The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by...
GBPCAD since the beginning of the week have been moving bearish and in respect to this, I plan to stick to the trend, the daily and the weekly also shows the bearish trend, and to follow this I expect this pair to retrace to the 50 Exponential moving average and we short to the 800 Exponential moving average.
The GBPCAD pair delivered a solid buy trade last time we analyzed it (October 05 2023, see chart below), easily hitting the 1.71110 Target, on a structure rise: The price is now signaling a bearish call as it has been rejected on the Lower Highs trend-line that started on the July 17 2023 High. This is technically a Quadruple Top if it stays that way and...
Consider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Consider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
GBPCAD big support zone, I expect a move up from this zone. With this move I am looking for GBPCAD to break trough the 1.7000 level as shown on the chart. Let me know what you think!
Factors Strengthening GBP: Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar. Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like...
#GBPCAD UPDATE Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPCAD. Traders, Anna is monitoring the pair #GBPCAD. GBPCAD will go up soon in the HTF. The reason behond to this is that it formed inverse head and shoulder pattern. Also it take a bullish turn from the...
Looking for a rejection and a further move down. I am still very bearish on GBPCAD on daily and higher time frames. As price short up pretty hard today we might see a big bearish day tomorrow. Let me know what you think!
GBPCAD long setup coming soon. Big daily and 4h support zone! Let me know what you think!
GBPCAD big support zone coming up. Will be looking for a price reversal! Let me know what you think!
#GBPCAD UPDATE Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPCAD. Traders, Anna is looking for #GBPCAD, soon we all will see a big downfall in this pair. Reason behind this is that it has done change of character pattern in the HTF, and then retest the most recent...
GBPCAD long idea from this support zone. Will be looking to enter long positions when I see price moving to the upside! Be carful, their is CAD news coming out 4pm today! Trade carefully and manage your risk!
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. GbpCad at a key turning point ,to see more downside or continue its uptrend if it hold 1.71 band..let's watch and act accordingly. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you...
Hello Traders In our last GBP/CAD analysis, we predicted the bearish momentum and made 500-600 pips. after a long retracement, we expect another downward wave. it's too soon to judge because we don't have any solid confirmation yet. I guess "CAD" GDP data will clarify the road. However we feel bearish for GBP/CAD, and expect another 800-1100 pips drop in about...
Hello traders, have a good week. GBP/CAD analysis. The trend is down. Focus more on selling more. Be a friend of the trend. Good luck.
After price broke structure with momentum, it retraced while forming liquidity in the process. Price has now mitigated the supply that was left behind and is now potentially looking to target the weak low and trendline liquidity below