The GBPCAD provides positive signal – Forecast today – 30-4-2024
Economies.com
2024-04-30 05:40AM UTC
GBPCAD Price Analysis
Expected Scenario
- The GBPCAD price concluded recent trades with a positive close above the 1.7125 resistance line, achieving gains up to 1.7165.
- Consolidation of the MA55 below the breached resistance is expected to reinforce the formation of new support against bullish trades.
- Stochastic reaching overbought areas will provide the price with new positive momentum, suggesting further positivity extending towards 1.7195 and 1.7255 soon.
Expected Trading Range
Between 1.7125 and 1.7195.
Trend Forecast: Bullish
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