Weak on chart-GBP/CAD

Forex Trading Signals

The major trend of GBP/CAD is sideways, but from last few days prices are trading in consolidation only. In its hourly chart prices are near the support and If the pair breaks the support of 1.9106 then we can expect it to test the level of 1.9066 in today's session with Stop loss of 1.9130.

                                                      

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STRATEGY:- For Today GBP/CAD is looking weak on chart. We can expect negative movement for few upcoming session. One can go for sell on rise strategy for this pair for intra day positions.

                                                 Technical Report

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1191	1.1254	1.1303	1.1366	1.1415	1.1478	1.1527
GBP/USD	1.5207	1.5271	1.5317	1.5381	1.5427	1.5491	1.5537
USD/JPY	117.42	117.79	118.13	118.5	118.84	119.21	119.55
USD/CHF	0.9231	0.9254	0.9286	0.9309	0.9341	0.9364	0.9396
AUD/USD	0.7695	0.7721	0.7747	0.7773	0.7799	0.7825	0.7851
EUR/GBP	0.7312	0.7343	0.7367	0.7398	0.7422	0.7453	0.7477
USD/CAD	1.2354	1.2386	1.2426	1.2458	1.2498	1.2530	1.2570
NZD/USD	0.7342	0.7386	0.7443	0.7487	0.7544	0.7588	0.7645

 

UK Market Overview and Stock Pick For Today: 15th April

UK Market Overview

European shares extended losses on Monday, with a major index slipping to its lowest level in three weeks, as fresh tension inUkraine prompted investors to shun cyclical sectors such as travel,auto sand technology.  The FTSE fell hard during the session and faced engough resistance at 6500 level and bounced back from their and closed at  6583 with moderate gain,As index is facing buying from the zone of 6500 so now further upside movement is expected and it can test the level of 6700 and crossing of the level it can test the all time high.

Stock Pick For Today

Keller Group Plc  is looking good for buy as stock is managing to trade with positive bias from last few trading session and facing major support level of 1020. Stock is forming falling trend line and trading while taking resistance of it breaching of trend line it can show upside movement. Its 200 DMA is placed at 1062 & 50 DMA is placed at 1041 crossing of both can confirm the bullishness in the stock. If in near future stock manages to sustain above the support level and crossing of 1065 upside movement is expected and it can show the level of 1140.

Stock Pick For Today