Check historical price trends and seasonality for GBPCAD (GBPCAD=X).
GBPCAD (GBPCAD=X) average YTD return over the past 10 years is -0.94%.
Over the past 10 years, the return for the specified period (Jan 18 for 7 days) is +0.33%.
5 wins 3 losses with a win rate of 62.50%.
1) Overview:
GBPCAD exhibits a distinct seasonal pattern over the past 10 years. The currency pair tends to appreciate from late January through March, peaking around March 14 with an average gain of +0.9%. A significant bearish phase is observed from June through October, reaching its lowest point around October 9 with an average decline of -2.8%. The pair then begins a recovery phase from November into the end of the year, although it experiences a slight dip around December 31, averaging -0.9%.
2) Buy-the-dip points:
The most prominent buying opportunity appears in October, particularly around October 9, following a sustained period of weakness from June. This period sees an average decline of -2.8%, suggesting a potential oversold condition and a subsequent rebound. Another potential buying opportunity arises near the end of December, around December 31, when the pair experiences a minor dip of -0.9% before potentially continuing its recovery into the new year.
3) Summary:
Based on the 10-year average seasonality, a strategic approach to GBPCAD would involve considering long positions around October 9 to capitalize on the historically weak period and potential for a reversal. Another opportunity presents itself near December 31. Traders should be aware of the overall downtrend from June to October and uptrend from late January to March, adjusting their positions accordingly.
| Year | Start Date | Start Price | End Date | End Price | Return | Rate (%) |
|---|---|---|---|---|---|---|
| 2024 | 2024-01-18 | 1.7114 | 2024-01-24 | 1.7077 | -0.0037 | -0.22 |
| 2023 | 2023-01-18 | 1.6447 | 2023-01-24 | 1.6547 | 0.0100 | 0.61 |
| 2022 | 2022-01-18 | 1.7079 | 2022-01-24 | 1.7026 | -0.0053 | -0.31 |
| 2021 | 2021-01-18 | 1.7326 | 2021-01-24 | 1.7362 | 0.0036 | 0.21 |
| 2019 | 2019-01-18 | 1.7237 | 2019-01-24 | 1.7451 | 0.0214 | 1.24 |
| 2018 | 2018-01-18 | 1.7197 | 2018-01-24 | 1.7395 | 0.0198 | 1.15 |
| 2017 | 2017-01-18 | 1.6180 | 2017-01-24 | 1.6568 | 0.0388 | 2.40 |
| 2016 | 2016-01-18 | 2.0804 | 2016-01-24 | 2.0298 | -0.0506 | -2.43 |
| Avg | 1.7423 | 1.7466 | 0.00 | 0.33 |
| Day \ Month | Jan Total +0.29% | Feb Total -0.18% | Mar Total +0.19% | Apr Total -0.22% | May Total -0.32% | Jun Total -1.62% | Jul Total -0.08% | Aug Total -0.21% | Sep Total -0.10% | Oct Total +0.26% | Nov Total +1.24% | Dec Total -0.08% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Avg -0.05% | 0.00% | -0.23% | -0.04% | -0.08% | +0.16% | +0.04% | -0.12% | -0.03% | -0.16% | -0.21% | +0.11% | +0.02% |
| 2 Avg +0.02% | 0.00% | +0.30% | -0.29% | -0.03% | 0.00% | -0.28% | +0.16% | +0.08% | +0.13% | -0.08% | +0.10% | +0.18% |
| 3 Avg -0.10% | -0.45% | -0.04% | -0.03% | +0.10% | -0.04% | +0.06% | -0.17% | +0.02% | -0.20% | 0.00% | -0.35% | -0.06% |
| 4 Avg -0.01% | +0.02% | -0.30% | +0.32% | -0.08% | +0.14% | +0.06% | -0.17% | -0.10% | +0.02% | -0.04% | +0.10% | -0.04% |
| 5 Avg -0.03% | -0.10% | -0.01% | +0.11% | 0.00% | +0.04% | -0.14% | -0.13% | -0.18% | 0.00% | +0.17% | -0.26% | +0.11% |
