Weekly GBPCAD Technical Analysis and Forecast - Forex - Forecast City

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Weekly forecast		British Pound / Canadian Dollar technical chart
Symbol	GBPCAD	Download MT4 template file Trading suggestion: By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Date	July 13, 2019 - 19:23
Current	downtrend
Forecast	continuation of downtrend
Midterm forecast: While the price is below the resistance 1.65750, continuation of downtrend is expected. We make sure when the support at 1.60000 breaks. If the resistance at 1.65750 is broken, the short-term forecast -continuation of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 1.6850 on 06/25/2019, so more losses to support(s) 1.6230 and minimum to Major Support (1.6000) 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: 1.8415 Resistance on 03/19/2018 Peak on 03/19/2018 Resistance on 06/16/2016 Resistance on 06/10/2016 Support on 05/04/2016 Resistance on 05/02/2016 Resistance on 04/27/2016 Resistance on 04/26/2016 Resistance on 04/25/2016 Resistance on 04/18/2016 Resistance on 04/12/2016 Support on 04/07/2016 Support on 04/06/2016 Resistance on 05/04/2015 Support on 05/01/2015 Support on 04/29/2015 Support on 04/27/2015 Resistance on 04/23/2015 Resistance on 04/22/2015 Support on 04/14/2015 Resistance on 01/20/2015 Resistance on 08/11/2014 Resistance on 08/08/2014 Resistance on 08/07/2014 Resistance on 08/04/2014 Resistance on 08/01/2014 Resistance on 07/29/2014 Resistance on 07/18/2014 Resistance on 07/17/2014 Resistance on 07/14/2014 Resistance on 06/13/2014 Resistance on 06/06/2014 Resistance on 06/05/2014 Resistance on 05/14/2014 Resistance on 04/15/2014 Resistance on 04/01/2014 Resistance on 03/28/2014 Resistance on 03/27/2014 Support on 03/25/2014 Support on 03/21/2014 Support on 03/12/2014 Support on 03/11/2014 Support on 02/25/2014 Support on 02/24/2014 1.8050 Resistance on 04/17/2018 Resistance on 04/16/2018 Resistance on 04/09/2018 Support on 04/02/2018 Support on 03/29/2018 Support on 03/15/2018 Resistance on 03/07/2018 Peak on 03/07/2018 Support on 06/13/2016 1.7725 Resistance on 05/06/2019 Resistance on 03/27/2019 Resistance on 03/26/2019 Resistance on 03/19/2019 Resistance on 03/15/2019 Resistance on 03/14/2019 Resistance on 03/13/2019 Resistance on 03/12/2019 Resistance on 03/07/2019 Resistance on 03/06/2019 Resistance on 06/22/2018 Support on 04/20/2018 Support on 03/09/2018 Resistance on 02/26/2018 Resistance on 02/23/2018 Resistance on 02/21/2018 Resistance on 05/19/2017 Resistance on 05/18/2017 Resistance on 05/11/2017 Resistance on 05/08/2017 1.7535 Resistance on 05/10/2019 Support on 05/03/2019 Resistance on 04/30/2019 Resistance on 04/16/2019 Resistance on 04/15/2019 Resistance on 04/11/2019 Resistance on 04/05/2019 Resistance on 04/02/2019 Resistance on 04/01/2019 Resistance on 03/29/2019 Support on 03/20/2019 Support on 03/15/2019 Support on 03/06/2019 Resistance on 02/28/2019 Resistance on 02/27/2019 Resistance on 01/25/2019 Resistance on 06/20/2018 Resistance on 06/19/2018 Resistance on 06/18/2018 Resistance on 06/15/2018 Resistance on 05/09/2018 Support on 02/20/2018 Resistance on 02/14/2018 Resistance on 02/13/2018 Resistance on 02/09/2018 Resistance on 02/08/2018 Resistance on 02/06/2018 Resistance on 02/05/2018 Resistance on 02/02/2018 Resistance on 02/01/2018 Resistance on 01/26/2018 Resistance on 06/08/2017 Resistance on 06/07/2017 Resistance on 05/24/2017 Support on 05/22/2017 Support on 05/17/2017 Support on 05/16/2017 Resistance on 09/15/2016 Resistance on 08/03/2016 Resistance on 06/30/2016 Resistance on 06/29/2016 Resistance on 06/28/2016 Resistance on 06/27/2016 Support on 06/24/2016 Support on 11/21/2014 Support on 09/08/2014 Support on 01/02/2014 Support on 12/31/2013 Support on 12/30/2013 Resistance on 12/20/2013 Resistance on 12/04/2013 1.7315 Support on 04/23/2019 Support on 04/22/2019 Support on 04/17/2019 Support on 04/02/2019 Resistance on 01/22/2019 Resistance on 12/28/2018 Resistance on 12/27/2018 Resistance on 12/24/2018 Resistance on 07/25/2018 Resistance on 07/24/2018 Resistance on 07/18/2018 Support on 07/13/2018 Support on 07/09/2018 Support on 07/06/2018 Support on 07/04/2018 Support on 07/03/2018 Support on 07/02/2018 Support on 06/28/2018 Support on 06/14/2018 Support on 06/13/2018 Support on 06/08/2018 Resistance on 06/04/2018 Resistance on 06/01/2018 Resistance on 05/29/2018 Resistance on 05/28/2018 Resistance on 05/25/2018 Resistance on 05/24/2018 Support on 05/15/2018 Support on 