GBP/CAD Down 69 Pips Over Past Hour, 2 Day Up Streak Broken; is Inching Close to 100 Day Average

3 mins read

Hourly Update (Last Updated March 22, 2021 1:47 GMT) Currently, GBPCAD’s rate is down -69 pips (-0.4%) from the hour prior. GBPCAD has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, with price now being below them. The moving averages on the hourly…

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