GBPCAD analysis on dated 22-8-2019

410

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 day moving average’s [Respectively at 1.61220 and 1.61320] Finally, the GBP/CAD has crossed above its upper Bollinger band (1.61380). The pair has made ascending channel & now staying at top position.

Type: Intraday analysis

Recommendation: Sell @ 1.62950 Target: 60 pips

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