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Weekly forecast British Pound / Canadian Dollar technical chart
Symbol GBPCAD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateJune 26, 2021 - 20:17
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.67700, beginning of uptrend is expected.
  • We make sure when the resistance at 1.78750 breaks.
  • If the support at 1.67700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 1.7260 on 06/21/2021, so more losses to support(s) 1.6905 and minimum to Major Support (1.6770) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 41.

Supports and Resistances:

  1. 1.8050
  2. 1.7435
  3. 1.7315
  4. 1.7160
  5. 1.6905
  6. 1.6770
  7. 1.6585
  8. 1.6190
  9. 1.5875
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Canadian Dollar (GBPCAD) Sun, 14 Apr 2024
British Pound / Canadian Dollar (GBPCAD) Sun, 7 Apr 2024
British Pound / Canadian Dollar (GBPCAD) Sat, 30 Mar 2024
British Pound / Canadian Dollar (GBPCAD) Mon, 25 Mar 2024
British Pound / Canadian Dollar (GBPCAD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPCAD.