GBP/CAD 4H Chart: Potential target at 1.6963 - Trade Pattern Ideas - Dukascopy Bank
Mon, 15 Oct 2018 06:20:44 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Buy
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Buy
Neutral
Neutral
Alligator (13; 8; 5)
Neutral
Buy
Sell
SAR (0.02; 0.2)
Sell
Buy
Buy
Aggregate
⇗
⇒
⇒
The Pound Sterling has been trading in a two-week ascending channel against the Canadian Dollar. The currency pair made a U-turn north from the lower boundary of the channel on October 3.
The exchange rate opens below a support cluster formed by the combination of the weekly and the monthly PPs at 1.7089 during Monday's session.
As for the short-term future, it is expected for the currency exchange rate to aim at the three SMAs located near the 1.6963 within this session.
On the other hand, the GBP/CAD pair could fills the open gap north at 1.7115 during the following trading session.
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