GBPCAD: Long-term Trend

GBPCAD, Daily

In the Daily timeframe, GBPCAD fell towards the trendline in a long-term uptrend. The price is testing important support and MA50. At the same time, Momentum has fallen below 100.0, and a divergence has formed on the RSI.

• A break of the trend line below MA50 and 1.7750 will start the correction to 1.7450;

• A rebound from the trend line will bring GBPCAD back to 1.8110;