Get started

British Pound / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPCAD trade ideas

GBP/CAD - Intraday Breakout Setup 📈 GBP/CAD - Intraday Breakout Setup 🚀 The price is exhibiting bullish momentum, with a clear reversal signal forming near a key support level. This aligns with a positive intraday outlook, supported by recent candlestick patterns. 🔍 Key Factors Supporting the Bullish Intraday Move: 1️⃣ Candlestick Pattern: Formation of a strong bullish candlestick near the support zone, indicating potential buying pressure. 2️⃣ Support Zone: Price is holding above 1.8000. Key horizontal support at 1.7980 reinforces this level. 3️⃣ Moving Average: The price is moving closer to the 50-day MA, suggesting potential upward movement. 🚀 Upside Targets: 🎯 First Target: 1.81089 (recent resistance level). 🎯 Second Target: 1.8150 (intraday high potential). 🚨 Risk Management: Stop Loss: Below 1.7980 to limit downside risk. 💡 Pro Tip: Watch for volume confirmation during the breakout for stronger entry confidence. 🔔 Stay tuned for more actionable market setups!
Long
by mywork072
1
Bullish Outlook for GBPCAD: Targeting New HighsI'm expecting a bullish move for the GBPCAD currency pair, and here's why. The strategy we're using, EASY Trading AI, identifies key market trends effectively, and our analysis points to a favorable upward trajectory from the current enter price of 1.80354. The decision to initiate a buy trade is strongly supported by several technical indicators that suggest an upward momentum. Specifically, the price is approaching a key resistance level, which historically leads to renewed buying interest. Additionally, with a Take Profit target set at 1.80668667, there’s a solid opportunity to capture some profits as the market rallies. We've placed a Stop Loss at 1.79961667 to manage our risk, allowing for some fluctuation while safeguarding our capital. This strategic positioning balances the potential for gains with adequate risk management, a crucial aspect of successful trading. It's essential to keep an eye on market sentiment and economic news that could influence the GBP and CAD, as external factors often play a significant role in currency movements. However, based on current technical insights and the robustness of the EASY Trading AI framework, the outlook appears promising. Happy trading!
Long
by ForexRobotEasy
GBP/CAD Daily Analysis.This chart shows the GBP/CAD pair on the daily timeframe, highlighting a strong bullish market structure characterized by Higher Highs (HH) and Higher Lows (HL). Key observations: Price is respecting the uptrend pattern with consistent HHs and HLs. A key support zone is marked, acting as a potential demand area for price reactions. The projection anticipates a possible retracement to the support zone, forming another HL before continuing the bullish trend. Potential Plan: Monitor the price action around the support zone for bullish signals and confirmations to join the upward trend.
Long
by harshkjogadia
GBPCAD SHORTSA heads and shoulders pattern signaling reversal, a transition from bullish to bearish. REJECTION POINT Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels: The retest of the neckline. The psychological round number (1.80000) The EMA 50 acting as dynamic resistance. If the price is rejected here, the market is likely to continue its bearish move, targeting lower levels such as 1.78000 or below. Conclusion The price is currently retesting the neckline of the Head and Shoulders pattern. Watch for bearish rejection signals (e.g., bearish candlesticks, volume spikes) around 1.80000–1.80328, which could confirm the continuation of the downtrend.
Short
by sosaxbrodie
GBPCAD is in the bearish directionHello Traders In This Chart gbpcad HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000