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British Pound / Canadian Dollar

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GBPCAD trade ideas

GBP/CAD - over sold time to buy!Hi guys we are taking a look today in GBP/CAD - It reacehed extremely low and oversold levels on the RSI at 1H and 4H time frames, as we have seen a consistent dropped that happened. Currently I am expecting a correction into the consolidation area to 1.76 Enry: 1.74750 Target: 1.7550 Target 2: 1.76430 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Long
by DG55Capital
GBPCAD Wave Analysis 16 January 2025 - GBPCAD reversed from strong support level 1.7490 - Likely to rise to resistance level 1.7700 GBPCAD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the strong support level 1.7490, which has been steadily reversing this currency pair from the start of August. The support level 1.7490 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from last April. Given the strong daily uptrend, GBPCAD currency pair can be expected to rise to the next resistance level 1.7700.
Long
by FxProGlobal
GBPCAD may slide downGBPCAD might be preparing for the continuation of downtrend, and here's why: Despite strong yields of UK Gilts (government bonds), British Pound is under pressure. From a technical standpoint, GBPCAD is positioned far below the value area (combination between 20 and 50 moving averages), usually that indicates the price discovery process, when the instrument is trying to find the new equilibrium. The 3-rd and 4-th day above the local low usually carries high risk of reversal, so I'm planning a short position in the direction of the next swing wave as shown on the chart. Don't forget - this is just the idea, always do your own research!
Short
by Stanislav_Bernukhov_Exness
2
GBPCAD is ready For a BuyHello Traders In This Chart nzdcad 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