GBP CAD

Gbp cad in bearish mkt , the currency pair downtrend continuation remains certain geopolitical tension and central bank rhetorics and crude oil price which as been strengthening the Canadian dollar .
From technial and trend point of view the weekly time frame is bearish while tha daily time frame is bearish with price trading below senkou span bearish cross , kumo cloud and tenkan sen / kijun sen bearish cross .
price projection 1st of may 2016 at 1.8450




ICHIMOKU TREND ANALYSIS


weekly ............................................ bearish mkt
daily ............................................. bearish trend






TECHNICAL AND TREND VIEWS




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