GBPCAD is the forex ticker that shows the value of the British Pound against the Canadian Dollar; telling financial engineers and traders how many CAD are needed to buy one Pound Sterling.
Our Global Algorithmic Trading Software (GATS) System#6 indicates the following for GBPCAD as at March 8, 2022:
The GBPCAD Long Term Trend (LTT) is currently Bearish
The GBPCAD Medium Term Trend (MTT) is currently Bearish
The GBPCAD Short Term Trend (STT) is currently Bearish
The GBPCAD Micro Trend (MT) is currently Bearish
We are Bearish on GBPCAD with potential trade entry signal as follows:
Current Price for GBPCAD:1.6800
Global Entry Signal for GBPCAD : Sell 2.08 lot at 1.68068
Global Trailing Stop Distance for GBPCAD: 1.77671
Global Target Profit for GBPCAD: 1.39131
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