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Gbp-cad

GBPCAD bearish continuation | 31st Jan 2022Price is reacting in the descending channel, signifying an overall bearish momentum. We can expect price to drop from pivot level​ in line with 127.% Fibonacci projection towards 1st Support in line with 78.6% Fibonacci projection and horizontal support. Our bearish bias is further supported by the stochastic indicator where the %K line dropped from the resistance level. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBPCAD bullish bounce! | 21 Jan 2022Prices are at a pivot at which is a graphical overlap and area of Fibonacci confluences. We see the potential for a bounce from our buy entry at 1.69726 in line with 100% Fibonacci extension and 50% Fibonacci retracement toward our Take Profit at 1.70645 in line with 38.2% Fibonacci retracement and 100% Fibonacci extension. MACD supporting our bullish bias by showing bullish continuation. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
GBPCAD is on bullish momentum! | 7th Jan 2022Prices are on bullish momentum and abiding to our ascending trendline. We see a potential buy entry at 1.71876 in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement towards our Take Profit at 1.73119 in line with 161.8% Fibonacci Projection and 127.2% Fibonacci extension. Technical indicators are supporting our bullish bias. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
GBPCAD potential for short pullback! | 6th Jan 2022Prices are consolidating in an ascending triangle . We see the potential for a short pullback from our sell entry at 1.73137 in line with 100% Fibonacci extension towards our Take Profit at 1.72216 in line with 38.2% Fibonacci retracement . Alternatively, our stop loss will be placed at 1.73712 in line with 127.2% Fibonacci extension and 161.8% Fibonacci projection . RSI are at levels where dips previously occurred. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
1
GBPCAD potential for short pullback! | 6th Jan 2022Prices are consolidating in an ascending triangle. We see the potential for a short pullback from our sell entry at 1.73137 in line with 100% Fibonacci extension towards our Take Profit at 1.72216 in line with 38.2% Fibonacci retracement. Alternatively, our stop loss will be placed at 1.73712 in line with 127.2% Fibonacci extension and 161.8% Fibonacci projection. RSI are at levels where dips previously occurred. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBPCAD - In Trend Engulfing Long Setup (4H)GBPCAD has formed a significant bullish engulfing with a big wick on the 4H time frame. Confluences: Huge bullish engulfing candle with a big wick engulfing at least 4 previous candles. Huge bullish engulfing pattern on the weekly time frame. 20EMA rejection. Current uptrend. 1st entry: 50% Entry with 1:2 risk to reward. Safe SL below engulfing low. 2nd entry: Entry after huge wick through 38.2%, 50% and rejecting 61.8%. Risker SL below confirmation candle low which is also the 2nd higher low. 1:3 risk to reward. 30m time frame allows a perfect view of the 2nd higher low forming which is the ideal entry point for this strategy.
Long
by justinholtgrave
GBP/CAD Short Opportunity!Possibility for a short opportunity in GBP/CAD soon! Price has been steadily working its way back up to the structure high over the past couple weeks and now has shown a rejection. On top of this we can see a very clean trend line which is where a lot of retail traders have been buying from meaning that there is a lot of liquidity underneath that the institutions will want to grab. Therefore once we break structure, i would be looking for a pull back from which to go short on down to the demand area highlighted in blue. Feel free to leave any comments about the idea!
Short
by PercentageOverPips
4
GBPCAD formed Crab Harmonic PatternGBPCAD Formed Crab Harmonic Pattern which supports the bullish bias targeting 1.7110 stop loss should be placed at 1.6620 Fundamental commentary: GBP has also lost a key tailwind since the emergence of the Omicron eased expectations for a BoE rate hike this month. Omicron variant introduced significant uncertainty into global markets, with a BoE rate hike looking increasingly unlikely this year. Last week, three BoE officials further dampened rate hike bets which increase the sell pressure on the GBP but we expect a short term correction for GBPCAD so try to lock your profit to avoid the main downtrend.
Long
by ChartDepth
GBPCAD bearish continuation | 15th Dec 2021 Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 127.2% Fibonacci projection towards 1st Support in line with 50% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where the %K line is at the resistance level. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
3