Trade Idea For August 22nd ,2014 -GBP/CAD
By Ric Spooner of CMC Markets
After several months of sideways drift, the pound now has the potential to break down against the Canadian Dollar. Comments by Mr. Carney and well behaved UK inflation have recently exerted downward pressure. My trade idea is to sell on a clear break below the 200 day moving average looking for a deeper correction of the major uptrend to get underway.
Full Article and Trade Details Here
By Ric Spooner of CMC Markets
After several months of sideways drift, the pound now has the potential to break down against the Canadian Dollar. Comments by Mr. Carney and well behaved UK inflation have recently exerted downward pressure. My trade idea is to sell on a clear break below the 200 day moving average looking for a deeper correction of the major uptrend to get underway.
Full Article and Trade Details Here