{"id":12579,"date":"2022-09-28T11:24:19","date_gmt":"2022-09-28T11:24:19","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12579"},"modified":"2023-05-15T11:27:11","modified_gmt":"2023-05-15T11:27:11","slug":"gbpcad-the-rsi-hasnt-been-this-oversold-since-1985","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/28\/gbpcad-the-rsi-hasnt-been-this-oversold-since-1985\/","title":{"rendered":"GBPCAD The RSI hasn&#8217;t been this oversold since 1985!"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The GBPCAD pair has been on a strong yearly decline, especially as of late. The 1M (monthly) RSI is currently at 20.87, the lowest it has been since January 1985. That is a good enough reason of its own to buy the pair. There are striking resemblances with the early 2000s fractal. A rebound on the Channel Down pattern&#8217;s bottom can push the price all the way to its top and the 1M MA50 (blue trend-line). Be ready to offset some risk though to complete a -24.85% decline, if the Channel&#8217;s bottom breaks.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/GBPCAD\/4DgO9Fw1-GBPCAD-The-RSI-hasn-t-been-this-oversold-since-1985\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/GBPCAD\/4DgO9Fw1-GBPCAD-The-RSI-hasn-t-been-this-oversold-since-1985<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The GBPCAD pair has been on a strong yearly decline, especially as of late. The 1M (monthly) RSI is currently at 20.87, the lowest it has been since January 1985. That is a good enough reason of its own to buy the pair. There are striking resemblances with the early 2000s fractal. A rebound<\/p>\n","protected":false},"author":611,"featured_media":12580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12579"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12579\/revisions"}],"predecessor-version":[{"id":12582,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12579\/revisions\/12582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12580"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}