The GBPCAD exits the bullish track – Analysis – 30-5-2023
3 months ago

The GBPCAD pair faced strong negative pressures recently to force it to crawl below the bullish channel’s support line at 1.6950, to provide frequent negative closings that hints the activation of the negative track, achieving 1.6725 level.


The above chart shows stochastic negative momentum signals by crawling below 50 level, to increase the chances of targeting new negative stations that might start at 1.6650 followed by reaching the MA55 near 1.6570.



The expected trading range for today is between 1.6820 and 1.6650


The expected trend for today: Bearish

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