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GBP/CAD 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP/AUD 1H Chart: Triangle Comment: From the most recent developments in GBP/AUD it follows that the currency pair is inclined to keep advancing north. The emerging triangle is expected to be broken to the upside, and in this case the target will be a supply area between 2.0930 and 2.0960, where the weekly R1 is joined by the Nov 27 high. However, we should note that there are several counter-arguments. First, the daily technical indicators are bearish; and secondly, the Sterling is overbought

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