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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD May Form a Broadening Wedge Ahead of BOC DecisionGBPCAD May Form a Broadening Wedge Ahead of BOC Decision GBPCAD appears to be shaping into a Descending Broadening Wedge Pattern. The price hit strong resistance near 1.8400 and could continue moving lower, forming the C wave of the pattern. The main driver for this setup is the upcoming Bank of Canada (BOC) interest rate decision on April 16, 2025. Markets expect BOC to hold rates at 2.75%, but a 25 bps cut to 2.5% is still a possibility. If BOC does lower rates, they may issue a hawkish statement, which could strengthen CAD—though this scenario won’t be straightforward. We'll have to wait and see how the market reacts. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
8
#GBPCAD:Last Idea +400 Pips Up! Here is second entryIn our last analysis, the GBPCAD currency pair showed a smooth move. The price hit support levels, which means it might keep going up. We think it’ll go up by about 600 pips and might reach the 1.90 area. Since there aren’t many places to stop for this trade, it’s important to set take profit levels based on your risk management plan. We hope you’re doing well with your trading. If you find our ideas helpful, please let us know by liking, commenting, or sharing them. Thanks for being a great supporter! Team Setupsfx
Long
by Setupsfx_
6
Lingrid | GBPCAD pullback Creating BULLISH Opportunity FX:GBPCAD market is pulling back after making higher highs. On the current timeframe the market is bullish as well as on the daily timeframe. The price is heading toward the psychological level at 1.83000 and possibly lower border of the upward channel. If the price retests the support level and Tuesday's low, this would be the best zone to consider to go long. I think the market will continue pushing to higher levels since the price cleared the area above the previous week's high. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
7
Bullish bounce off 38.2% Fibonacci support?GBP/CAD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.8286 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.8183 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Take profit: 1.8469 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! 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
More DATA = Better Trades, adopt a "Top Down" approach!! All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Long
by Simply-Forex
GBPCAD will Fly , All Confirmations are in the Bullish SideHello Traders In This Chart GBPCAD HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
Pullback resistance ahead?GBP/CAD is rising towards the resistance which is a pullback resistance that lines up with the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.8372 Why we like it: there is a pullback resistance that lines up with the 127.2% Fibonacci extension. Stop loss: 1.8465 Why we like it: There is an overlap resistance that is slightly below the 161.8% Fibonacci extension. Take profit: 1.8227 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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
GBP/CAD Trading plan (long position)✅ GBP/CAD Trading Plan (Long Position) Strategy: Reversal Trade + Break of Trendline Timeframe: 4H Date: April 13, 2025 Pair: GBP/CAD (British Pound / Canadian Dollar) Platform: OANDA (via TradingView) 🔍 Market Insight • The pair has been in a strong downtrend. • Price is now: • Bouncing off a clearly marked support zone (~1.8050–1.8100). • Broke a descending trendline, suggesting a shift in momentum. • Formed multiple bullish wicks and a bullish engulfing pattern near support. • BBandLE (buy entry signal) confirms buying pressure. 🎯 Trade Entry • Entry Price: Around 1.8140 • Reason for Entry: • Bounce off strong demand zone (support) • Bullish momentum shift after a trendline break • Price showing higher lows forming at support • Clean risk-to-reward zone mapped out 📉 Stop-Loss (SL) • SL Price: 1.8045 • Risk: ~95 pips • Justification: • SL placed below the rejection wicks and structure low • Gives trade room in case of volatility or retests 📈 Take-Profit (TP) • TP1: 1.8300 • Early resistance and previous structure • Take 50% off here and move SL to breakeven • TP2: 1.8680 • Final target at the previous swing high/resistance zone 📊 Risk-to-Reward Ratio (RRR) • TP1 RRR: ~1:1.7 • TP2 RRR: ~1:5.5 • Overall trade has excellent reward potential with tight risk 🧠 Trade Management • Monitor price action at 1.8300 zone • If bullish momentum continues strongly, you can trail SL and ride the wave • If price stalls or prints reversal signals, secure gains early ⚠️ Risks • GBP or CAD economic data/news may cause volatility • Oil price surges could strengthen CAD unexpectedly • Failure to hold 1.8050 invalidates this reversal idea 🛠️ Contingency Plan • If price returns to 1.8050: • Watch for bullish rejection patterns again for possible re-entry • If price closes below 1.8040, exit and wait for a fresh setup 📅 Time Horizon • Swing Position: Hold for 3–7 trading days • Adjust if fundamentals or price action changes
Long
by ThizizAlex
2
GBPCAD → False breakdown, where do we go from here?FX:GBPCAD is forming a false breakdown of trend support. Against the backdrop of the falling dollar, the pound sterling went into the rally phase, which is favorable for the currency pair. The fundamental situation is in favor of GBP and CAD against the dollar, which continues its rapid decline. As part of the correction, the currency pair forms a test of support without the opportunity to continue the downward movement. The maneuver ends with a false breakdown and consolidation above the level (inside the channel). The currency pair may continue the uptrend if the bulls hold the defense above 1.8144 - 1.823 Support levels: 1.81500, 1.79788 Resistance levels: 1.8233, 1.83796 Accordingly, based on the fact that we have an uptrend, a strong currency pair (on the background of a weak dollar) and a false breakdown of support, we can say that the price is not allowed down and it is worth considering an attempt to continue the uptrend. Regards R. Linda!
