Technical Analysis – GBPCAD appears to be consolidating declines, capped by the 200 MA  

GBPCAD seems to be lacking direction after the descent from the 1.8045 top, as the pair finds itself squeezed by the upper Bollinger band, coupled by the 200-period simple moving average (SMA) and the lower band. The short-term oscillators reflect a pause in the market but lean towards a negative picture. The MACD, in the […]