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hsa2501
Sep 26, 2016 9:36 AM

GBP CAD WEEKLY POUND LOONIE  Long

British Pound/Canadian DollarFXCM

Description

Major downtrend for many weeks being oversold all the time. Price is well below 20 and 50 EMA's a sight green candle shows sign s of a reversal, CAD gross domestic news may make the cad abit more weaker giving the GBP strength. The stochastic is confirming my bullish bias so the market shall go up.
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