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  1. #1
    jonsmith is offline Senior Member
    Join Date
    Sep 2015
    Posts
    100

    Default Gbp/cad today bullish

    The secondary trend of GBP/CAD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair.
    Resistance level of 2.0175 and Support level of 2.0015
    If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
    gbpcad.jpg
    INDICATORS:-
    RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

    STRATEGY: GBP/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

  2. #2
    jonsmith is offline Senior Member
    Join Date
    Sep 2015
    Posts
    100

    Default

    GBPCAD BEARISH TODAY

    The secondary trend of GBP/CAD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
    Resistance level of 1.9495 and Support level of 1.9260
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    GBPCAD.jpg
    INDICATORS:-
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: GBP/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

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