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GBPCAD ANALYSIS

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OANDA:GBPCAD   英鎊 / 加元
GBPCAD has pøtential to reach a high in the purple box as illustrated as it is currently in an upwards trend, it is also above both my 50 period and 20 period moving averages indicating that a long signal is relatively likely to occur, however if two strong bearish candles are next there is a possibility for it to retrace and become a downwards trend or for a correction to occur.

What does everyone else think ?

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