GBP/CAD | British Pound to Canadian Dollar Trading Analysis

GBP/CAD,D1


Pivot: 1.7378


Analysis:

While the price is below 1.7591, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.7378
  • Take Profit 1: 1.7268
  • Take Profit 2: 1.7017


Alternative scenario:

If the level 1.7591 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.7591
  • Take profit 1: 1.7861
  • Take Profit 2: 1.8023


Comment:

RSI shows the possibility of a downtrend in the medium term.


Key levels:

Resistance --- Support

1.8023 --------- 1.7268

1.7861 --------- 1.7017

1.7591 --------- 1.6856

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