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GBPCAD Still Bearish Despite Uptick Off 2½-Year Low

Started by PocketOption, Apr 01, 2022, 06:22 am

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PocketOption

GBPCAD Still Bearish Despite Uptick Off 2½-Year Low

GBPCAD is improving from the 29½-month low of 1.6315 but the near six-week decline from 1.7376 high remains intact below the 1.6714-1.6786 resistance boundary. The falling simple moving averages (SMAs) continue to endorse a deteriorating outlook in the pair. Moreover, the diving Ichimoku lines indicate that prevailing bearish forces are present, while the short-term oscillators […]


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