- Charts: 1 Day,1 Week
- Elements used: Fibonaci Fan Lines,Fibonacci Retracements,RSI,.
- Current Level : 1.8154
Metal_Mind's Blog
GBP/CAD-Consolidation prevails !
GBP/CAD - Slow descent!
- Charts: 4Hours, 1 Day.
- Indicators used: Fibonacci Fan Lines,Fiboancci Retracements.
- Prepared with : JForex 4.
- Current Level : 1.8285
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…
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…
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…
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…
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)…