Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
This is a reversal of the price action on the previous hour, in which price moved up.
The closest is the 100 day average, which is 169.3 pips away.
Price action traders may also wish to note that we see a doji candlestick pattern on gbpcad.
Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up.
This is a reversal of the price action on the previous hour, in which price moved down.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.