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Weekly forecast British Pound / Canadian Dollar technical chart
Symbol GBPCAD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSeptember 24, 2022 - 22:10
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.50186 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.53001 on 09/22/2022, so more losses to more depths 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 25.

Supports and Resistances:

  1. 1.80078
  2. 1.76000
  3. 1.73728
  4. 1.69541
  5. 1.66382
  6. 1.65062
  7. 1.61707
  8. 1.60016
  9. 1.57628
  10. 1.56132
  11. 1.54846
  12. 1.53500
  13. 1.52450
  14. 1.50186
Click on the level to view price action history.