07.04.25 Morning ForecastPairs on Watch -
FX:EURUSD
FX:GBPUSD
FX:EURGBP
FX:GBPCAD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPCAD trade ideas
SHORT ON GBP/CADGBP/CAD has pulled back nicely to a Key supply area.
Its providing nice rejection of bullish pressure showing that its respecting the supply zone.
I will be selling GBP/CAD looking to make over 200-300 pips over the next few days.
Potential bearish drop?GBP/CAD is reacting off the pivot which is an overlap resistance and could drop to the 1st support.
Pivot: 1.8157
1st Support: 1.7918
1st Resistance: 1.8332
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.
GBPCAD: Buying After the Trap 🇬🇧🇨🇦
I think that there is a high chance that GBPCAD will go up.
As a confirmation, I see a confirmed bearish trump
followed by a strong bullish imbalance.
I expect up move to 1.847
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GBPCAD - BEARISH MOVEHello Traders !
The GBPCAD failed to create a new higher high !
Currently, The lower low is broken (Break of structure).
So, I expect a bearish move📉
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TARGET: 1.82340🎯
GBPCAD - Is Bullish Breakout Ahead?TF: 4h
GBPCAD is initiating along opportunity by completing 4th intermediate wave at 1.83464 . We can expect a retracement then reversal with near the lower trendline of the parallel channel.
Once price comes down, we will have the opportunity to go long with minimum stop level at low of the wave 4 at 1.83640 . The bullish scenario is capable GBPCAD to provide 1.8654 - 1.8748 targets to the buyers.
If the breakdown occurs, wave (4) will go deep. We update this chart time to time. Traders should only buy after a clear reversal.
Bullish bounce?GBP/CAD is reacting off the support level which is an overlap that is slightly above the 61.8% Fibonacci retracement and could potentially rise from this level to our take profit.
Entry: 1.8139
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 1.8000
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Take profit: 1.8385
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
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Bullish bounce off overlap support?GBP/CAD has bounced off the pivot and could rise tot he 1st resistance.
Pivot: 1.8119
1st Support: 1.7991
1st Resistance: 1.8368
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 Idea On GBPCADBased On :
- Cycles and quantitative analysis
- supply zone
- Small speculators buying at extremes so we do the opposite
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
GBPCADWe have a sell bias on this pair, although we have seen a sell movement, you can wait for a pull back for entry signal
CONFLUENCES!!!
1) FVG
2) PIVOT LEVELS
3)200 EMA
4) CANDLESTICKS SIGNALS
Gbpcad SellPrice has been making LL pointing to strength in downtrend and now price closed below the oh so very important 1.85172. the stop i wouldve like to put it above the last high but its ok im still is comfortable with it due to the volume nice scalp based on how fast the trade should hit tp or sl.
GBPCAD: Will Start Growing! Here is Why:
The recent price action on the GBPCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPCAD Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.8357
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.8460
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBPCADgbpcad I see a sequence of minimums and maximums each time higher, the first correction was much deeper and faster which in wave 4 we appreciated a slow and superficial correction, very good correlation between waves
GBPCAD SELL/SHORTBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
GBPCAD bearish view
OANDA:GBPCAD whats next?, we are have two times bounce on trend line,
currently on D is visible DESCENDING TRIANGL,
in triangl we have RECTANGLE PATTERN 4h which is breaked,
below rectangle pattern we have on lower TF better visible BEARISH FLAG pattern 1h (violet doted), which currently looks breaked,
here expecting bearish push now till next trend zone.
SUP zone: 1.85000
RES zone: 1.82250, 1.81600
GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 1.851 level area with our short trade on GBP/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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SHORT ON GBP/CADPrice has finally changed from up to down on the higher timeframe for GBP/CAD.
It has given us a change of character to the downside with a nice retest of a key supply area.
I will being selling GBP/CAD looking to make 200-300 pips.
Gbpcad SellScalp set up forming. price broke down and out of our previous zone that was acting as a support. once price closes below 83355 i expect it to go a lower.
GBP/CAD At Interesting Area To Sell It And Get 250 Pips !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.
GBP/CAD 4H ANALYSIS – BULLISH BREAKOUT OR REVERSAL ?📉 Descending Channel
🔴 The price was moving inside a downward trend (channel) 📉, but it broke out ✅, signaling a potential bullish move 📈.
📍 Demand Zone (Support) at 1.85000 - 1.84201
🟦 Buyers stepped in here, pushing the price up 🚀.
🛑 Stop Loss: 1.84201 🔻 (If price falls below this, the bullish setup may fail ❌).
📍 Resistance Area Around 1.86000 - 1.86500
🔵 Key level to watch! If the price breaks above this zone, expect more upside 📈.
🎯 Target Point: 1.87727
🎯 If buyers remain strong, price could hit this level next! 🎯🚀
📊 Indicator Check:
📍 9-period DEMA (1.85000) 🟡 – Price is above this moving average, favoring a bullish bias ✅.
🔥 Possible Trade Setup:
✅ Buy Entry near 1.85000 - 1.85500
🎯 Target: 1.87727 📈
🛑 Stop Loss: 1.84201 🚨
If price breaks below 1.85000, be cautious ⚠️! A reversal to the downside could happen.
🚀 Overall Bias: Bullish (📈) above 1.85000, Bearish (📉) below **1
GBPCAD Its been a month since price broke out of the weekly resistance and now we are retesting. Got an H4 support that has been broken, if price goes back above the zone giving a retest we could see movement to the next week resistance zone of 1.90000. Also price action is similar to what happened on 5th Jan 2023.( Daily TF)
