Category: GBPCAD

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GBPCAD Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.6595, beginning of uptrend is expected.
We make sure when the resistance at 1.7285 breaks.
If the support at 1.6595 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI bounced from the resistance #1 at 62 and it prevented price from more gains.
A peak is formed in daily chart at 1.7172 on 12/06/2018, so more losses to support(s) 1.6825 and minimum to Major Support (1.6595) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 49.

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GBPCAD Weekly Forex Forecast 2nd December to 8th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.6595, beginning of uptrend is expected.
We make sure when the resistance at 1.7285 breaks.
If the support at 1.6595 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI bounced from the resistance #1 at 62 and it prevented price from more gains.
A trough is formed in daily chart at 1.6785 on 11/15/2018, so more gains to resistance(s) 1.7055 and maximum to Major Resistance (1.7285) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.

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GBPCAD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.6595, beginning of uptrend is expected.
We make sure when the resistance at 1.7285 breaks.
If the support at 1.6595 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI bounced from the resistance #1 at 62 and it prevented price from more gains.
A trough is formed in daily chart at 1.6785 on 11/15/2018, so more gains to resistance(s) 1.7055 and maximum to Major Resistance (1.7285) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 49.

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GBPCAD Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.6595, beginning of uptrend is expected.
We make sure when the resistance at 1.7285 breaks.
If the support at 1.6595 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI bounced from the resistance #1 at 62 and it prevented price from more gains.
A peak is formed in daily chart at 1.7285 on 11/14/2018, so more losses to support(s) 1.6825 and minimum to Major Support (1.6595) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45

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GBPCAD Weekly Forex Forecast 12th November to 18th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.6595, beginning of uptrend is expected.
We make sure when the resistance at 1.7285 breaks.
If the support at 1.6595 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI bounced from the resistance #1 at 62 and it prevented price from more gains.
A peak is formed in daily chart at 1.7255 on 11/07/2018, so more losses to support(s) 1.7055, 1.6825 and minimum to Major Support (1.6595) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.

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GBPCAD Weekly Forex Forecast 5th November to 11th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.6595, beginning of uptrend is expected.
We make sure when the resistance at 1.7285 breaks.
If the support at 1.6595 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI bounced from the support #1 at 37 and it prevented price from more losses.
A trough is formed in daily chart at 1.6640 on 10/30/2018, so more gains to resistance(s) 1.7055 and maximum to Major Resistance (1.7285) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 55

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GBPCAD Weekly Forex Forecast 28th October to 3rd November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.7230, resumption of downtrend is expected.
We make sure when the support at 1.6565 breaks.
If the resistance at 1.7230 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 1.7230 is broken.
Technical analysis:

The RSI bounced from the resistance #1 at 63 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of resumption of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.

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GBPCAD Weekly Forex Forecast 22nd October to 28th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.7230, resumption of downtrend is expected.
We make sure when the support at 1.6565 breaks.
If the resistance at 1.7230 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 1.7230 is broken.
Technical analysis:

Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.

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GBPCAD Weekly Forex Forecast 7th October to 13th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.7185, resumption of downtrend is expected.
We make sure when the support at 1.6565 breaks.
If the resistance at 1.7185 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 1.7185 is broken.
Technical analysis:

While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.

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GBPCAD Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.7185, resumption of downtrend is expected.
We make sure when the support at 1.6565 breaks.
If the resistance at 1.7185 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 1.7185 is broken.
Technical analysis:

While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 43.