Is GBP to CAD a bad long-term investment?

According to our Forecast System, GBP to CAD Forex pair is a bad long-term (1-year) investment*. "British Pound Sterling / Canadian Dollar" exchange rate predictions are updated every 5 minutes with latest Forex (Foreign Exchange) rates by smart technical market analysis. Q&A about GBP to CAD Fx forecast.

What is the pooled AUC for CAD prediction?

The prediction in CAD was associated with pooled AUC of 0.87 (95% CI 0.76–0.93) for CNN, pooled AUC of 0.88 (95% CI 0.84–0.91) for boosting algorithms, and pooled of AUC 0.93 (95% CI 0.85–0.97) for others (custom-built algorithms).

Is the pound to Canadian dollar (gbpcad) set for further declines?

The Pound to Canadian Dollar exchange rate (GBPCAD) looks set for further declines according to a new analysis from Canadian bank Scotiabank, although short-term indicators suggest the pair might be reaching oversold conditions. GBPCAD is about to break the 200-day moving average, opening the door to a determined downtrend.

Will gbpcad extend higher over the coming days?

GBPCAD can extend higher over the coming days, aided by increasing expectations for Bank of Canada interest rate cuts and a falling U.S. Dollar. Canadian Dollar weakness over the coming months is a high conviction view at Wells Fargo, the North American bank.