Home About the company Daily reviews GBPCAD Analysis 05.11.2019

GBPCAD Analysis 05.11.2019

The pivot zone 1.6931 holds back sellers. The currency pair is trading in the range of 135 moving average directed upwards. Bullish divergence has formed on Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals oversoldness.

 

Trading recommendations:

Buy while the current upward trend of an upward pattern 123 is forming.

Stop Loss under the local minimum (1.6931).

Target - 1.7078.

When the profit is equal to the stop order, close the  ½ of the order.

Author: admin
Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

Review topic

All Fundamental reviews Market news Premarkets Technical reviews
Log in Registration

Don't have your language?