GBP/CAD 4H Chart: Decline likely to continue - Trade Pattern Ideas - Dukascopy Bank
Tue, 21 May 2019 04:49:50 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Buy
Buy
Neutral
Stochastic(5;3;3)
Buy
Buy
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇒
⇒
⇒
The Great British Pound has depreciated about 2.03% in value against the Canadian Dollar since May 14. The exchange rate has revealed a new narrow descending channel pattern.
As for the near future, it is likely that a breakout could occur through the lower boundary of the descending channel pattern at 1.7088 during the following trading sessions.
However, the currency exchange rate could reverse from the current price level at 1.7088 and aim for a resistance line at 1.7306 in the short-term.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.