| 6 Avg +0.02% | +0.01% | -0.25% | +0.34% | -0.08% | -0.06% | -0.02% | -0.07% | -0.06% | +0.20% | +0.01% | +0.25% | -0.02% |
| 7 Avg -0.08% | +0.03% | 0.00% | -0.09% | -0.15% | -0.18% | -0.13% | +0.13% | +0.01% | -0.25% | -0.36% | +0.09% | -0.07% |
| 8 Avg +0.01% | -0.07% | +0.14% | -0.24% | -0.14% | -0.16% | +0.16% | +0.22% | +0.19% | -0.04% | -0.01% | +0.09% | +0.03% |
| 9 Avg -0.02% | -0.16% | +0.11% | +0.41% | +0.09% | +0.05% | -0.21% | +0.03% | -0.23% | -0.09% | -0.13% | -0.15% | +0.05% |
| 10 Avg -0.02% | -0.08% | -0.05% | +0.08% | -0.13% | +0.09% | +0.07% | -0.13% | -0.07% | +0.02% | +0.02% | -0.07% | -0.04% |
| 11 Avg +0.01% | +0.05% | +0.11% | -0.08% | -0.20% | -0.06% | -0.07% | +0.08% | -0.07% | +0.08% | +0.19% | +0.32% | -0.26% |
| 12 Avg -0.03% | +0.05% | -0.10% | +0.10% | +0.09% | -0.12% | +0.08% | +0.13% | -0.26% | -0.08% | -0.08% | -0.02% | -0.13% |
| 13 Avg -0.02% | -0.12% | -0.20% | -0.16% | +0.01% | -0.14% | -0.39% | +0.08% | +0.07% | +0.25% | +0.11% | -0.16% | +0.36% |
| 14 Avg +0.09% | +0.07% | +0.24% | +0.29% | -0.01% | +0.14% | +0.02% | -0.25% | +0.04% | -0.08% | +0.20% | +0.37% | +0.10% |
| 15 Avg +0.03% | +0.11% | -0.08% | -0.16% | +0.11% | -0.07% | -0.10% | +0.26% | -0.12% | +0.18% | -0.06% | +0.12% | +0.17% |
| 16 Avg -0.02% | -0.09% | -0.12% | -0.28% | +0.27% | -0.08% | +0.24% | -0.01% | +0.12% | +0.09% | +0.11% | -0.30% | -0.21% |
| 17 Avg +0.03% | +0.08% | +0.01% | -0.07% | -0.23% | -0.06% | +0.12% | +0.07% | +0.14% | +0.10% | -0.05% | +0.14% | +0.05% |
| 18 Avg +0.08% | +0.45% | -0.11% | +0.10% | +0.10% | +0.07% | +0.05% | -0.10% | +0.03% | +0.26% | +0.04% | +0.14% | -0.10% |
| 19 Avg +0.01% | +0.12% | +0.19% | -0.22% | +0.13% | +0.11% | -0.10% | -0.09% | +0.06% | -0.20% | +0.01% | -0.02% | +0.08% |
| 20 Avg +0.02% | +0.09% | +0.01% | +0.11% | +0.19% | +0.13% | +0.06% | -0.14% | -0.02% | 0.00% | -0.09% | +0.05% | -0.15% |
| 21 Avg -0.02% | -0.23% | +0.15% | -0.08% | -0.05% | -0.04% | -0.09% | -0.03% | +0.05% | +0.05% | +0.05% | +0.16% | -0.15% |
| 22 Avg -0.01% | +0.08% | +0.14% | -0.09% | -0.03% | -0.12% | +0.04% | -0.02% | -0.01% | -0.12% | +0.18% | -0.09% | -0.04% |
| 23 Avg +0.02% | +0.30% | -0.11% | +0.07% | -0.19% | +0.01% | +0.01% | +0.04% | +0.11% | -0.05% | -0.07% | +0.01% | +0.05% |
| 24 Avg +0.02% | +0.09% | 0.00% | -0.05% | +0.13% | -0.01% | +0.05% | +0.02% | -0.20% | -0.13% | +0.10% | +0.20% | +0.04% |
| 25 Avg -0.02% | +0.08% | -0.27% | +0.14% | +0.16% | +0.09% | -0.02% | -0.03% | -0.07% | -0.02% | -0.19% | -0.11% | +0.03% |
| 26 Avg +0.02% | +0.13% | +0.08% | -0.01% | 0.00% | +0.04% | +0.11% | +0.02% | +0.02% | -0.51% | +0.22% | +0.16% | -0.01% |
| 27 Avg -0.04% | -0.03% | -0.01% | +0.09% | +0.05% | -0.04% | -0.84% | +0.11% | -0.08% | +0.15% | +0.17% | 0.00% | -0.10% |
| 28 Avg +0.03% | -0.03% | +0.22% | +0.07% | -0.04% | -0.06% | -0.21% | +0.14% | +0.09% | -0.02% | -0.12% | +0.18% | +0.08% |
| 29 Avg -0.07% | -0.06% | - | -0.25% | -0.04% | -0.05% | -0.16% | -0.10% | -0.04% | +0.02% | +0.05% | +0.05% | -0.14% |
| 30 Avg +0.02% | -0.07% | - | +0.07% | -0.17% | +0.02% | -0.02% | -0.10% | -0.02% | +0.30% | -0.02% | +0.14% | +0.12% |
| 31 Avg +0.07% | +0.01% | - | +0.03% | - | -0.10% | - | +0.09% | +0.32% | - | +0.14% | - | -0.03% |
| Rank | Stock | Avg Return (%) | Wins | Losses |
|---|
