GBPCAD GBPCAD Long Opportunity, please watch strong support level for reversal or breakout.
There is a possibility that GBP/CAD may go down more than 300 pips to find back support. If it does break it's current support, then do not hesitate to short it till it finds it's next one. Always make your own analysis before investing as well as money manage properly! Happy trading!
The GBPCAD reversed course last month after an aggressive downtrend that took the pair 5,200 pips lower in just over a year. While there’s no guarantee the selloff has ended, last week’s close above 1.7540 was a sign that buyers are back. The 1.7540 area has been a crucial factor for the pound cross. It dates back to 2008 but is better known as the level that...
As seen in chart, Traders Dynamic Index is indicating by the Weekly chart that the market has been oversold and is already turning uptrend (as seen by the drawn trendline cross (considering the indicator trend start signal too). This is my analysis on Weekly Time frame chart for overall future move. Will also show lower time frame analysis.
Highly likely trend start to the upside. No trade setup = Only Analysis while including resistance lines.
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BoE is posting crucial economic figures today. Among them is interest rate, asset purchase facility and monetary policy summary and much more, so GBP is going to be a volatile currency to trade on this day. Technically, it looks very short against CAD. It's lower than closing price to the previous two days, so it's almost confirmed, but do not trade before we get...
longing based on 2 broken trendlines. all details on the chart.
It's a strong resistance we a knocking at here. Even though CAD came out with disappointing numbers yesterday and GBP were a mixed bag - I still believe CAD is stronger and we'll see GBP continue down. It'll not surprise me if it jumps up today, but when that reverse happens I am in for a short.
price is at a resistance dating back from October 10th 2010 and a trend line that started feb 25 2016. If price continues to fail to break above this zone we can see price make a correction and begin to go bearish. We also have a bearish divergence on MACD and Momentum.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive drive.google.com Best regards Aaron
A short position I slowly stepping into. I am aware of the possibility of a reverse. The magic T (not drawn on this chart) is telling us cash have been build up and it might go long soon. But I have a feeling there is a bit to be gained here before that happens. This one should be traded carefully. I have a tight 100 pip stop loss and just a minor position in it.
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