Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/CAD Trade idea

  • Major resistance – 1.7300 (trend line joining 1.75930 and 1.75230).
     
  • GBP/CAD broken minor trend line resistance at 1.6800 on Apr 18th 2017 and jumped sharply till 1.72813 on Apr 19th 2017.
     
  • The pair is facing strong medium term descending trend line resistance at 1.7290 and any break above confirms further bullish continuation, a jump till 1.7520 is likely.
     
  • On the lower side, near term support is around 1.7170 and any violation below will drag the pair down till 1.7090 (23.6% retracement of 1.65149 and 1.72813)/1.7000.
     
  • Short term bullish invalidation only below 1.6500.

    It is good to buy above 1.72900 with SL around 1.7230 for the TP of 1.7500/1.7530

Resistance                                                                         

R1-1.7290              

R2 -1.7480

R3- 1.7520

Support                   

S1-1.7170

S2-1.7090

S3-1.7000

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 15 21:00 UTC Released

USOverall Net Capital Flows

Actual

151.2 Bln USD

Forecast

Previous

-51.3 Bln USD

December 15 21:00 UTC Released

USNet L-T Flows,Incl.Swaps

Actual

7.9 Bln USD

Forecast

Previous

65.1 Bln USD

January 9 11:00 UTC 3525635256m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3525635256m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3525635256m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3525635256m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3525635256m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3525635256m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

December 12 09:30 UTC 51555155m

GBRPIX YY

Actual

Forecast

Previous

4.2 %

December 12 09:30 UTC 51555155m

GBPPI Input Prices MM NSA

Actual

Forecast

Previous

1 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.