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
Trade at your own risk!. This is not an investment advice!
RISK WARNING!
There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don’t trade with money you cannot afford to lose.
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Accountancy Institute,Inc. or Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.