The current GBP/CAD exchange rate indicates a favorable buying opportunity, situated at 1.71814. This suggests that for those looking to capitalize on this currency pair, it may be an opportune moment to enter the market. Setting specific profit targets can help maximize gains, with potential exit points identified at 1.71500, 1.71408, and 1.71200. These levels...
🕵️♂️ Let's delve into this forex pair, representing the exchange rate between the British pound and the Canadian dollar, analyzing both the long and short term scenarios. 🕓 In higher timeframes, except for an event in September 2022, we're observing a range-bound behavior in candles, with a boxing pattern. Sometimes, the Canadians seem dominant, while other...
GBPCAD - A Bearish Technical Perspective With the current data GBPCAD is showing for a possible bearish opportunity The price looks like completed a 5 wave pattern and if this is the end of the wave then it should be followed by a bearish correction soon. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or...
We can see strong bullish move here and also flag chart pattern formation. Price has reached potential bearish zone 1.71600, so I expect to see move down. I also marked here potential bullish zone 1.70000.
The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....
GBPCAD has reversed after reaching a resistance zone and forming a bearish head and shoulders pattern, potentially driving the price further downward towards the targets indicated on the chart. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before...
GBPCAD has breached the uptrend line and is presently undergoing testing. We anticipate rejection and anticipate a substantial downward movement in the near term. However, it's essential to exercise caution and trade responsibly, adhering to our identified risk management principles. Be sure to review our previous analyses for additional context.
OANDA:GBPCAD We have a valid harmonic pattern, which, if materializes, could bring the pair down as low as 1.6950.
The GBPCAD broke through a significant horizontal resistance and closed above it. This sets the stage for a potential uptrend continuation. The next resistance level to watch is at 1.7216.
My confluences have triggered Short for the rest of this week What are your thoughts? Trade safely my friends
Hello,Traders! GBP-CAD went up and The pair is locally overbought So as the pair is approaching A horizontal resistance of 1.7236 A bearish reaction is To be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
the pair broke the resistance in 15min chart and i think that the breakout of the second trend line will lead to a decline . 50% fibo level is my main target. I go accordingly
The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price...
📉 GBPCAD Analysis: Potential Resumption of Bearish Trend Ahead 📉 Hey Traders! 👋 📊 I've been closely tracking GBPCAD, and it's been quite the rollercoaster lately. Here's the scoop: 🐻 After a solid bearish wave, we saw a correctional movement that brought us to a critical juncture. Recently, the price hit a major horizontal resistance cluster. But here's the...
🚨 Attention Traders: GBPCAD's Signature Dance Continues into Next Week! 📈📉 Hey there, trading enthusiasts! 🎉 I've got some exciting news for you all regarding GBPCAD, the dynamic duo of the British Pound and the Canadian Dollar. It seems like they're sticking to their signature moves, and I'm here to break it down for you. 💃💼 Picture this: GBPCAD has been...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hello,Traders! GBP-CAD is going down But will soon hit a Horizontal support of 1.711 From where we will Be expecting a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is at a Supply Zone area - Price action may reverse back below Resistance Trendline Suggested Trade: Entry @ Area of Interest 1.7140 - 1.7160 SL @ 1.7258 TP 1 @ 1.7012 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @...