GBPCAD TECHNICAL ANALYSIS
Here is a GBPCAD Technical Analysis on the daily time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.
GBPCAD on the Daily Time Frame
Price is currently trading below the 15 and 30 EMA.
The price is trading in a downward trend.
Price had just come in contact with a support level.
If the price manages to break through the EMA, it may continue to shoot upwards until it touches the 15 EMA.
Additional points on GBPCAD
MACD is red and below the zero-line.
Price is may increase at least up the 15 EMA or the next resistance level.
Do come back to our website more often for more Forex Technical Analysis by Team ForexAchievers who are behind the awesome signals at ForexAchievers Signals App.
Have a great trading day ahead!
Forex Signals App
Find out more about our ForexAchievers Signals App! – Click here
Available on Apple store – Click here
Available on Google Play store – Click here