GC makes a good case to buy here on the daily chart, after breaking the downtrend we have since seen the MA50>MA200, indicating a switch in the trend in candle closes, with the last 50 closes closing higher than the 200 closes previous, we have seen price move back to the MA50, and has since broken TWAP also, we can look for buys here and try make a new high. Oil will be in an important factor here, as CAD export vast quantities any move higher in Oil could cause the CAD to develop more strength, so we bare that in mind.
Note
Strong trend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.