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Gbp-cad

GBPCAD: Running out of steam, start of the reversal?In my opinion GBP is building up for a big fall this year, and it has to start with a lower high. Oil prices are rising, and as much as the FED don't want this, it's happening, and this should be good for CAD. I can see a rising wedge pattern, we can see spinning tops forming and it looks like we're running out of steam, I believe we'll initially fall back to the 1.7 support / round number. I'm waiting for my entry, I expected GBP to fall before now, but the BoC unemployment news wasn't supportive last week.
Short
by Finchcliffe
7
GBPCAD: Double long term Buy opportunity.GBPCAD is testing the 1D MA50 as Support on neutral 1D technicals (RSI = 49.135, MACD = 0.001, ADX = 29.493). This is an early buy signal. However since the long term pattern is a Channel Up, the downside potential extends as low as its bottom of the HL trendline. Throughout its formation, the 1D MA100 has constantly provided Support, more specifically three times since February 16th. Consequently, if a 1D candle is closed under the 1D MA100 (again it will be the first time inside this eight month Channel Up), we will add a second buy position near the 1D MA200. The current buy (1D MA50) targets the top of the Channel Up (TP = 1.74500), the lower buy targets the 1.382 Fibonacci extension (TP = 1.75150). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
10
Gbpcad likely more of pullback to long,bias up**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
GBPCAD to 1.73 this weekHey Traders! 👋 For Day 42/100 of our challenge, we will look at GBPCAD long idea (based on off-chart data) Technicals: - Bullish structure with HH-HL forming - Expecting this structure to continue - Looking to go long on 1.715 break and retest - Weekly target at 1.73 - Invalid idea when 1.695 downside is breached PMT: - Seasonality: Bullish - Pattern predic.: Neutral - Trend: Bullish - Retail pos.: Bullish - COT: Bullish That's all for today. Been busy during the week. Will start posting daily again. Have a great mid-week 🥂
Long
by rob_WRLD_
GBPCAD 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Long
by Tradelikemee
GBPCAD About to Make an Upward Move!The GBPCAD currency pair is in an upward phase by reaching a PRZ zone. ⭐The bullish signals in the PRZ area are: - Trend line - Breaking the descending channel - Moving MA20 -Pivot weekly ⭐ and the bullish signals of market momentum are: - Hidden divergence in MACD ✳️ Note that you should wait for the break of the trend line and a pullback to it, or enter into a buy transaction after seeing strong bullish candles. On the other hand, if PRZ breaks down with the strength of bearish candles, this analysis ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
5
GBPCAD: In neutral zone. Engage only on those levels.GBPCAD got rejected on a LH trend line of a short term Channel Down pattern inside a wider, long term Channel Up. As the 1D technicals are borderline green (RSI = 56.107, MACD = 0.0002, ADX = 32.690), we will proceed with a buy position only if the price closes the candle over the LH and target the Resistance (TP = 1.71415) and similarly sell only under the 1D MA100 and the dotted line and target the 1D MA200 (TP = 1.6500). Observe the RSI's top to book profit earlier if needed. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
Gcad bias on the upside.Trend direction could have flipped on d1, watching for pullbacks. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
GBPCAD, H4 | Bullish breakout Price has broken a key resistance-turned-support level at 1.6855 triggering a push up to 1.6904 which is a key overlap resistance. The bullish momentum is aided by the bullish channel exit we're seeing. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
GBPCAD - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCAD is overall bullish trading inside the rising channel in red. Moreover, the zone 1.68 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my trading style: As GBPCAD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
7
GBP is BossBullish Setup The next HH HL is the sinal of the Bullish Trend start Here’s the 4hr Elliott wave Chart from the 4/14/2022 New York update. In which, the rally to 1.6866 high ended 5 waves from the 2/10/2023 low in wave (1) & made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at 1.6579 low. Then a bounce to 1.6835 high-ended wave X & started the next leg lower in wave Y towards 1.6547-1.6369 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum. GBP Funamentals The GBP has experienced a notable rally in recent weeks, positioning it as the top-performing currency among the G10 nations this year. The unexpected success story of the GBP, now dubbed the "King of G10 FX," can be attributed to several factors. Firstly, the rebound can be attributed to a series of positive UK data releases in recent months, which were influenced by the significant decline in European energy prices and subsequent improvements in commodity terms of trade. Additionally, the persistent UK inflation, combined with reduced post-Brexit tensions between the UK and the EU, as well as diminished risks of another independence referendum, have enhanced the attractiveness of GBP-denominated assets. Asia overnight The sentiment was mixed during Asian trading as investors grappled with concerns surrounding the US debt ceiling. However, their optimism was boosted by China's better-than-expected exports data. Fig1: China headline news from 09/05/2023 There were also reports from newswires suggesting that Chinese authorities might announce additional measures to bolster the economy. Currently, Asian markets were trading with a mixed performance, while S&P500 futures showed a slight decline. In the G10 foreign exchange market, trading remained within narrow ranges, with the Norwegian krone (NOK) and Euro (EUR) underperforming, while the US dollar (USD) and Japanese yen (JPY) outperformed. Kazuo Ueda, the Governor of the Bank of Japan (BoJ), stated that the central bank would discontinue its Yield Curve Control (YCC) policy once inflation consistently reaches 2%. However, this statement didn't come as a surprise and maintained investors' view of the new BoJ Governor as dovish. In March, Japan's wage growth continued to be lacklustre, with real wages experiencing a YoY decline of -2.9%. This data is unlikely to prompt any policy changes by the BoJ. USD: Debt ceiling, regional banks, and the Fed The short-term outlook for the USD is heavily influenced by the ongoing drama surrounding the US debt ceiling in Congress and the outlook for regional banks in the United States. Market concerns regarding the prospects of regional lenders are unlikely to ease following the recent release of the Senior Loan Officers Survey. Additionally, the political deadlock over the US debt ceiling is expected to continue negatively impacting the USD. During the day, foreign exchange (FX) investors will closely monitor the high-level meeting between President Joe Biden and US congressional leaders, which aims to resolve the impasse over the debt ceiling. In terms of its impact on the FX market, any signs of progress between Democrats and Republicans towards a potential bipartisan solution, such as a short-term extension of the debt ceiling, could help the USD regain strength across the board. Conversely, indications that the political impasse has worsened may dampen the appeal of USD-denominated assets.
Long
by DaveBrascoFX