GBPCAD Down to 1.6000/1.5800 in Medium Term

Short

British Pound / Canadian Dollar (FX_IDC:GBPCAD)

Updated

FX_IDC:GBPCAD British Pound / Canadian Dollar

beyondta

The U-Shape and S-Curve Bands confirmed for downward in long and medium term. Time Series indicates for pressuring down to 1.6000/1.5800. Short trade becomes feasible from the monthly high/low, weekly high/low and daily high/low. Equivalent band performance is EURCAD. The actual target is subject to her equivalent rate with EURCAD at their lower medium term bands.

Comment:

I short GBPCAD to follow the medium term band.

Comment:

I may limit my target of profit on GBPCAD.

Comment:

Riding down as the forecast and target likely to be hold.

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