#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 level
About British Pound / Canadian Dollar
The British Pound vs. the Canadian Dollar. This is one of the most traded pairs in the world. The Canadian Dollar, often referred to as the “Loonie”, is considered to be a commodity currency because of Canada’s heavy energy exports.
GBP/CAD Bullish Setup:Targeting 1.86500 from Demand Zone SupportTrendline ➡️
Price is respecting an upward trendline 📈 connecting higher lows 🔵 (marked by dots).
Channel ➡️
Price is moving inside an ascending channel 🚀 (controlled bullish movement).
EMA (70) ➡️
The red curve ➰ is the 70 EMA. Price is near it — showing indecision but still respecting it ⚖️.
De
CHECK GBPCAD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINEntry Zone: Around 1.84990 (current price level) ✅
Stop Loss: 1.85150❌
Take Profit 1: 1.84800✅
Take Profit 2: Not explicitly labeled, but visually it seems around 1.84680✅
Last Target: 1.84550✅
TECHNIAL ANALYSIS SATUP ✅
FALLOW RISK MANAGEMENT ✅
Bullish rise?GBP/CAD is reacting off the pivot and could rise to the pullback resistance that lines up with the 78.6% Fibonacci projection.
Pivot: 1.8469
1st Support: 1.8316
1st Resistance: 1.8741
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with
GBP/CAD Approaches Major Resistance – Potential Short OpportunitGBP/CAD is currently testing a resistance and round psychological zone 1.84996 - 1.85000, which has acted as a strong supply area in previous attempts. The pair has repeatedly failed to break above this zone, showing clear signs of bearish rejection via wicks and bearish engulfing candles.
Key Conf
GBPCAD INTRADAY downtrend capped at 1.8532The GBPCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.8532 which represents the current intraday swing high.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.8532 resistance, c
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current rate of GBPCAD is 1.85756 CAD — it has increased by 0.40% in the past 24 hours. See more of GBPCAD rate dynamics on the detailed chart.
The value of the GBPCAD pair is quoted as 1 GBP per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 GBP.
The term volatility describes the risk related to the changes in an asset's value. GBPCAD has the volatility rating of 0.13%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The GBPCAD showed a 0.54% rise over the past week, the month change is a −0.039% fall, and over the last year it has increased by 8.76%. Track live rate changes on the GBPCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
GBPCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with GBPCAD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the GBPCAD shows the strong buy signal, and 1 month rating is buy. See more of GBPCAD technicals for a more comprehensive analysis.