empty
 
 

2017.04.2003:06:00UTC+00Fxwirepro:buy Gbp/cad Above Trend Line Resistance

  • Major resistance – 1.7300 (trend line joining 1.75930 and 1.75230).
     
  • GBP/CAD broken minor trend line resistance at 1.6800 on Apr 18th 2017 and jumped sharply till 1.72813 on Apr 19th 2017.
     
  • The pair is facing strong medium term descending trend line resistance at 1.7290 and any break above confirms further bullish continuation, a jump till 1.7520 is likely.
     
  • On the lower side, near term support is around 1.7170 and any violation below will drag the pair down till 1.7090 (23.6% retracement of 1.65149 and 1.72813)/1.7000.
     
  • Short term bullish invalidation only below 1.6500.

     It is good to buy above 1.72900 with SL around 1.7230 for the TP of 1.7500/1.7530

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback