The charts are showing a continued breakdown in the GBP/CAD pair as negative commentary and lacklustre data appear to be casting a shadow over sterling, whilst a stabilization in the price of oil a…
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The GBP/CAD pair broke lower after the Bank of England (BOE) decided to cut rates and boosted QE at their August meeting, however, gains were offset by the release of poor payrolls data from Canada…
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The pound to Canadian dollar is breaking out from a wedge pattern which has been forming during July, and looks set to penetrate lower as the outlook for the pound remains negative.
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The GBP/CAD pair is correcting in the midst of a down-trend. Bank of England meeting and Canadian Trade data are seen as primary hot-spots for the pair in the coming week.
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The GBP/CAD pair is still ricocheting off a tight range as both currencies come under pressure from deteriorating fundamentals.
Read more … →The USD/CAD has just broken out of a triangle pattern and is rising, what are the possible targets to the upside?
Read more … →Charts indicate that coming week will probably see a decline in the GBP/CAD exchange rate.
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