After a clean bearish trend with lower highs and lows, GBPCAD finally seems to able to breakout from the trend with higher high levels and moving averages crossing over.
US500 in 1h time frame with technical indicators telling reversal movement (oversold), making an inverse head and shoulders pattern for a start of possible new bullish trend after some significant bearish trend for last 2 weeks. It could also be seen as an end of the corrective waves of elliott wave theory in a bigger picture (1D time drame)
Possible breakout movement from EURGBP consolidation pattern with moving averages crossing over. If the price breaks out and comes back for confirmation at 0.87000 and bounces, we can consider it a long term buy.
AUDUSD in a possible consolidation pattern after a sufficient bearish movement, indicating that if it breakout the support area at 0.63600 we can call it the continuation for the bearish trend.
