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GBPCAD
I have not discussed such a currency configuration yet. I want to add new instruments because I have noticed that there are many retail investors who are trying their hand at multiple currency pairs. The analysis will be a bit general, as GBPCAD has been moving in a wide consolidation range for 4 years. When analyzing such values, one should take into account the continuation of what we see, and only after a strong breakthrough of a certain level should be set on the trend. At the moment we have a rebound that is likely to continue. A mildly sloping growth channel is forming that I expect will break as the British Pound continues to strengthen. In addition, remember that we have the end of the month, i.e. closing contracts, and soon opening new contracts that are likely to move the rates on each market.
