gbpcadforecast

This is my current view on GBPCAD . I think the whole downtrend is a corrective structure. Let's see!

GBP/CAD 1H Chart: Pennant The British Pound is trading against the Canadian Dollar in a pattern similar to pennant that started to form after a six-hour depreciation of the Sterling by 0.69%. Traditionally, pennants themselves are made of symmetrical triangles, but this time it made of an ascending triangle. From the triangle’ point of view, the breakout ...

GBP/CAD 1H Chart: Channel Up The British Pound is trading against the Canadian Dollar in a short-term ascending channel that formed in the result of a 78-pips appreciation of the Loonie three days ago. At the moment, it consists of two reaction highs and two reaction lows and, thus, might cease to exist already in the first half of the next week. After ...

I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade. For the past days, I've been obsessed with Canadian Dollar pairs. If this Forex pair does break the graphed line, it may possibly dip to the 1.59500 area.

At the bottom of the long-term channel it will complete a Bullish Bat Pattern that can push the price to higher. remember the trend is down so we need a strong trigger to go long

GBP/CAD can possibly break it's support and continue it's bearish trend 300 pips down. At the moment being the support is not strong and the chances of it breaking even further down are favorable. Invest after your own analysis and money manage properly. Happy trading!

My current view on GBPCAD

GBPCAD GBPCAD Long Opportunity, please watch strong support level for reversal or breakout.

There is a possibility that GBP/CAD may go down more than 300 pips to find back support. If it does break it's current support, then do not hesitate to short it till it finds it's next one. Always make your own analysis before investing as well as money manage properly! Happy trading!

The GBPCAD reversed course last month after an aggressive downtrend that took the pair 5,200 pips lower in just over a year. While there’s no guarantee the selloff has ended, last week’s close above 1.7540 was a sign that buyers are back. The 1.7540 area has been a crucial factor for the pound cross. It dates back to 2008 but is better known as the level that ...

Highly likely trend start to the upside. No trade setup = Only Analysis while including resistance lines.

As seen in chart, Traders Dynamic Index is indicating by the Weekly chart that the market has been oversold and is already turning uptrend (as seen by the drawn trendline cross (considering the indicator trend start signal too). This is my analysis on Weekly Time frame chart for overall future move. Will also show lower time frame analysis.

GBPCAD SHORT

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BoE is posting crucial economic figures today. Among them is interest rate, asset purchase facility and monetary policy summary and much more, so GBP is going to be a volatile currency to trade on this day. Technically, it looks very short against CAD. It's lower than closing price to the previous two days, so it's almost confirmed, but do not trade before we get ...

longing based on 2 broken trendlines. all details on the chart.

It's a strong resistance we a knocking at here. Even though CAD came out with disappointing numbers yesterday and GBP were a mixed bag - I still believe CAD is stronger and we'll see GBP continue down. It'll not surprise me if it jumps up today, but when that reverse happens I am in for a short.

waiting on the flag breakout