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USD/ZAR 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/CAD 4H Chart: Channel Up Comment: GBP/CAD bottomed out in early October, and since then the currency pair has been developing a bullish channel. Accordingly, we hold a positive bias with respect to the Sterling, especially considering the near-term technical indicators. The rate is expected to rebound from 2.0190/50 and test a tough resistance level at 2.0320. In case of success the price will be in a good position to rise towards 2.0570. Alternatively, in case the lower boundary of the

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