GBPCAD GOING FOR NEW HIGHS?
DATE: 17/04/2014
RENKO CHART
Prices moved up 4 RENKO blocks today due to the good economic data from UK
Moving close to the high established since January
Very good up slope with wide gaps between the 2 EMA
RSI still a distance from the oversold region
CANDLESTICK CHART
A cup and handle formation forming. A break above the year high should send this pair on a bullish trend
CONCLUSION
KEEP CLOSE EYE ON THIS PAIR AS IT PRESENTS A GOOD LONG OPPORTUNITY.
LOOKING AT CURRENCY HEATMAP SHOWS WEAK PERFORMANCE BY THE CAD, THEREFORE HIGH CHANCE OF THE HIGH BEING BROKEN. BUT ALL REMAINS TO BE SEEN.
RENKO CHART
Prices moved up 4 RENKO blocks today due to the good economic data from UK
Moving close to the high established since January
Very good up slope with wide gaps between the 2 EMA
RSI still a distance from the oversold region
CANDLESTICK CHART
A cup and handle formation forming. A break above the year high should send this pair on a bullish trend
CONCLUSION
KEEP CLOSE EYE ON THIS PAIR AS IT PRESENTS A GOOD LONG OPPORTUNITY.
LOOKING AT CURRENCY HEATMAP SHOWS WEAK PERFORMANCE BY THE CAD, THEREFORE HIGH CHANCE OF THE HIGH BEING BROKEN. BUT ALL REMAINS TO BE SEEN.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.