Long
by RLinda
1
GBPCAD Tests Bearish Trendline – Focus Shifts to BoC DecisionGBPCAD is currently respecting a well-defined descending trendline, showing multiple rejections and a sustained series of lower highs. The latest retest near 1.8460 was met with selling pressure, aligning with the broader bearish channel. Key Levels: Current Price: 1.8458 Resistance Area: 1.8470 – 1.8600 (trendline & previous highs) Support Targets: TP1: 1.8120 (key structure) TP2: 1.7980 TP3: 1.7900 (major support zone) Bearish Technical Confluence: ✅ Multiple rejections at trendline ✅ Lower highs & lower lows continue ✅ Potential reversal candlestick pattern forming ✅ Bearish breakout could accelerate toward 1.7980 📉 Fundamental Outlook – BoC Rate Decision in Focus (April 16) Market Sentiment Split: Initially, economists leaned toward a BoC hold, as recent data and trade optimism gave the central bank room to pause. However, March CPI undershot expectations, triggering increased speculation of a rate cut. Key Data Highlights: Headline CPI fell to 2.3% YoY vs 2.6% previously, well below the 2.7% forecast. Drop mainly due to gasoline and transport costs, which BoC may look through. Core inflation (median 2.9%, trimmed 2.8%) remains elevated, supporting arguments for a hold. Analyst Viewpoint: “We still marginally favor a BoC hold given the proximity to elections and resilience in core inflation, but our conviction is lower after the CPI miss.” – Knightley & Pesole, ING Market Reaction: Loonie sold off post-CPI, but analysts believe the sell-off may be short-lived if BoC surprises with a hawkish hold. Swap market odds of a cut rose to 45%, up from 33% pre-CPI. 🎯 Combined Technical + Fundamental Setup If BoC holds rates, expect CAD strength → GBPCAD could accelerate downward toward 1.8120 → 1.7900. If BoC cuts, GBPCAD may spike temporarily toward 1.8600, but downside pressure may resume unless accompanied by dovish forward guidance. 🛠️ Trade Plan: Sell Bias Below: 1.8470 Entry Trigger: Bearish confirmation or post-BoC rejection TP1: 1.8120 TP2: 1.7980 TP3: 1.7900 Invalidation Zone: Break and close above 1.8600
Short
by ultreosforex
GBPCAD – Bullish Setup (1H Divergence)✅ Setup Summary: Timeframe: 1 Hour Signal: Bullish Divergence Bias: Short-term bullish – Potential reversal or corrective bounce 🔍 Technical Breakdown: Divergence Present: Price made a lower low, while RSI/MACD made a higher low → Sign of bearish momentum weakening Support Area: Price reacting near a previous demand zone or horizontal support Candlestick Clue: Watch for bullish engulfing, hammer, or structure break 📈 Trade Plan – LONG Entry: On confirmation from bullish candle Or break of minor 1H resistance or trendline Stop-Loss: Below the divergence swing low Target: TP1: Last 1H high TP2: Fib 0.5 or 0.618 retracement of recent bearish move R:R Ratio: Minimum 1:1.5 ⚠️ Watch Out For: GBP or CAD news (e.g. oil prices affecting CAD) Break below divergence low = invalidates the setup Best paired with a break of internal structure
Long
by MAAwan
GBPCAD MARKET OVERVIEWGBPCAD appears has Bullish pattern due to the recent dormition for a support now price will hitting the strong resistance zone could continue move up the main driver suturing is coming bank of Canada interest rate diction market will expect BOC to hold rates at 2.75% but 25 bps cut to 2.5% is still a possibility. Resistance level 1.84500 / 1.85500 Support Levels 1.83700 / 1.8300 Ps Support with like and comments for more analysis share your opinion in comments Ill be glad.
Long
by MrMartin_11
Bullish bounce off pullback support?GBP/CAD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance which aligns with the 61.8% Fibonacci retracement. Pivot: 1.8091 1st Support: 1.7913 1st Resistance: 1.8417 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