Get started

GBPCAD

GBPCAD My Opinion! SELL! My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7453 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7409 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBP/CAD Accumulation Area Suggests Imminent Bearish ShiftThe GBP/CAD pair recently reached a market high on September 23, 2023. Presently, the price is situated in an accumulation area, suggesting the potential for a bearish reversal. Technical analysis indicates that the pair may retrace to the 1.7300 level and potentially beyond. Given the current market conditions, we have identified signs that support a possible downward movement. The accumulation area, characterized by price consolidation, often precedes a significant price movement. In this case, the consolidation at the top suggests that the market is preparing for a reversal. From a technical perspective, various indicators, including momentum oscillators and trend analysis, support the hypothesis of a bearish reversal. Specifically, divergence observed in higher timeframes points to weakening bullish momentum, increasing the likelihood of a downward correction. Considering these factors, we are looking for a short setup in this region. Traders should monitor key support and resistance levels and be prepared for potential market shifts that align with this bearish outlook. Our target for the reversal is initially set at the 1.7300 level, with the possibility of further declines if the bearish trend gains strength. In conclusion, the GBP/CAD pair's recent high and current accumulation phase present a compelling case for a bearish reversal. By carefully observing market signals and technical indicators, traders can position themselves to capitalize on this anticipated market movement.
Short
by FOREXN1
1
GBPCAD Will Go Up! Long! Here is our detailed technical review for GBPCAD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.736. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.744 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Sell GBPCAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Poin ts: Sell Entry: Consider entering a short position around the current price of 1.7405, positioned close to the top of Channel. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.7373 2nd Support – 1.7352 Stop-Loss: To manage risk, place a stop-loss order above 1.7425 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
1
GBP/CAD has a strong bullish momentum, could it rise further?Price is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.7329 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.7207 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Take profit: 1.7620 Why we like it: There is a pullback resistance level which lines up with the 161.8% Fibonacci extension. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
1
GBPCAD - 4hrs ( Buy Trade Target Range 240 PIP ) Pair Name : GBP/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.72500 Area Reasons - Major Turn level / W - Pattern Break - choch Zone - Fibo Golden - Visible Range Hvn - Day + week high - 3 Quarter + quarter High Bearish Reversal 1.75000 Area Reasons - Major Turn level / M - Year High Area - Fibo 1.27 % - Pattern Target - Ultra High Volume area
Long
by GoldenEngine
GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement GBPCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
6
GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement GBPCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
4
Canadian CPI Today, British CPI Tomorrow#GBPCAD EASYMARKETS:GBPCAD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets