GBP/CAD 4H Chart: Could edge lower - Trade Pattern Ideas - Dukascopy Bank
Tue, 06 Aug 2019 06:06:03 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Buy
Buy
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Neutral
Sell
Sell
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇘
⇒
The Pound Sterling has been trading sideways against the Canadian Dollar since July 30. The currency pair has remained near the weekly pivot point at 1.6114 since last week's trading sessions.
It is likely that the exchange rate will continue to trade in a descending channel pattern within this week's trading sessions. The GBP/CAD pair might aim for the bottom border of the channel pattern at 1.5793 in the coming days.
Furthermore, technical indicators flash sell signals on both the daily and the weekly time-frame charts.
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.