FX:GBPCAD   British Pound / Canadian Dollar
254 0 10
The GBPCAD             is comparable to the USDCAD             and EURCAD             since the CAD is the driver behind this move. Although the Pound is under serious pressure against all other majors, it has to retrace now and then.

I believe that we might see such a correction soon for a test of at least 1.92. However I updated EURCAD             and USDCAD             as well, it is wise to trade that pair that looks best and not trade them all.

http://www.timstuyts.com

facebook/timstuyts/
Comment: The GBPCAD was not able to show an impulsive leg higher after the break out of the wedge. Now I'll be looking for an impulse of lesser degree again before a possible buy. However in case that we see another corrective leg a sell should be next after a bearish break out.

Trade active: We saw the anticipated break and impulse of lesser degree. We see a consolidation in progress at the moment and a test of the upper channel is what I'll be looking for to determine whether we will see a bullish continuation or a bearish reversal.

Comment:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out