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.

                                                      

                                                   CLICK HERE FOR FREE  TRIAL

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 Updates and Stock Picks For Today

Market Updates:

European shares rose on Tuesday, led by technology stocks as results from chipmaker Infineon and telecommunication gear maker Nokia brightened the outlook for the sector. The  FTSE opened gap up note , showed upside movement and managed to breach it's major resistance level of 6750 and sustain above that with a intra day high at 6769. As Index is managed to give closing above 50 DMA & 200 DMA with RSI is trading above 50 level with positive bias , It can test the level of 6860 in near future with near support of 6650.

TOP GAINER

Name	Close Price	Change %
Legal & General	212.9	3.2
Carnival	2370	3.18
Bg Group	1180.62	3.02
Bp	502.65	2.93
Imperial Tobacco	2605	2.16

TOP LOSER

Name	Close Price	Change %
Johnson Matthey Plc	3251	-1.01
Dly Mail & Gen Tst A	805	-0.92
Antofagsta	781	-0.83
Wolseley	3390	-0.76
Astrazeneca	4632.5	-0.73

Stock Pick For Today: Buy Prudential Plc

The over all trend of Prudential Plc is strong, it is consolidating near resistance level facing strong support at 1330 and manages to trade above that. Stock is consolidating and forming pennant pattern near to 1457 level. It's 50 DMA is placed at  1339 & it's 200 DMA is placed at 1315. It's 50DMA has managed to give break out above it's 200 DMA which is signaling buying. Crossing of 1457 level it can show upside movement and can give target of 1415 with stop loss of 1330.

Stock Pick of Today: Pridential Plc 

UK Market Updates and Stock Pick For Today

Market Updates

European stock market rose on Thursday, as signs of a resurgence in corporate takeover activity offset lingering worries over Ukraine. The FTSE opened on gap up and made a intraday high at 6724, showed volatile movement and managed to closed above 6700 level with a gain of 28 points  As Index is managed to give closing above 50 DMA & 200 DMA with RSI is trading above 50 level with positive bias, in near future it can test the level of 6860 after crossing of 6750 level with near support level at 6650,6550.

Stock Pick For Today:

Burberry Group: Burberry Group is looking bulllish on charts and  given the break out of support of falling trend line, consolidating near to resistance level.  Stock is facing strong support of 1435 level and sustaing above that with positive bias. Stock is consolidating near to the resistance level, crossing of it upside movement is expected. Stock is trading above it's 200 DMA & 50 DMA with positive bias. Trader can initiate long position in it above the level of 1455 with sl of 1435  for the target of 1495.

NASDAQ Market Overview: Stock Pick For 11th April

Market Overview

US market continued on its downtrend on Thursday after a few days rest. The Internet and Biotechnology shares were among the top two losers for the day. The NASDAQ Composite Index sank 3.13% erasing its gains of the last two months. Also, the S&P 500 Index lost 2.09% to the lowest since February 2014 end. Investors are now eyeing on Producer Price Index and Consumer Sentiment data due on Friday, to find a safe investment avenue in the market.

BULLS OF THE STREET (NYSE):

Name	Close Price ( $ )	Change %
SINOPEC Shanghai Petrochemical ADS	29.85	18.64
Cash America International	43.24	12.31
Ruby Tuesday	06.68	12.08
Aluminium of China ADS	10.22	09.54
Rite Aid	06.94	08.44

BEARS OF THE STREET (NYSE):

Name	Close Price ( $ )	Change %
Imperva	28.00	43.70
Box Ships	01.90	20.17
Voxeljet ADS	18.55	13.44
GrubHub	30.91	12.46
NeoPhotonics	06.89	12.34

Stock Pick For Today

Caterpillar Inc Del:

Caterpillar Inc Del is looking bullish on charts. Stock is in bullish trend, with the price taking support from the trend line on daily intraday chart. Near term breach of resistance level of $103.72 is expected, which would result into bullish sentiment in the stock to test the levels of $105.25. Traders can buy the stock above the level of $103.72 which is a near term resistance level for the stock, and if it manages to break this level further bullish movement is expected in this stock to test the levels of $105.25.

Stock Pick For Today 

European Market Overview and Stock Pick for Today

European Market Overview

European shares rebounded on Wednesday, led by gains in automakers. FSTE opened gap up and manages to trade in positive  territory  and closed on green note with the gain of 45 points. Index is trading in a range of 6450 to  6700 .It is not managing to crossed the level on the both the side and showing zig zag movement .trader can make long position when it come to the level of 6450-6500 and can open short position when it comes to level of 6700-6680 level.In near future it is looking bullish and can go to the level of 6700.

Stock Pick For Today

Antofagsta Antofagsta is looking good for short on daily and intraday charts. Stock facing strong resistance at 875 and not managing to sustain at higher level. Stock is has formed rising channel  pattern breaching of 845 level it can show downward movement. It's trading below it's 50 DMA breaching of it's 200 DMA downward movement can be seen. Trader can make short position in it below the level of 845 with stop loss of 875 for the target of 780.

Stock Pick For Today