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  1. #1
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    GBP/CAD

    Thread for GBP/CAD discussion - latest news, technical analysis, forecasts and opinions.

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  2. #11
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    before the further fall increase we have the now support by the trend line and if prices not go below it eep giving test then prices more likely would rebound towards the level of fib 23.6

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  3. #12
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    prices,making the zigzag pattern within the range of 1.5013 to 1.5944 and prices not able to make and clear break out , both levels created by the doji pattern so if upper breakout we would see then more buying or if downward then selling will be in action

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  4. #13
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    The level of the 1.5950 is more likely giving the support to the pound which we may can see in the chart , since market has a very strong support , but market just taking the retrace about 80-90 pips and now getting upward , histogram MACD showing smaller bars now , below the 1.5950 selling will be in action

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  5. #14
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    Yesterday market showed the inverted hammer which means more likely today we will see the bears trnd , if the price couldn't able to break the level of the 1.6042 then after what i we can expected the price will broke the support and show the quite good strength of the bears today

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  6. #15
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    Resistance now turned into the support and prior two candles was doji 1.6035 is now psychological key level for the traders if candle able to close below of this level then after again bears get the control else if market give some congestion here and stall to rising then buying is expected

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  7. #16
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    market after the three days ago , the upper spike fill it with two immediate candles and yestrday market closed below of the double top pattern which already exits , the zone is 1.5957 , so for bias under this pivot for the bearish more likely..

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  8. #17
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    Price has break through the level of the 1.5965 yesterday and yesterday High was 1.6036 and now market under this point , if market again successful in breaking this level, after that more buying can be seen for today bias

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  9. #18
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    Yesterday high was 1.6045 but market does not hold above it , it's momentum it does means that market is not able to run the bullish bias for today , since market opened today , trying to make the doji candle , tendency of prior trend losing it's strength of market today able to break 1.6060 level today then 1.61xx pivot can be seen for today bias

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  10. #19
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    yesterday we have estimated that if the level 1.6060 break down then 1.61xx is surely expected to be see and market so far give us about the 1.6141 the highest about 80 pips, and now if the market able to break this resistance created by the trend line then probably more buying can be seen..

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  11. #20
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    The graph H4 GBPCAD shows strong rejection price approaches the support level around 1.61806. The pair indicates that the pressure at the positive side can prevail even find possible resistance level around 1.63985, 1.65075 and with extension.

    gbpcaddaily.jpg

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