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Gbp-cad

GBPCAD Potential For Bearish DropLooking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1.64496, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBPCAD Potential for Bearish Drop | 1st February 2023Looking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.64490, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBPCAD can break above? 🦐GBPCAD after our previous analysis dropped as expected to the 50% retracement where the market tested a support area. The market then moved to the upside and is currently trading between the 0.382 Fibonacci level and a daily resistance. How can i approach this scanrio? According to Plancton's strategy IF the market will break above the structure we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
8
GBPCAD Two break-out levels.GBPCAD reached the top of its multi-year Channel Down and got rejected, but found Support on the 1D MA50 (blue trend-line). Those two levels keep the price action neutral within a Triangle pattern. The 1W MA300 (red trend-line) is right above the Channel Down and is in our opinion the buy break-out level, where you should go long and target the upper Resistances. On the other hand, every time the 1W RSI broke below its MA (yellow trend-line), the pair dropped. This is our sell break-out singal, with which we will target the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPCAD 15/01/2023GC makes a good case to buy here on the daily chart, after breaking the downtrend we have since seen the MA50>MA200, indicating a switch in the trend in candle closes, with the last 50 closes closing higher than the 200 closes previous, we have seen price move back to the MA50, and has since broken TWAP also, we can look for buys here and try make a new high. Oil will be in an important factor here, as CAD export vast quantities any move higher in Oil could cause the CAD to develop more strength, so we bare that in mind.
Long
by ZenFlo
4
GBP-CAD might re-enter the historic 4 year range!UK inflation at 10,5% sparkled a rally in GBP that might continue for several days, pushing GBPCAD into the historical range 1,68 / 1,76. Inflation data that were published 2 days ago confirmed that UK is still laggin in its figth against inflation. Canada's inflation on the other hand has already decreased substantially since June 2022. Technically GBP-CAD has been trading in clear range for 4 years: 2018 to 2022, the lowest of this range has already be attacked and now we are aiminng at it again. If we re-enter the 4 years range we will most likely target the middle of the range at around 1,72. This offers us a trade with a decent 3:1 risk reward.
Long
by SBtrader82
6
FX + ECONOMY | EVENT - WEEKLY PREVIEW | KW03 |In today's article, we will go into all the important events, which are scheduled in the economic calendar, for the next week. > Calendar week | 03 - - - 16. January 2023 – 20. January 2023 Let's briefly discuss what the listed events mean for your personal trading. > When you want to trade a currency pair, you should always be careful that you do not accidentally get into an "event". > These events can end in random volatility, which technical analysis does not respect, and therefore a possible loss. > A strategy of "Market-Makers" is to liquidate both sides (short | long) to the event and then continue the participated direction. MONDAY > CAD | 10:30 p.m. | BOC = Business Outlook Survey TUESDAY > GBP | 02:00 a.m. | Employment change + unemployment rate > EUR | 05:00 a.m. | GER Harmonized Index of Consumer Prices > CAD | 08:30 a.m. | CPI = Consumer Price Index > USD | 08:30 a.m. | Change in manufacturing index WEDNESDAY > GBP | 02:00 a.m. | CPI = Consumer Price Index > USD | 08:30 a.m. | Retail Sales > AUD | 07:30 p.m. | Employment change + unemployment rate THURSDAY > Nothing to relevant FRIDAY > CAD | 08:30 a.m. | Retail sales Wednesday will be among certainly the most volatile, with the release of the American "retail sales", at 08:30. MARKET INFLUENCE Each of these dates, leads in the respective currency pair, to high / moderate volatility. > Events that make the overall market volatile are mostly related to the USD. = This is due to the fact that the USD has a position as an indirect world currency through global acceptance and thus has significant influence on the other currency pairs / economy. To use an example to explain the influence of the USD on other currency pairs, let's look at the DXY (USD index). The DXY is composed of the pairs: EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEC (4.2%) + CHF (3.6%) When a positive metric is published for the USD = its value rises. = The pressure on the currencies in the DXY basket increases. = Thus they are "negatively" valued by traders. = Sell-off In summary, the higher the country's opinion on the global economy, the greater impact it takes on the overall market. > Feel free to share in the comments, about the impact of this week's appointments. > Sharing your perspective allows each of us to improve. If this explanation has added value to you, I would be very happy to receive a rating. Thank you and happy trading! ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
TVC:DXY
by ZielIstDieAutarkie
GBPCAD Potential for Bullish RiseLooking at the H4 chart, my overall bias for GBPCAD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.62337, where the 50% Fibonacci line and liquidity hot spots are. Stop loss will be at 1.61034, where the previous swing low is. Take profit will be at 1.64258, slightly above where the 38.2% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBPCAD can retrace lower? 🦐GBPCAD on the 4h chart after the recent test of the weekly resistance dropped at the 0.382 Fibonacci Level. The price is now testing a support area and we can expect some deeper retracement. How can i approach this scenario? I will wait for the European market open and IF the market will break and close below the structure i will consider a nice short order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
4
