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Daily Chart Analysis- April 11,2011

GBP/USD 4 Hour chart
click on image to see full size 
We have seen Major uptrend on GBP/USD 4 hour Chart in past few weeks but I think now the exhaustion stage has come up.Don't believe on the major support level. But will you ignore the clear bearish divergence seen above. Looks to me as GBP will not have a good day on monday.


click on image to see full size 

The general outlook for USD/CAD is that it is downtrending following a channel. On last friday it has shown a  slight bullish divergence. Will you trade this pair or leave it till it break the channel?




INDIA-BLOGGER


This post first appeared on PIPPIN' IT UP, please read the originial post: here

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Daily Chart Analysis- April 11,2011

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