Technical Analysis – GBPCAD recedes, yet retains a positive tone

GBPCAD faded further into the Ichimoku cloud and dropped below the 50-period simple moving average (SMA), following the retracement from the three-month high of 1.7673 peak. The Ichimoku lines suggest a temporary stalled picture in positive directional momentum. Nevertheless, signs of improvement are still evident in the rising SMAs and the stochastic oscillator. The rising […]