GBPCAD analysis on dated 04-9-2019

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above its 20 day moving average (1.61300) but above its  50 day moving average (1.62477). Main priority, today’s canadian data release & we expect data will be released as positive.

Type: Intraday analysis

Recommendation: Sell @ 1.62500 Target: 100 pips