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The Pound to Canadian Dollar (Loonie) has broken above the 200-day moving average signalling a possible reversal of the long-term bearish trend assuming it can hold onto the break in the coming days.
March 28,2017
GBP/CAD has broken clearly out of its extended sideways range and moved higher, reaching the current 1.6731 highs.
March 27,2017
GBP/CAD decides in which direction to move after long deliberation.
March 22,2017
The Canadian Dollar rose sharply after Canadian retail sales rose by 2.2% compared to the month before
March 22,2017
The Pound to Canadian Dollar exchange rate has been consolidating within a fairly narrow range between 1.62 and 1.65 for several weeks now, but now it is starting to show signs of directional activity.
March 20,2017
The price of crude oil fell 9% last week as inventory data showed stockpiles rising whilst data from futures exchanges showed a record high number of long or buy positions.
March 13,2017
Concerning the near-term outlook, the exchange rate has now formed a possible double bottom reversal pattern at the lows which could signal a reversal of the downtrend if it results in activation by way of a break higher.
March 13,2017
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