Analysis of GBPCAD 24.01.2019

24 Jan. 2019
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:

Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position 1.7500
Take Profit Level: 1.7620 (120 pips)

If the price rebound from resistance level, you should follow recommendations below:

Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position 1.7380
Take Profit Level: 1.7300 (80 pips)

USDJPY 
Possible long position at the breakout of the level 110.00

EURUSD 
Possible short position in the breakdown of the level 1.1330

GBPCAD
Possible long position at the breakout of the level 0.9930

GBPUSD
Possible long position at the breakout of the level 1.3100
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