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Naomi293

Weekly Predictions (Feb 18 - 22)

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British Pound / Canadian Dollar (FX:GBPCAD)  
Naomi293 Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Support and Resistance Double Top or Bottom Moving Averages forecast predictions GBPCAD dailychart 4hrchart
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supportandresistance doubletoporbottom movingaverage forecast predictions gbpcad dailychart 4hrchart
- Price is oversold on the Stochastic Oscillator
- Price reversed at recent low
- Might form a double bottom
Comment:
4-hr chart

snapshot
- Consolidation
- Price neither oversold nor overbought
- Price recently broke above EMA (25, close) and closed on a retest

Predictions: Watch for bullish candlestick to form breaking above consolidation zone
Comment:
1-hr chart

snapshot
- Consolidation
- Price overbought on Stochastic Oscillator
Comment:
Key Analysis: Since price oversold on daily and overbought on the Stochastic Oscillator from the hourly this could mean that price will go on a brief downtrend, maybe retest at the EMA (25, close) on the 4-hr or hourly chart and then resume uptrend
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