GBPCAD Analysis: The British economy is recovering more actively than the Canadian

August 31, 2020

By IFCMarkets.com

The British economy is recovering more actively than the Canadian

British GDP fell 21.7% at an annual rate in the second quarter. Canadian GDP contracted significantly more – by 38.7%. Overall, Britain’s economy fell less and is recovering more actively than Canada’s. In June, UK GDP grew by 8.7%, and Canadian – by 6.5%. Note that the possible success of the Brexit negotiations is a positive factor for the pound, while for the Canadian dollar, there is a risk factor in the possible correction of world oil prices that have been traded in a narrow range over a month

Indicator VALUE Signal
RSI Neutral
MACD Sell
MA(200) Buy
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Neutral

 

Summary of technical analysis

Order Buy
Buy stop Above 1,75
Stop loss Below 1,717

Market Analysis provided by IFCMarkets.com

InvestMacro

Share
Published by
InvestMacro

Recent Posts

The sell-off in risk assets intensified as tariffs took effect

By JustMarkets  The US economy added 228,000 jobs in March 2025, well above the downwardly…

13 hours ago

Currency Speculators dropped their Bullish Bets before last week’s turmoil

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

1 day ago

Speculator Extremes: Live Cattle, Brent, 5-Year & Wheat top Bullish & Bearish Positions

By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…

2 days ago

COT Metals Charts: Speculator Bets led lower by Gold, Copper & Silver

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

2 days ago

COT Bonds Charts: Speculator Bets led by SOFR 1-Month & US Treasury Bonds

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

2 days ago

COT Soft Commodities Charts: Speculator Bets led by Soybean Oil, Cotton & Soybeans

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

2 days ago

This website uses cookies.