ForceFollower

GBPCAD Testing The Down Fork's Upper MLH

FX:GBPCAD   British Pound / Canadian Dollar
79 1 0
Has it fallen out of this ascending green triangle? It has clearly failed to make it to the top, not to mention a new high. I find it weakening, unless the market holds some surprise up the sleeve. So anything can happen: it can summon all the strength it needs and break out to the up side, or the flagging bahaviour will continue and we'll see further decline. The CAD doesn't seem to be strong enough for the corrective scenario and the sterling has weakened somewhat, esp             . against the AUD. So I'm wavering but a little bit more bearish than bullish .
2014/01/30, 15:30 GMT. We've had two rejections of the green trend line - a switchback resistance, reinforcing the bearish scenario.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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