GBP/CAD — News Archive

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Bulls Testing the Descending Trendline on GBP/CAD?

The Great Britain pound versus the Canadian dollar currency pair seems to have been favored by the double bottom formation, spawning an appreciation that allows the bulls to test the trendline for weak points.

Bulls on GBP/CAD Trying Their Best from 1.6800

The Great Britain pound versus the Canadian dollar currency pair seems not to be willing to go beneath 1.6724. Can the bulls put the double bottom formation to their use?

Bulls Back on GBP/CAD from 1.6868?

The Great Britain pound versus the Canadian dollar currency pair rejected the 1.6868 intermediary support level. Is this a valid bullish sign?

Rising Wedge on GBP/CAD from 1.6868

The Great Britain pound versus the Canadian dollar currency pair might be in the process of forming a rising wedge. Are the bulls ready to give up?

Bulls on GBP/CAD Being Kept at 1.7132

The Great Britain pound versus the Canadian dollar currency pair has a difficult time passing the 1.7132 resistance level. Will the bulls manage to conquer it?

First Bullish Attempt on GBP/CAD Fails at 1.6988

The Great Britain pound versus the Canadian dollar currency pair is maintaining its descending course. Are the bears back for good, at least from the medium-term perspective?

GBP/CAD Might Be Set for 1.6724

The Great Britain pound versus the Canadian dollar currency pair seems to be under bearish command. Do the bulls have any chance of getting into the scene in the near future?

Price Sent by the Bears at 1.7000 on GBP/CAD

The Great Britain pound versus the Canadian dollar currency pair is at the 1.7000 psychological level. Is there a chance for the bulls to stop the bears in their tracks?

Bears Joining Forces on GBP/CAD to Send Price Under 1.7200?

The Great Britain pound versus the Canadian dollar currency pair is back at the ascending trendline. Could the bears spell further movement to the downside?

Sterling Weakest After UK Construction PMI Sinks to Record Low

The Great Britain pound was the weakest currency on the Forex market during Wednesday’s trading. Initially, the euro was the second weakest but currently, the Canadian dollar replaced it, falling versus the shared European currency and trading about flat against the sterling. The drop of the UK construction index to the record low was among possible reasons for the slump of Britain’s currency.

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