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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD 4H The price appears to be forming a strong support zone around the 1.8350 level, as marked by the horizontal gray area. This level has been tested multiple times, suggesting accumulation and potential exhaustion of selling pressure. 🔄 Scenario: If the support holds, GBP/CAD could bounce and head towards the 1.8800–1.8900 area, as illustrated by the projected path. ✅ Bullish Bias if: Price holds above 1.8350 Breakout above minor highs near 1.8450 Positive momentum from news or fundamentals 🚫 Invalidation: Clean break below 1.8300 could trigger further downside. --- ⚠️ Disclaimer > This chart is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research and consult a licensed financial advisor before making trading decisions.
Long
by Forex_Int
GBPCAD Will Go Down From Resistance! Sell! Take a look at our analysis for GBPCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.850. Considering the today's price action, probabilities will be high to see a movement to 1.836. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD bullish reaction to BoE rate decisionThe GBPCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.8240 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.8240 would confirm ongoing upside momentum, with potential targets at: 1.8510 – initial resistance 1.8600 – psychological and structural level 1.8690 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.8240 would weaken the bullish outlook and suggest deeper downside risk toward: 1.8160 – minor support 1.8076 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the GBPCAD holds above 1.8240. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPCAD At Support - High probability reversalGBPCAD descended with strength, and has now reached a strong support zone. Price now hovers above and this zone and is a great indication to use for possible reversal move, that could send price into the 1.86100 level. But if price breaks below support with momentum, then I’ll back off this bullish bias and reassess, and consider the reversal idea invalidated, with potential for further downside. Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TrendDiva
38
GBPCAD Will Go Down! Short! Please, check our technical outlook for GBPCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.833. The above observations make me that the market will inevitably achieve 1.813 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD OUTLOOKIn this analysis we're focusing on 2H time frame for finding possible upcoming movement in price. So as per my strategy today I'm looking for a sell trade opportunity. Confirmation is very important, after confirmation we'll execute our trade. Let's see which opportunity market will give us. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is my prediction. #GBPCAD 1H Technical Analysis Expected Move.
Short
by TradeTacticsreal