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GBP/CAD-Consolidation prevails !

  • Charts: 1 Day,1 Week
  • Elements used: Fibonaci Fan Lines,Fibonacci Retracements,RSI,.
  • Current Level : 1.8154
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GBP/CAD - Slow descent!

  • Charts: 4Hours, 1 Day.
  • Indicators used: Fibonacci Fan Lines,Fiboancci Retracements.
  • Prepared with : JForex 4.
  • Current Level : 1.8285
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Metal_Mind 25 June

UPDATE 1:The current price level is 1.8228  which is a 130 pips deviation from target.This prediction has all it takes to reach the target.

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Metal_Mind 27 June

UPDATE 2: In the  mentime  the  trend continued  its bearish direction and  now the deviation reduce at 100 pips from previous 130 pips. The premises are very good .

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GBP/CAD powerfull sell trend after Canadian housing market growth


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khalidamassi avatar

Wonderful

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GBP/CAD-Channel UP & Double Bottom!


Charts: 1 Day,1 Week.
Indicators: Pattern Analysis Widget , MACD ,EMA:3,5,13,21,50,100,Time Markers.
Current Level : 1.8548

GBP/CAD after encounter a strong bearish retracement that took almost all the month of October & November,continued the rise of the bullish trend for more than 2000 pips until now.As the pattern analysis widget detected , the pair is in a channel up pattern of 54% quality & 45% magnitude which for sure will continue the next month.
I mainly based this 1 month predictio
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Convallium avatar
Convallium 28 Feb.

good job!

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Metal_Mind 27 Mar.

UPDATE 1 :WRONG DIRECTION

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GBPCAD



Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.6797.

GBPCAD
recently reached a major resistance zone at (1.6961) ,fibonacci fan level 50% from which the trend retraced lower. The current level is (1.6797) and the price is heading down. Now it is between fibonacci fan lines levels 50% & 38.20%. and can be observed that on a larger time-frame there is a channel down forming up .MACD indi
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Metal_Mind 21 Nov.

UPDATE 1 : This prediction is wrong. Current trend is bullish and my prediction was a bearish one.

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GBP/CAD BREAKING RANGE

Charts: 1 Day,1Week.
Indicators
: Fibonacci Retracemets;Support & Resistance Levels,Trading Patterns,EMA 200.
Current Level : 1.6638
GBP/CAD was in a 3 years RANGE that was broken on 10 th September this month and from which we can expect the start of a strong bullish trend. Also the breaking of the Exponential Moving Average 200 on 1 Week Time Frame is a very strong buy signal for the cable.As a result i expect a long run for at least 600 pips until the major resistance zone folo
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Daytrader21 avatar

This one should be big if we can get up there

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Metal_Mind 20 Oct.

UPDATE1 : Wrong prediction ,direction ,trend. The pair was in a strong 300 pips bullish trend quite opposite to my wiew.I will wait for market open to see and anricipate further direction.

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UPDATE2 ; VERY GOOD PREDEICTION. The prediction recoverd and made a long bull run finding resistance at 1.6968 more faster than i predicted but it is retracing now.

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BULLISH START OF GBP/CAD FROM A 3 YEAR CONSOLIDATION

GBP/CAD started a bearish trend since mid 2005 and continue this bearish trend untill it reached its low on May 2010 as it can be seen in the image bellow.After that the trend started a consolidation period since May 2010 and is still in consolidation as we speak between the 1.52 level and the 1.64 level ,with 2 more strong attemptives to breach the 1.64 level,( in 2010 between July till November ,2011 August till October) ; and 2 attemptives to breach the 1.52 level ( in July 2011 & March 2013)…
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Ahmed4x avatar
Ahmed4x 10 July

well done +1

Atashi_Tada avatar

nice!

eliver avatar
eliver 31 July

i do not trade this pair,but on charts its looks nice.

Spyros avatar
Spyros 2 Aug.

Good long term analysis - short term bit inconclusive

NerinaMimica avatar

It is very accurate and a great analysis.

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