GBPCAD analysis on dated 15-8-2019

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The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading above its 20 & 50 day moving average’s [Respectively 1.60530 and 1.60270]

Type: Intraday analysis

Recommendation: Sell/Sell limit @ 1.60950 Target: 60 pips

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