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GBP

GBPCAD DAILY ANALYSIS Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the resistance zone then wait for a pullback to the resistance zone then look for bullish opportunities.
Long
by dlaminisya
British Pound can reach seller zone and then start to declineHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to trades inside a downward wedge, where it rebounded from the support line and rose to the resistance line, coinciding with the resistance level with the seller zone. After this move, GBP turned around and in a short time declined to the buyer zone, breaking the support level and soon declined more and reached the support line of the wedge. Then price rebounded from this line and soon exited from the wedge, after which continued to move up inside the upward channel, where GBP soon broke the 1.2450 support level also. After this, the price rose to the resistance line of the channel and then corrected to the support line, after which rebounded and in a short time rose to the resistance level. At the moment, GBP continues to trades near this level and I think that the British Pound can reach the seller zone and then start to decline to support line of upward channel. For this reason, I set my target at 1.2575 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
GBPUSD most important demand zones to watchHey Traders, above is a technical overview on GBPUSD and the most important demand zone to watch, GBPUSD was trading in a downtrend but successfully managed to break it out following the recent soft CPI data, so in today's trading session our direction have changed and we will be mostly focusing on potential upsides. the first zone we will be watching is 1.26300 which was an important resistance in which we will be watching a potential retrace from there, in case of a breakout of that zone we will be watching the second demand zone mainly from the uptrend combined with 1.25900 support and resistance area. Trade safe, Joe.
Long
by JoeChampion
4
Potential bearish drop?The Cable (GBP/USD) is rising towards the pivot and could potentially reverse from this level to the 1st support. Pivot: 1.2695 1st Support: 1.2606 1st Resistance: 1.2796 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Huge Number of Trading Opportunities Next Week The major trading opportunities next week could be front-loaded, with significant events occurring from Monday to Wednesday. USD Seven Fed officials are scheduled to speak on Monday and Tuesday, followed by the release of the FOMC meeting minutes on Wednesday. AUD The Reserve Bank of Australia will release the minutes from its latest interest rate decision. This should help shed light on how accurate economists' forecasts are for a September rate cut. CAD Canada's inflation data is due on Tuesday, with forecasts predicting a slight decrease to 2.8% from the previous 2.9%. This data could be crucial for assessing the Bank of Canada's next moves. NZD Perhaps the most important event for the NZD is set for late Tuesday when the Reserve Bank of New Zealand is expected to maintain its official cash rate at 5.5%. GBP On Monday, Bank of England Deputy Governor Ben Broadbent will make a public appearance, followed by a speech from Governor Andrew Bailey on Tuesday. Additionally, UK inflation rate data, expected on Wednesday, is anticipated to show a significant drop to 2.7% from 3.2%.
TVC:DXY
by BlackBull_Markets
GBPAUD iin the box right now, but could be interesting later onEASYMARKETS:GBPAUD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Falling towards 61.8% Fibonacci support?GBP/CAD is falling towards the pivot which has been identified as an overlap support and could bounce from this level to the 1st resistance. Pivot: 1.7156 1st Support: 1.7131 1st Resistance: 1.7196 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Potential bearish drop?GBP/USD is currently at a resistance level which is a pullback resistance and could potential drop from this level to our take profit. Entry: 1.2592 Why we like it: There is a pullback resistance level. Stop loss: 1.2633 Why we like it: There is a pullback resistance level which aligns with the 127.2% Fibonacci extension. Take profit: 1.2530 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. 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
GBPUSD: Sell this 2nd 1D MA50 test.GBPUSD is practically neutral on its 1D technical outlook (RSI = 56.00, MACD = -0.001, ADX = 28.566) and testing the 1D MA50 for the 2nd time since May 3rd. Last time it got rejected emphatically and being exactly on the LH trendline, there is very low risk in selling on the current market price. The target is a little over the S2 level (TP = 1.2220). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURGBP Excellent short-term sell signalThe EURGBP pair easily hit our 0.5 Fibonacci Target following the symmetrical Double Bottom rebound, as mentioned on our last call (March 20, see chart below): We now switch to the lower 4H time-frame as a strong sell signal emerged. The 4H RSI got rejected inside its 1-month Sell Zone and the pair that is trading within a Bullish Megaphone already reached (and is so far holding) its 4H MA50 (blue trend-line). The last similar Bearish Leg reached at least the 0.618 Fibonacci retracement level before rebounding. As a result we have now a rough sell Target at 0.85635 (Fibonacci 0.618) but we will close earlier if the RSI hits the Buy Zone before the price hits the Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
Heading into pullback resistance, could it drop from here?GBP/CAD is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 1.72217 Why we like it: There is a pullback resistance level. Stop loss: 1.72899 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension. Take profit: 1.71179 Why we like it: There is a pullback support level. 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
Could price bounce off 618% Fibonacci support?Price has just bounced off the a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.8582 Stop loss: 0.8559 Take profit: 0.8618 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
Potential bearish drop off 61.8% Fibonacci resistance?The Cable (GBP/USD) is reacting off the pivot an could potential drop to the 1st support. Pivot: 1.2565 1st Support: 1.2473 1st Resistance: 1.2633 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
For Shorts on GbpnzdHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. I am bearish on the pairs, more downside should be there. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
GBP/CAD Forecast: Historical Trends and Institutional Sentiment 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 nears the 61.8% Fibonacci retracement level from the previous swing high, compounded by the presence of the volume point of control. In light of these factors, we have established two limit orders within this zone. Furthermore, there exists the potential for price rejection at the dynamic trendline within the bearish channel, in addition to the VWAP 200 periods. Historically and statistically, the GBP/CAD tends to exhibit a bearish trend during this period of the year. The latest Commitments of Traders (COT) report indicates a decline or negative sentiment among institutional orders, further suggesting a looming price drop.
Short
by FOREXN1
1
HelenP. I British Pound will make small move up and then fallHi folks today I'm prepared for you British Pound analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and soon broke it, after which continued to fall to the support level. GBP some time traded near this level, which coincided with the support zone and soon broke it too, after which declined to the trend line, where it turned around and started to move up. In a short time, the price reached the 1.2430 level, and broke it again, after which made a retest and continued to move up. Later GBP reached a resistance level, after which turned around and made an impulse down, breaking the trend line. But a not long time ago price turned around and started to grow, so, at the moment, I expect that the British Pound will make a small movement up, and then rebound down to the support level. For this case, I set my target at the 1.2430 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
Roaring 20's #FTSE100 to meaningfully outperform UK HOUSINGA BOLD prediction --- possibly to some people But I stand by this chart as a roadmap where I see #UK equities outperforming against the cash cow that has been UK #Housing The how's and what's and why's are unimportant But the key thing is for younger people struggling to get into UK housing Investing in #Stocks #Technology Innovation #AI and #crypto will reap HUGE dividends these next few years I have talked about the roaring 20's echo mania bubble before but as we see stocks indicies around the world breaking it only confirms my thesis!
TVC:UKXLong
by BallaJi