Dear Traders, GBP is expected to be a weaker due to DXY is gaining its strenght back, because of this main reason we may see CAD, AUD AND DXY dominating in coming weeks. Let's grab the opportunity and made some huge move. Thanks for your continuous support!
Dear Traders, hope you are doing great, we have an update on GBPCAD, our previous setup moving in positive with 380 PIPS.The GBP/CAD currency pair has been on a downward trend this week, falling from a high of 1.6650 on Monday to a low of 1.6350 on Friday. The pair has been under pressure from a number of factors, including a stronger US dollar and a weaker...
GBPCAD is decelerating at the support level, creating a bullish harmonic pattern. Price action created a double bottom with divergence at the level, indicating buy pressure. The market is testing the psychological level of 1.69000, and the fibo level lines up with it. We anticipate a bullish move. ------------------- Share your opinion in the comments and...
Hello traders, we want to check the GBPCAD chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to act as a resistance level and the price will fall to around 1.70000. Good luck.
GBPCAD broke and closed below the psychological level at 1.71000. The market is trading in the descending channel. Price completed the AB=CD pattern, and we anticipate a pullback after. If the market pulls back to the kill zone, we can look for selling opportunities. ------------------- Share your opinion in the comments and support the idea with like....
Here is my analysis for GBPCAD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders, we want to check the GBPCAD chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to play the role of a resistance level and cause the price to fall to around 1.70800. Good luck.
22nd August daily key reversal bar made a new high, closed towards the low aggressive indication for weakness ahead. supply zone: 1.7250-7310. sl 1.7330, target: 1.7040.
Here is my analysis for GBPCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPCAD market is trading in an ascending channel, and it has a perfect AB=CD pattern. Price made a double top at resistance and created an engulfing candle. On the daily chart, the price is actually at resistance, so it will be harder to break through it. We expecet pullback to support level that perfcatly lines up with 38.2% fibo...
if this analysis is responded positively, then the RSI which is showing convergent indications at this time may respond positively to the market with a limited bearish occurrence in the support area that has been tested below.
The Canadian dollar fell past the 1.34 per USD level, an over two-month low, as the greenback remains strong amid bets the Fed will need to keep interest rates elevated for longer. At the same time, oil prices fell from recent highs and Canada posted the largest trade deficit since November 2020, highlighting the extent of net outflows of the domestic currency...
GBP-CAD broke out of The range and the breakout Is confirmed so now we are Locally bullish biased And we will be expecting A move up towards the Target of 1.73284 !
Welcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hello Traders, Just like my EURCAD analysis (inserted below), GBPCAD has also aligned on the monthly, weekly, and daily timeframes. Just like EURCAD also, GBPCAD did not trade into the weekly order block before the daily chart printed a bullish price structure and as I stated in my EURCAD analysis, it is not necessary. GBPCAD printed a bullish CHOCH on the daily...
GBPCAD broke and closed below the psychological level 1.7000. Price pulled back to psychological level and 50% fibo retracement following bearish move. If the price action creates a pinbar or double top, we can look for selling opportunities. Price action is likely to go further down to complete the AB=CD pattern if the market moves...
After a change in the market structure, I still see this pair in a bearish condition. With the bearish target that is still the same as the past analysis.
GBPCAD, I am expecting down move from H2 order block which is looking very strong to continue the down trend.