GBPCAD Trend & momentum 17-Nov-2015

Particularly for a last few months, Forex market tends to be driven by jump rather than gradual trend. Geopolitical risk has clearly arisen since later 2014, and it is increasing as Paris terror attack last weekend. Nowadays, news and information spread much quicker than past, and they are more digitally formatted.
Those have been likely to contribute changing behaviour in Forex market.

By the way, trend and momentum indicates GBPCAD is expected downward trend in a coming week. As military action is becoming stronger, demand for oil can be increased, which is generally positive for the currencies such as CAD. Tomorrow 18-Nov, 10y bond auction will be held in UK, whose result could drive GBP.

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