💷GBP/CAD Get Ready For It💷GBP/CAD Get Ready For It 💷Everything looks like GBP/CAD has no intention of making a correction any time soon. 💷 There is a resistance zone ahead which I believe will be broken through. 💷 If this happens the way will be opened to the strongest resistance zone ahead. 💷The first resistance zone was determined by two fibo levels. The first is 0.618 of the entire downward wave from the 2008 peak to the 2022 bottom. The second level is 0.382 of the entire downward wave from the 2015 peak to the 2022 bottom. 💷The second stronger resistance zone was determined by a cluster of up to three levels. The first level is 0.786 of the entire downward wave from the 2018 peak to the 2022 bottom. The second level is 0.5 of the entire downward wave from the 2015 peak to the 2022 bottom. The third level is 0.236 of the entire downward wave from the 1998 peak to the 2010 bottom. 💷The support zone is around the 0.5 level of the entire downward wave from the 2018 peak to the 2022 bottom. 💷The scenario I'm playing out is a continuation of the upside with a breakout of the first resistance zone and then a continuation of the upside to the second. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
6
Joe Gun2Head Trade - Bullish channel on GBPCADTrade Idea: Buying GBPCAD Reasoning: Trading in a bullish channel in the short term. Looking for higher prices. Entry Level: 1.6145 Take Profit Level: 1.6297 Stop Loss: 1.6075 Risk/Reward: 2.35:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
InvestMate|GBP/CAD Declines on the horizon💷💷GBP/CAD Declines on the horizon. 💷This time it's time for GBP/CAD which, in my opinion, gave us a clear signal today on the direction it wants to go in for the next few days. 💷Just look at today's downtrend candle which stands out from the rest in terms of size. And Everything becomes clear. 💷 As you can see, the price has just fallen to the fibo level of 0.786 of the entire upward wave from the 2010 bottom to the 2015 peak. I don't think it represents strong support looking at the dynamics with which we are moving. 💷 The key support will be the zone defined on the chart based on the cluster of two levels. The first level is the fibo level of the entire upward wave from the 1985 bottom to the 1998 peak and the second level is the 1976 bottom. 💷It will be really interesting to see how the price reacts in this support zone. 💷I determined the resistance zone based on the price levels that have provided resistance to the price in the past. 💷The scenario I am playing out is a continuation of the declines to the support zone where I will watch to see how the price will behave. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
7
InvestMate|GBP/CAD Time for a correction?💷💷GBP/CAD Time for a correction? 💷Growth in the UK is clearly slowing down the latest economic growth readings for Q3 2022 showed a 0.2% contraction in the economy 💷 In Canada, on the other hand, we await for Q3 data which will be released on 29 November the market is also assuming a contraction of the economy from 0.8% to 0.4% here too 💷 Unemployment in the UK remains low. The latest figures, released on 15 November, put unemployment at 3.6%, up just 0.1% on last reading. 💷In Canada unemployment is 5.2% definitely higher than in the UK, the readings took place on 4 November. Next will be 2 December in which the market is already assuming further increases to levels of 5.4% 💷Inflation in the UK has beaten extremely pessimistic forecasts and at the readings that took place on 16 November we reached a new peak in inflation which is already 11.1%. This does not create the prospect of slowing down with interest rate rises. 💷 In Canada, inflation already peaked in July and has been falling steadily since then. We are currently awaiting the latest data which will be released on 21 November. The market is not assuming anything surprising and still regards the continuation of the downward trend as the basic scenario. Slowing inflation creates room for not-so-rapid interest rate rises in Canada. 💷UK interest rates at the last council meeting which took place on 3 November were raised to 3%, a jump of a full 75 basis points from 2.25% For the time being, there are no signs of slowing interest rate cuts in the UK. 💷 In Canada, interest rates are currently at 3.75 per cent and we will find out on 12 December what the next decision of the monetary policy council will be. Evidently, Canada has fared better than the UK in terms of inflation thanks to previous larger increases. 💷 At the moment Canadian Dollar is more expensive compared to the Pound. But the prospect of further interest rate rises in the UK and a cooling of hawkishness in Canada could bring a strong wave of appreciation of the Pound against the Canadian Dollar over the next few months 💷 Turning to the chart, we can see that the Pound has gained quite a lot against the Canadian Dollar in the last week without any significant corrections. Looking at the situation as a whole, it seems to me that a correction at this point, especially before further increases, would be advisable. 💷💷The best places for a correction for me are two support zones. The first is based on a cluster of fibo levels at 0.236 of the entire upward wave and 0.618 of the current upward wave, which has lasted since 4 November. 💷The second zone is around the 0.786 level of this wave plus the 1:1 level of the biggest downward correction in the whole upward wave since the determination of the new lows. 💷These are the two places I will be paying attention to. 💷Of course, the local resistance zone remains the peak from Friday. 💷The scenario I am playing out is a gradual descent of the price lower and lower taking into account the corrections along the way, then I will look to see what the situation is and to which support level the price will fall. In order to find a future turning point and a continuation of the uptrend 💷*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
1
GBPCAD on a retracement 🦐GBPCAD on the 4h chart is trading inside a descending channel. The price after the recent low is trading in a series of higher highs. According to Plancton's strategy IF the price will break above the resistance area i will consider a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
12