GBP/CAD
GBP/CAD market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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Economic calendar
GBP/CAD details
GBP/CAD is the forex ticker for the exchange rate between the British pound and Canadian dollar – the fourth and sixth most traded currencies in the world. It tells traders how many Canadian dollars are needed to buy a single unit of GBP.
The Canadian dollar is considered a commodity currency, due to the country’s position as an energy exporter, which means the price of GBP/CAD is heavily influenced by oil prices. When the demand for oil rises, it creates greater demand for the Canadian dollar – pushing the price of GBP/CAD down.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | 0.29 |
| Short | -1.29 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.0015 Points |
Spreads
| Spreads from | 0.0003 Points |
Margins
| 0 - 32,000,000 | 5.0 % |
| 32,000,000 - 160,000,000 | 7.0 % |
| 160,000,000 + | 10.0 % |
Dealing
| Spreads from | 0.0003 Points |
Margins
| 0 - 32,000,000 | 5.0 % |
| 32,000,000 - 160,000,000 | 7.0 % |
| 160,000,000 + | 10.0 % |
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