Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.6797.

GBPCAD recently reached a major resistance zone at (1.6961) ,fibonacci fan level 50% from which the trend retraced lower. The current level is (1.6797) and the price is heading down. Now it is between fibonacci fan lines levels 50% & 38.20%. and can be observed that on a larger time-frame there is a channel down forming up .MACD indi…
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