GBPCAD reached a 30min resistance level. A 30min close below the resistance may trigger corrective weakness as highlighted on the chart. It is important to note that the brexit negotiations are ongoing to avoid Britain exiting the EU without a deal. The USD tremors in the market were triggered by President Trump's remarks on the Fed and his interest in a weak USD to boost exports.
Do note that that this is a short-term signal. Only a 30min close above the resistance may invalidate the signal.
Do note that that this is a short-term signal. Only a 30min close above the resistance may invalidate the signal.