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15 May 2015
GBP/CAD a strong technical set up - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that GBP/CAD is making new short-term cycle highs today.
Key Quotes:
"Underpinning what looks to be a very constructive technical set up."
"The longer-term charts are positive—bullish reversal from major supports (200-day MA and retest of the 2014 consolidation break out)—while the daily picture is bullish (above the 28– and 40-day MA signals)."
"Trend momentum is positive across short, medium and longer-term studies. All in, this is a strongly bullish technical picture which suggests ongoing pressure higher (towards 1.92) and, we reiterate strongly, an eventual move to 2.00/2.02. Buy modest dips."
Key Quotes:
"Underpinning what looks to be a very constructive technical set up."
"The longer-term charts are positive—bullish reversal from major supports (200-day MA and retest of the 2014 consolidation break out)—while the daily picture is bullish (above the 28– and 40-day MA signals)."
"Trend momentum is positive across short, medium and longer-term studies. All in, this is a strongly bullish technical picture which suggests ongoing pressure higher (towards 1.92) and, we reiterate strongly, an eventual move to 2.00/2.02. Buy modest dips."