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long1996

GCAD Weekly Analysis

British Pound / Canadian Dollar (FX:GBPCAD)  
long1996  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
The pair has tried to regain its upward momentum but failed as the bears are in control. The small bullish candlestick last weeks indicates that the pair has completed the correction rally and are preparing to resume its downtrend this week. The next immediate target is the daily support at 1.7075 region and 1.68 weekly support.
Bias
Long-term: Short
Short-term: Long
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