Блог Shuael

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GBP/CAD prediction 1st of July

Weekly chart:
On the weekly chart i draw a pitchfork and some trendlines.
The pircfork i draw suggest a down move of the price in the "short term".
Also the price has been rejected from the resistence zone i pointeout.
Daily chart:
On the daily chart i draw the possible scenario considering all the factors from the weekly chart.
I also draw a fibonaccin retracement cosnidering the main swing, we are on the 32.8 fibo lvl with some important structure.
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GBP/CAD Prediction for the 1st of June

Weekly chart:
On the weekly chart i pointed out some important resistence/support zones from which i expect the price to react.
Daily chart:
On the daily chart i draw the possible scenario and possible target.
As you can see i expect the price to pullback from the support zone and to go up till the resistence zone and from there to continue its overall downtrend.
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GBP/CAD down to 1.8293

General:
The pair is in a general uptrend, but it's very near an resistence level, from which i expect a retracement
Expected rate of the pair for 1st of April: 1.8293
Support: 1.8293
Resistence: 1.9552
On the weekly chart:
On the weekly chart i just pointed out the main up trend
On the daily chart:
On the daily chart i draw the possible scenario
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GBP/CAD down to 1.8399

General:
The pair is in a main up trend from 2013. After a year of retracement the price broke the "flag" pattern and in 2 last weeks it almost reached an important resistence level. From which i expect a retracement
Expected rate of the pair for 2nd of March: 1.8399
Support: 1.85683; 1.7561
Resistence: 1.9088
On the weekly chart:
On the weekly chart i pointed out the flag pattern and also the resistence level i was talking about.
On the daily chart:
On the daily chart , as you can see, i draw …
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