JWagnerFXTrader
Long

GBP/CAD at Range Low & 200 SMA

FX:GBPCAD   British Pound / Canadian Dollar
136 0 1
The GBP/CAD             has been stuck in a 400 pip range for most of 2014.

This morning, the pair reached its 200 Day Simple Moving Average ( Daily Chart ) which also happens to be the range low for the pair as well.

On ranging pairs, one of my favorite strategies is to buy at support on bullish divergence with the CCI oscillator. When inspecting this pair closely on a 3 hr             chart time frame, we have 2 instances of bullish divergence in that the price has created a lower low while the oscillator is creating a higher low.

This combination suggests price is running into support on slowing momentum which is what I want to see on a range pair.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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