the level 1.8075 or at the level 1.8045
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
http://prntscr.com/4czjw0
analysis for today 8 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCAD on the date 8 / 14 / 2014
OPEN 1.8210
HIGH 1.8216
LOW 1.8162
CLOSED 1.8186
The third resistance (R3) 1.8216 -( 1.8188 - 1.8162 = 0.0026 x 2 = 0.0052 )= 1.8268
The second Resistance (R2) 1.8188 + 1.8216 - 1.8162 = 1.8242
First resistance (R1) 1.8188 x 2 = 3.6376 - 1.8162 = 1.8214
pivot points 1.8216 + 1.8162 + 1.8186 = 5.4564 / 3 = 1.8188
Support for the first (S1) 1.8188 x 2 = 3.6376 - 1.8216 = 1.8160
Support second (S2) 1.8188 -( 1.8216 - 1.8162 = 0.0054 ) = 1.8134
Third Support (S3) 1.8162 -( 1.8216 - 1.8188 = 0.0028 x 2 = 0.0056 )= 1.8106
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
http://prntscr.com/4cqe5n
analysis for today 8 / 14 / 2014
GBP/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8275
Retracement (50%) 1.8296
retracement (61,8%) 1.8316
Extensions (61.8%) 1.8098
Extensions (100.0%) 1.8030
Extensions (138.2%) 1.7962
Extensions (161.8%) 1.7921
calculation based on a Fibonacci retracement then today I choose sell
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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