I think the market understands everything better than some media reports. Canada's two-year bond yield has remained unchanged since just before the release of GDP estimates. They have outperformed on the US front end, with strong US data, including a positive surprise in the Employment Cost Index, driving higher two-year returns. This was the largest repeat...
This is what I'm looking at on smaller timeframe. A coming drop
This is the price movement prediction I'm looking at based on the sequence I'm seeing.
We have the market hitting premium zone for the first time and retracing up hence after premium we head to discount levels. On the fundamental side we can see a lot rate pauses hence that mean "Fundamental factors also support higher prices than we are seeing now. Market investors are cheering lower inflation figures, suggesting that central banks will move more...
Hello Friends GBPCAD trading within bearish channel on bigger time frame with rising wedge on shorter time frame suggest bears are in controll. Look for price rejection around 1.6930 on dialy time frame for sell opperutnities. My Idea is that it can retest around 1.6530 and 1.6360 in case of failing 1.6530. Good luck Friends
Further interest rate hikes are likely to further worsen a struggling economy, but concerns continue to rise that the Bank of England is taking too much risk in taking action and exposing the UK economy to further inflation. There is. On the U.S. side, investors are hoping and pleading that the Fed will move into a rate-cutting cycle sooner rather than later,...
Ater the break and the retest, the price is now ready to fall down. The resistence is really strong, and the price need to get the other liquidation levels
The analysis is provided for educational purposes only. Be aware of the potential risk of loss before your own trading decision.
Its time to Short GBP/CAD. The perfect storm has arrived with fear of war the GBP will sell as investors flock to the Safe currencies. The price of oil will surge and so will the CAD. The technicals are lining up for the sell off. If you decide to take this trade, please USe proper risk management...See you at the bottom
GBPCAD has finally filled the HTF Imbalance... And also reacted with a BOS, leaving a nice Orderblock for $hort$ maybe I would wait for a Trendline break... but that is up to you Good Luck Traders
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!
Breakout and Pullpack to Breakout Point Entry : To day LOW price SL : Breakout Candle Bar high Tp : R:R 1:2 - 1:1 cut to 50%
The Bank of England predicted this week that the UK economy is likely to weaken in the months leading up to the next general election, raising concerns about Chancellor Rishi Sunak's government. The central bank's Monetary Policy Committee will cut its gross domestic product estimates for the second half of this year and early 2024 after surveys and official...
wait for retest the keylevel then take a trade for BUY otherwise skip this setup
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Potential for a bearish pullback on the GBPCAD 1W pair, which could lead to a price movement towards the support level at 1.60000 in the upcoming period.
GBP/CAD has been forming higher high and higher low after break trend line & resistance recently, price created higher high and higher low again. Therefore, my entry is 1.68160 ( I think that the price will continue its trend next week) my stoploss level 1.67625 ( two previous ema , previous higher low ) My target 1.70590 (fibonacci retracement 0.786) Risk...
PRICE seems to be completing a wave c correction with 5 waves after that the sells will resume to complete wave 5