Technical analysis for trading/investing
Technical analysis for trading/investing
Currencies | GBP/CAD | Trend notes for 2021
The price is in consolidation within a range, the top of this range is the resistance zone between 1.7500 – 1.770. The bottom of this range is the support zone between 1.6000 – 1.5880. Until we see break out of this consolidation, we will have choppy trading. In the middle we have support zone as well between 1.6730 – 1.6600 that is proving bounces on the daily.
Monthly chart:
Weekly chart:
The pair rejected strong support around 75.00 and started a bullish run. At the moment…
The pair formed double bottom on the monthly and weekly chart rejecting strong support around…
On the monthly chart we can see double tops rejecting key resistance zone around 1.4430…
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