Technical Analysis – GBPCAD in bearish mode recedes below 200-day SMA
GBPCAD’s negative momentum seems to be growing, something also reflected in the short-term oscillators. The pair looks to be restricted by the mid-Bollinger band and the 200-day simple moving average (SMA), following a one-month decline from the 1.7703 peak. The MACD, deep in the negative region has dipped back below its red signal line while […]