The next strong currency ready to climb is GBP/CAD
Strong UK data recently boosted confidence in the pound.
Oil prices are falling, weakening the CAD.
The BoE hints at delayed rate cuts, supporting GBP.
Technical breakout above resistance signals bullish momentum.
Market sentiment favors GBP over commodity-linked currencies.
We are also seeing strong technical signs including:
Cup and Handle
Price>20 and 200MA
Target 1.9382
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Strong UK data recently boosted confidence in the pound.
Oil prices are falling, weakening the CAD.
The BoE hints at delayed rate cuts, supporting GBP.
Technical breakout above resistance signals bullish momentum.
Market sentiment favors GBP over commodity-linked currencies.
We are also seeing strong technical signs including:
Cup and Handle
Price>20 and 200MA
Target 1.9382
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.