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GBPCAD D1 01 20 2020 0906

The GBP/CAD currency pair has entered into a downtrend in the medium term. The MACD is still into negative territory, and the price is below EMA 20 and EMA 50, according to the daily chart. The weekly chart indicates a downtrend for this pair. The price stays below EMA 20 and EMA 50. A downtrend pattern formed on the RSI oscillator is still in progress.

January 21
UK Unemployment rate 3.8% expectation (3.8% previous)
UK Unemployment change (28k previous)
BOE governor Mark Carney speaks in Davos
January 22
Canada CPI YoY (2.3% expectation); (2.2% previous)
MoM (0.00% expectation); (-0.1% previous)
BOC rate decision (1.75% expectation); ( 1.75% previous)
BOC chairman Poloz press conference

GBPCAD W1 01 20 2020 0908

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