{"id":10095,"date":"2010-06-09T08:12:53","date_gmt":"2010-06-09T12:12:53","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10095"},"modified":"2010-06-09T08:12:53","modified_gmt":"2010-06-09T12:12:53","slug":"gbp-expecting-to-rebound-versus-cad","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/09\/gbp-expecting-to-rebound-versus-cad\/","title":{"rendered":"GBP Expecting to Rebound Versus CAD"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The GBP\/CAD pair has experienced much bearishness in the last few  days as it currently trades at 151.40. The current bearish trend is  expected to come to an end anytime soon, and a bullish correction may be  in the making. I will illustrate below that the GBP\/CAD may very well  be heading for a reversal. Traders are strongly advised to take  advantage of the trend at an early stage.<\/p>\n<p>\u2022\tBelow is the 4-hour chart of the  GBP\/CAD currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the Slow Stochastic and  Relative Strength Index.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the  chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bullish cross, signaling  that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 3: The Relative Strength Index (RSI) signals that the price  of this pair currently floats in the over-sold territory, indicating  upward pressure.<\/p>\n<p>GBP\/CAD 4-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/GBP-CAD-6-9.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/GBP-CAD-6-9.JPG\" alt=\"\" width=\"478\" height=\"559\" \/><\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><strong><em>Forex Market Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex      Yard.<\/a><\/strong><\/span><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and      may not be suitable for all investors. There is a possibility that    you   could sustain a loss of all of your investment and therefore you     should  not invest money that you cannot afford to lose. You should  be    aware of  all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The GBP\/CAD pair has experienced much bearishness in the last few days as it currently trades at 151.40. The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. I will illustrate below that the GBP\/CAD may very well be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/09\/gbp-expecting-to-rebound-versus-cad\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBP Expecting to Rebound Versus CAD&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10095","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10095"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}