FX:GBPCAD   British Pound/Canadian Dollar
14 0 7
The ( Ichimoku ) has started to indicate a bearish signal (the bright-green MA has just started crossing below the bright-red MA, as you can see)... In addition, the cloud-resistances above is also quite thick... (This is quite a significantly bearish sign; because the price & the crossing is taking-place more "underneath" the cloud...) So now the price is perhaps trying to retest the cloud-supports/resistances & perhaps will most probably make a pullback downwards...

The MACD has already started forming some kind of a peak below (as you can see); it might get deeper down most probably... However, the RSI is still around it's neutrality level of 50 (neither close to overbought nor oversold condition yet)...

But a break out above the cloud will invalidate this idea.

Trade safe.
Best regards.
Comment: A strong-caution on the 4h time-frame:

snapshot


AO/MACD looks to be turning upwards...

RSI crossed-over neutrality level of 50...

Thick Ichimoku cloud-supports below...

Any bearishness looks rather limited/restricted...

Trade safe.
Best regards.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out