GBPCAD

(Last Updated July 14, 2020)

Welcome to the news page for GBPCAD (GBPCAD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

As for trends on GBPCAD, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.

GBPCAD Moving Averages

The moving averages on GBPCAD indicate a trend that is clearly bullish.

The chart below illustrates.

Regarding GBPCAD’s correlations over the past 7 days, it has been most correlated with NZDCAD. Over the past 14 days, however, the asset showing the strongest correlation to GBPCAD is GBPCHF. Alternatively, the asset least correlated with GBPCAD over the past week has been EURAUD, but over the past two weeks, the asset least correlated with GBPCAD has been USDCAD. See the chart below to observe the recent price action in GBPCAD versus those of assets it hasn’t been well correlated with.

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The View From the Weekly Timeframe

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