GBP/CAD Down 78 Pips; Crosses 100 Day Moving Average
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
GBPCAD
(Last Updated April 3, 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: bearish
50 Day Moving Average Direction: bullish
100 Day Moving Average Direction: bullish
200 Day Moving Average Direction: bullish
How the Current GBPCAD Rate Fares Relative to the Past Year?
The exchange rate for GBPCAD closed yesterday at 1.7516. On a relative basis, that puts the pair closer to its 52 week high (currently at 1.80702) than its 52 week low (now 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 246 Pips; Breaks Above 100 Day Average
Out of the 40 instruments in the forex asset class, gbp/cad ended up ranking 10th for the day in terms of day-over-day price change.
GBP/CAD Makes Big Move Relative to Past Three Months, Moves Down For the 3rd Day In A Row; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, gbp/cad ranked 26th yesterday in terms of percentage price change.
GBP/CAD Makes Big Move Relative to Past Three Months, Heads Down For the 3rd Day In A Row; in an Uptrend Over Past 14 Days
As for the rationale, technical traders seem to be citing the appearance of channel, fibonacci, trendline, triangle and wedge technical patterns.
GBP/CAD Down 53 Pips; in an Uptrend Over Past 14 Days
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
GBP/CAD Heads Up For the 5th Day In A Row
Relative to other instruments in the forex asset class, gbp/cad ranked 5th yesterday in terms of percentage price change.
GBP/CAD Up 137 Pips; Price Base in Formation Over Past 90 Days
This imputes a buy/sell ratio of 0.46, which is bearish.
GBP/CAD Heads Up For the 2nd Day In A Row; Crosses 20 Day Moving Average
Relative to other instruments in the forex asset class, gbp/cad ranked 10th yesterday in terms of percentage price change.
GBP/CAD 2 Day Down Streak Snapped; Crosses 50 and 100 Day Moving Averages
The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 4.26% from the day prior, and up 97.89% from the same day the week before.