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