{"id":7463,"date":"2010-03-10T08:48:32","date_gmt":"2010-03-10T13:48:32","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7463"},"modified":"2010-03-10T08:48:32","modified_gmt":"2010-03-10T13:48:32","slug":"gbpcad-provides-bullish-signals","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/10\/gbpcad-provides-bullish-signals\/","title":{"rendered":"GBP\/CAD Provides Bullish Signals"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The GBP has dropped significantly versus the CAD in the past month, and it is currently trading around 153.55. And now as evident in the data below, the daily chart is giving bullish signals, indicating that the GBP\/CAD pair might go up. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal.<\/p>\n<p>\u2022\t Below is the  daily GBP\/CAD chart by ForexYard.<\/p>\n<p>\u2022\tThe technical indicators used are the Relative Strength Index (RSI), MACD, and Williams Percent Range.<\/p>\n<p>\u2022\tThere is a \u201cdoji\u201d candlestick that has formed on the chart, indicating that a reversal should take place.<\/p>\n<p>\u2022 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>\u2022\tThe MACD indicates an impending bullish cross, which may signal an upward movement is going to occur in the near future.<\/p>\n<p>\u2022\tThe Williams Percent Range is testing the lower border at the -100 mark, which merely highlights some added upward pressure.<\/p>\n<p>GBP\/CAD Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/GBP-CAD-10-3-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/GBP-CAD-10-3-2010.JPG\" alt=\"\" width=\"440\" height=\"534\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/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 has dropped significantly versus the CAD in the past month, and it is currently trading around 153.55. And now as evident in the data below, the daily chart is giving bullish signals, indicating that the GBP\/CAD pair might go up. Forex traders can take advantage of this impending movement &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/10\/gbpcad-provides-bullish-signals\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBP\/CAD Provides Bullish Signals&#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-7463","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7463","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=7463"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7463\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}