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Gbp-cad

GBP/CAD :BEARISH TREND - SELLING AREA SETUP - SHORT 🔔Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action ! Check the Link on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE👍 button Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Profits !
Short
by FOREXN1
2
COT CURRENCY REPORTAUD, NZD & CAD: A solid week for the CAD in terms of price action means the biggest increase in positioning among the majors should not be a surprise. The BOC’s hawkish tilt has put the CAD in pole position for the bullish currencies among the majors, and as long as policy normalization continues, and the data stays positive and Oil prices remain buoyed that should stay intact. The jobs data was a minor set back for the CAD on Friday, but a miss was largely expected due to the impact of the virus and should not be enough to change the med-term outlook for the BOC or the CAD. In terms of incoming events, the only noticeable one for AUD is the incoming Annual Budget Release, but apart from that main focus for the high betas should be overall risk appetite. JPY, CHF & USD: What a move in the Dollar after Friday’s NFP! Not surprising though as the med-term bias remains titled to the downside for the greenback as long as the Reflation and Global Synchronized Recovery driver stays intact. The more interesting development was the downside in the Dollar despite a solid push higher in US10Y. It’s important though to remember that even though yield differentials are important drivers for currencies they are not the only drivers. For the past couple of months, the correlation to real yields (nominal yields – inflation expectations) is another important driver alongside that of Eurodollar futures. On Friday, Eurodollar futures shot up and Real Yields shot down after the NFP jobs report, all in all a strong bearish cocktail for the Dollar despite US10Y moving up. This week the attention turns to CPI on Wednesday as well as Retail Sales on Friday. In terms of the CPI event, it will be important to keep the Real Yield dynamics for the Dollar in mind, as a strong CPI print might not necessarily translate into Dollar strength if inflation expectations outpace US10Y and pushes real yields lower. GBP: The move we’ve seen lower in CFTC positioning for the GBP is mostly as a result of the downside price action we saw at the end of last week which was most probably due to some de-risking going into this past week’s BOE and elections. The fundamental bias remains unchanged and tilted to the upside for Sterling. Even though the BOE did move along with tapering, it was framed as a technical adjustment, but the bank did provide a more upbeat outlook for the economy and the recovery. With the proximity risks out of the way we would anticipate the week ahead to see a continuation of the upward trajectory barring of course any negative surprises. EUR: Still the biggest net-long position among the majors. There are still issues surrounding the fundamental outlook for the single currency, but despite that the EUR has remained very well supported over the past few weeks as the Dollar has continued to lose favour. For now, it seems that a lot of participants are still banking on a potential or eventual EU recovery story from H2 as the vaccination roll out gain positive momentum. If the EU can reach some of the targets it has set itself then we could well see a faster recovery playing out in the EU. However, when we compare that potential recovery in terms of growth or inflation differentials or compare the policy response between the US and UK or compare policy normalization expectations it seems the EU is still lagging behind the US and the UK, which is why we are staying patient with our view on the EUR for now and waiting for more information on the vaccine and data front before we change our mind. *This report reflects the COT data updated until 4 May 2021.
by thunderpips
Potential 400 Pips move on GBP/CADGood morning traders, today we bring you our analysis on the daily chart of GBP/CAD, as it has a potential downside move in the short term. 🔸This pair has been without a clear trend for more than a year, moving within a range. 🔸In the area that it is currently in, there was always some type of correction/consolidation as we can see in the previous scenarios. 🔸Once the correction is broken, the movement tends to continue the previous trend. 🔸Therefore, we now expect a break to the downside to be generated, and a bearish move towards the next support zone, which is at 400 pips.
Short
by ThinkingAntsOk
1
GBPCAD looking for new lows 🦐GBPCAD on the 4h chart broke below a daily support. The price from here can retrace for a retest of the resistance and according to Plancton's strategy if the conditions will be satisfied we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
GBPCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY GOOD LUCK! Great BUY opportunity GBPCAD . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by BULLSS1993
6
GBPCAD on an inverse h&s? 🦐GBPCAD is creating an inverted h&s below a minor resistance zone, with the head on the 0.618 fib level and the shoulders on the 0.5. According to Plancton's strategy if the price will break above and the conditions will be satisfied we will set a nice long order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
22
GBPCAD will break the 1.73 🦐GBPCAD on the 4h chart bounce on the support at the 1.73 area and retrace exactly over the 0.382 Fibonacci level. According to Plancton's strategy if the price will break below we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2