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EIP-EverythingIsPlanned

GBPCAD Weekly Forex Forecast 23rd September To 28th September

British Pound / Canadian Dollar (OANDA:GBPCAD)  
EIP-EverythingIsPlanned  
OANDA:GBPCAD   British Pound / Canadian Dollar
Wave Analysis GBPCAD gbpcadshort gbpcadlong gbpcadanalysis gbpcadforecast Forex forexsignals forextrading
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waveanalysis gbpcad gbpcadshort gbpcadlong gbpcadanalysis gbpcadforecast forex forexsignals forextrading
Midterm forecast:

While the price is below the resistance 1.7185, resumption of downtrend is expected.
We make sure when the support at 1.6565 breaks.
If the resistance at 1.7185 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 1.7185 is broken.
Technical analysis:

While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 46.
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