Thursday, August 22, 2019
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Technical Analysis – GBP/CAD tumbles from congested areas

GBP/CAD tumbles from congested areas; buyers try to gain some control. GBP/CAD slipped aggressively from the May 6 top of 1.7727, breaking through the congested support lines formed during the August 2018-March 2019 up-leg, with buyers only seeming to make progress installing this down push yesterday. The short-term simple moving averages (SMAs) of

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Technical Analysis – GBP/CAD posts 20-month lows

GBP/CAD posts 20-month lows; looks for a rebound in the short-term. GBP/CAD is currently trading not too far away from yesterday’s 20-month low of 1.6572, having pulled back marginally. The momentum indicators suggest that there is a potential for an upside correction. The RSI, which has been moving around its 30 level over the last month, is pointing up

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