GBP/CAD Weekly Forecast - Week Commencing 05/03
Weekly Fundamentals: (High Risk events)
Friday 10th March
13:30 GMT - CAD - Unemployment Rate (Previous: 6.8% Forecast: 6.8%)
13:30 GMT - CAD - Change in Unemployment (Previous: 48.3k Forecast: -15.5k)
Analysis:
Looking to enter a long position once there is a break of 1.64660. The is MACD confluence on 1W and 4Hr. Waiting for the 1D time frame to show this before a long position which should come into play after the break of this resistance.
Friday 10th March
13:30 GMT - CAD - Unemployment Rate (Previous: 6.8% Forecast: 6.8%)
13:30 GMT - CAD - Change in Unemployment (Previous: 48.3k Forecast: -15.5k)
Analysis:
Looking to enter a long position once there is a break of 1.64660. The is MACD confluence on 1W and 4Hr. Waiting for the 1D time frame to show this before a long position which should come into play after the break of this resistance.
Comment:
I've not gone into this position and at the moment its not looking attracive. I will see if there is more upward momentum tomorrow
