Currency market: GBPCAD


Indicators: two Moving averages and RSI


Strategy:


Price over both moving averages in both time frames validates an upward market trend, while price below the moving averages in both time frames validates a downward market trend. This is purely a technical analysis of the different markets using indicators, so even with price below both MAs, if RSI is turned upwards then price can be expected to move up. RSI is the momentum indicator for price direction, and ultimately the trend.


Time frames:
Weekly and Monthly time frames
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