GBPCAD United Kingdom Pound - Canadian Dollar Forecast, Technical & Fundamental Analysis

GBPCAD in -0.08% downward trend, sliding for three consecutive days on April 13, 2025

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GBPCAD declined for three days, in of 234 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

GBPCAD broke above its upper Bollinger Band on April 15, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 14, 2025. You may want to consider a long position or call options on GBPCAD as a result. In of 129 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GBPCAD just turned positive on April 14, 2025. Looking at past instances where GBPCAD's MACD turned positive, the stock continued to rise in of 99 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GBPCAD advanced for three days, in of 286 cases, the price rose further within the following month. The odds of a continued upward trend are .