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 the RSI is falling in the bearish territory. Moreover, the stochastic oscillator is turning negative as the %K line nears a bearish overlap with its [..]
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