GBP/CAD Up 5 Pips in Last Hour, 4 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart

2 mins read
GBPCAD

Hourly Update (Last Updated March 26, 2021 1:57 GMT) At the moment, GBPCAD’s rate is up 5 pips (0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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 200 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price,…

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