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GBP/CAD Technical Analysis - GBP/CAD Trading: 2019-12-24
Slowing Canadian economy bullish for GBPCAD
Canada’s economy shrank by 0.1% over month in October, the first monthly decline since February. Will the GBPCAD continue rising?
The price chart on 1-hour timeframe shows GBPCAD: H1 is in uptrend. The price is rising toward the 200-period moving average MA(200) which is falling. The RSI oscillator is below 50 level but has not reached the oversold zone.
Technical Analysis Summary
| Order | Buy |
| Buy stop | Above 1.7055 |
| Stop loss | Below 1.6998 |
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