The Canadian dollar made some gains against the greenback, but that is mostly fueled by the weakness of the USD. What’s next for the C$? Here is their view, courtesy of eFXnews: The Canadian dollar reversed its course following the Fed’s interest rate decision, seeing its greatest daily appreciation in a year but such gains are likely to [...]
The post CAD: Loonie Boost Only Temporary; Where To Target CIBC appeared first on Forex Crunch.
The British pound enjoys another round of buying following the BOE’s hawkish tilt last week, as well as the Federal Reserve’s dovish hike. GBP/USD is now trading at 1.2410. The next resistance line is very close: 1.2415. Further resistance is only at 1.2540. Support awaits at 1.2360. The Rightmove House Price Index showed a rise of 1.3% in prices [...]
The post GBP/USD extends gains and tops 1.24 appeared first on Forex Crunch.
GBPCAD made a huge H4 Engulfing candle right at a Double bottom level. The price then continued making higher highs as well. This suggests that the pair is in strong buy trend. However, the price has been having correction now. Let us find out the levels, that might be the support and the breakout level…
GBPCAD Free Forex Trading Signals – 20th March 2017
See the massive H4 candle, which was created at 1.63100. This is a Double bottom level as well. This means the price has its strong support at this level. The price then went up to 1.65430 and started having correction. As things stand with the pair, the level of 1.64490 might come into play and act as a level of Support. If it really does, then we should wait for a breakout at 1.65429.
The pair has the potential to go towards the North up to 1.67000. This means the risk and reward ratio here is lucrative for the buyers. Let us have a look at the summary of the trade…
Although this analysis has been done upon the H4 chart. However, the gap between the breakout and Support level is huge. Thus, the pair might take time to test the support level and even more time to make the breakout. This means buyers have to be patient here. To some extent, this chart looks to fit with the daily chart more than the H4 chart. Traders are advised to keep their eyes on the Daily candle pattern as well to be sure.
You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.
We hope that you enjoy our Free Forex Trading Signal today: GBPCAD Free Forex Trading Signals – 20th March 2017
The post GBPCAD Free Forex Trading Signals – 20th March 2017 appeared first on Advanced Forex Strategies.
EUR/USD starts the trading week on a positive note. After consolidating the gains towards the end of the week, we are now seeing an upwards move in the range. The world’s most popular currency pair trades around 1.0770, just under resistance at 1.0775. Further resistance awaits at 1.0830. What is behind the fresh move? This is mostly [...]
The post EUR/USD resumes gains on USD weakness appeared first on Forex Crunch.