01/30/2018 Support on 01/29/2018 Support on 01/22/2018 Resistance on 01/19/2018 Resistance on 01/18/2018 Resistance on 12/08/2017 Support on 06/07/2017 Support on 06/06/2017 Support on 06/05/2017 Support on 06/01/2017 Resistance on 04/24/2017 Resistance on 04/21/2017 Resistance on 04/20/2017 Support on 09/15/2016 Support on 09/14/2016 Resistance on 09/09/2016 Resistance on 09/06/2016 Resistance on 08/01/2016 Resistance on 07/29/2016 Resistance on 07/18/2016 Resistance on 07/15/2016 Resistance on 07/14/2016 Resistance on 07/13/2016 Support on 06/29/2016 1.7175 Support on 05/16/2019 Support on 02/21/2019 Support on 02/20/2019 Resistance on 02/11/2019 Support on 01/31/2019 Support on 12/24/2018 Resistance on 12/20/2018 Resistance on 12/06/2018 Resistance on 11/13/2018 Resistance on 10/19/2018 Resistance on 09/27/2018 Resistance on 09/18/2018 Peak on 09/18/2018 Resistance on 09/11/2018 Resistance on 09/10/2018 Support on 07/25/2018 Support on 07/20/2018 Support on 07/19/2018 Support on 06/01/2018 Support on 05/29/2018 Resistance on 01/16/2018 Resistance on 01/15/2018 Resistance on 01/12/2018 Resistance on 12/21/2017 Resistance on 12/15/2017 1.7090 Resistance on 06/03/2019 Resistance on 05/31/2019 Support on 05/17/2019 Support on 02/19/2019 Resistance on 02/15/2019 Support on 02/11/2019 Resistance on 02/06/2019 Resistance on 02/05/2019 Support on 02/01/2019 Resistance on 01/16/2019 Resistance on 01/15/2019 Resistance on 01/14/2019 Support on 01/02/2019 Resistance on 12/20/2018 Resistance on 12/19/2018 Resistance on 11/22/2018 Support on 11/14/2018 Support on 11/06/2018 Resistance on 09/25/2018 Resistance on 09/19/2018 Resistance on 09/14/2018 Resistance on 09/07/2018 Resistance on 09/06/2018 Resistance on 09/05/2018 Resistance on 08/02/2018 Support on 07/30/2018 Support on 07/27/2018 Support on 05/31/2018 Support on 05/30/2018 Support on 01/17/2018 Support on 12/15/2017 Support on 12/14/2017 Support on 12/12/2017 Support on 12/07/2017 Resistance on 12/05/2017 1.6975 Resistance on 06/12/2019 Resistance on 06/07/2019 Support on 06/05/2019 Support on 06/04/2019 Support on 05/30/2019 Support on 05/23/2019 Support on 05/22/2019 Support on 02/15/2019 Support on 02/14/2019 Support on 02/06/2019 Support on 02/05/2019 Support on 01/15/2019 Support on 01/07/2019 Support on 01/04/2019 Support on 01/03/2019 Support on 12/20/2018 Resistance on 12/10/2018 Support on 11/29/2018 Support on 11/12/2018 Support on 10/23/2018 Support on 10/19/2018 Support on 10/17/2018 Resistance on 10/05/2018 Support on 09/25/2018 Support on 09/20/2018 Resistance on 08/31/2018 Resistance on 01/11/2018 Resistance on 01/10/2018 Resistance on 01/05/2018 Resistance on 01/04/2018 Resistance on 12/29/2017 Resistance on 12/28/2017 Support on 12/22/2017 Support on 12/21/2017 Support on 12/06/2017 Support on 12/05/2017 Support on 11/28/2017 Resistance on 11/24/2017 Resistance on 11/21/2017 Resistance on 11/20/2017 Resistance on 10/30/2017 Resistance on 10/26/2017 Resistance on 10/25/2017 Resistance on 06/28/2017 Resistance on 12/06/2016 Resistance on 12/05/2016 Resistance on 12/01/2016 Resistance on 11/15/2016 Resistance on 11/14/2016 Resistance on 11/09/2016 Resistance on 10/03/2016 Support on 09/30/2016 Support on 09/29/2016 Support on 09/23/2016 Support on 09/22/2016 1.6900 Resistance on 06/17/2019 Resistance on 06/14/2019 Resistance on 06/11/2019 Resistance on 06/10/2019 Support on 06/07/2019 Support on 05/22/2019 Support on 01/15/2019 Support on 01/03/2019 Support on 12/18/2018 Resistance on 12/14/2018 Resistance on 12/13/2018 Resistance on 12/12/2018 Resistance on 12/11/2018 Support on 12/07/2018 Resistance on 12/04/2018 Resistance on 12/03/2018 Support on 11/27/2018 Support on 11/26/2018 Support on 11/23/2018 Support on 11/22/2018 Support on 11/21/2018 Support on 11/20/2018 Resistance on 09/03/2018 Resistance on 08/31/2018 Resistance on 08/30/2018 Resistance on 08/08/2018 Resistance on 08/07/2018 Resistance on 08/06/2018 Support on 01/04/2018 Support on 01/03/2018 Support on 12/06/2017 Resistance on 11/17/2017 Resistance on 10/27/2017 Resistance on 07/03/2017 Resistance on 06/26/2017 Resistance on 06/23/2017 Resistance on 06/22/2017 Resistance on 06/21/2017 Resistance on 03/27/2017 Resistance on 12/06/2016 Resistance on 12/05/2016 Resistance on 12/01/2016 Resistance on 11/25/2016 Support on 11/14/2016 Support on 11/11/2016 Resistance on 11/09/2016 Support on 09/23/2016 1.5755 Support on 01/16/2017 Support on 10/07/2016 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