GBP/CAD Down 18 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Doji and Pin Bar Patterns Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
GBPCAD
(Last Updated April 8, 2020)
Hello! This is the news page for GBPCAD. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of GBPCAD:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bullish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bullish
How the Current GBPCAD Rate Fares Relative to the Past Year?
Yesterday saw the market for GBPCAD close at a rate of 1.7287. That means that relative to the past year, the rate of GBPCAD is now closer to its 52 week high (1.80702) than its 52 week low (currently at 1.58745).To dig deeper and get the latest news on GBPCAD, try the links below. You can also visit the MarketWatch or Investing.com pages on GBPCAD for more news as well.
GBP/CAD Up 29 Pips in Last 4 Hours, Price Base in Formation Over Past 30 Days; Eyes 50 Day Average
Or to simplify this another way, note that out of the past 30 days gbp/cad’s price has gone down 15 them.
GBP/CAD Up 23 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Doji and Pin Bar Patterns Appearing on Chart
The closest is the 50 day average, which is 123.5 pips away.
GBP/CAD Up 13 Pips in Last 4 Hours, Entered Today Down For the 3rd Day In A Row; Price Base in Formation Over Past 30 Days
This imputes a buy/sell ratio of 0.69, which is bearish.
GBP/CAD Down 64 Pips in Last 4 Hours, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
The closest is the 50 day average, which is 300.3 pips away.
GBP/CAD Down 18 Pips Over Past 4 Hours, 4 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
GBP/CAD Down 9 Pips in Last 4 Hours, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
GBP/CAD Up 32 Pips On 4 Hour Chart, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
This imputes a buy/sell ratio of 0.77, which is bearish.
GBP/CAD Down 43 Pips Over Past 4 Hours, Entered Today Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
GBP/CAD Up 126 Pips Over Past 4 Hours; Pin Bar Pattern Appearing on Chart
🔸 There was a strong rejection, so, we consider it has potential to reach the resistance zone..