GBP/CAD Trend Analysis 9-9-2015

The GBP/CAD is trending up on the larger time frames, line the MN time frame. This pair has sold off on the D1 time frame but is now reversing back up into the main trend. Traders can set a buy alert at 2.0440. Above this price look for a buy signal on this pair in the main session using The Forex Heatmap®. This pair has some near term resistance up to the 2.0440 area, but past there this pair has potential to the 2.0950 area. This is around 500 pips of overall potential. Check the larger time frames like the MN time frame to verify the longer term uptrend. The trend analysis charts you see below are exponential moving averages we give to our clients.

GBP/CAD Trend Analysis 9-9-2015

GBP/CAD Trend Analysis 9-9-2015

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