If you're expecting the GBPCAD currency pair to go up by 150 pips within a week, here's how to interpret that potential movement:
1. 150 Pips Bullish Movement
A 150-pip increase suggests a significant strengthening of the British Pound (GBP) relative to the Canadian Dollar (CAD). For example:
If the current price of GBPCAD is 1.7000, a 150-pip rise would push the pair to 1.7150.
2. Timeframe: One Week
A one-week horizon means you're likely expecting some key fundamental or technical catalysts within that period to drive the price upward. Here’s what to consider:
Potential Catalysts for Bullish Movement
Economic Data:
UK Data: Positive UK economic indicators (e.g., GDP growth, inflation data, or employment reports) could support GBP appreciation.
Canadian Data: Conversely, weaker Canadian data (e.g., low GDP growth or a drop in employment) could lead to CAD weakness, helping drive GBPCAD higher.
1. 150 Pips Bullish Movement
A 150-pip increase suggests a significant strengthening of the British Pound (GBP) relative to the Canadian Dollar (CAD). For example:
If the current price of GBPCAD is 1.7000, a 150-pip rise would push the pair to 1.7150.
2. Timeframe: One Week
A one-week horizon means you're likely expecting some key fundamental or technical catalysts within that period to drive the price upward. Here’s what to consider:
Potential Catalysts for Bullish Movement
Economic Data:
UK Data: Positive UK economic indicators (e.g., GDP growth, inflation data, or employment reports) could support GBP appreciation.
Canadian Data: Conversely, weaker Canadian data (e.g., low GDP growth or a drop in employment) could lead to CAD weakness, helping drive GBPCAD higher.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.