GBP/CAD chart - Trading View
GBP/CAD was trading rangebound on the day at 1.7114 at around 06:35 GMT, with session high at 1.7132 and low at 1.7103.
The pair has paused downside at major support at 200W MA at 1.7091, break below required for further weakness.
Technical indicators are biased lower. Momentum studies are strongly bearish. MACD and ADX support downside in the pair.
Price action has confirmed breach of Symmetric Triangle pattern which reinforces downside in the pair.
Analysis of GMMA indicator shows major and minor trend are bearish. Volatility is high and bearish momentum is likely to drag prices lower.
The pair has slipped below 61.8% Fib and is on track to test 76.4% Fib at 1.7032. Failure to break below 200W MA will negate any bearish bias.


FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro-Major European Indices
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro- Major Pair levels and bias summary
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD loses momentum but bullish setup remains 



