British Pound / Canadian Dollar forum
GBPCAD If you zoom out on the daily/weekly you can see how significant the high at 1.76 was. I'd love to see it retested for a beautiful long entry (nothing certain here)
GBPCAD 1.7715 (probably) then up again, unless BoE cuts rates too much or BoC monetary metting minutes shows unexpected underlying growth
GBPCAD Expecting this
GBPCAD still bearish. Short term bullish trap, but until christmas we will be at 1,65~1,60
GBPCAD bearish to lq
GBPCAD CAD is getting wrecked even harder than USD lmao, such a trash currency
GBPCAD Let the waterfall begin.
gonna short GBPCAD
GBPCAD
GBPCAD Yesterday advised to Book Profit and then it rebounded back.... Again Plz Sell it. 1.74-1.75 are targets..... Already from this pair we have extracted 150 pips profit.....
GBPCAD ๐จ ๐๐๐ฃ๐๐๐ ๐ฆ๐๐ฟ๐ด๐ฒ๐ ๐๐บ๐ถ๐ฑ๐๐ ๐๐ถ๐๐ฒ๐ฟ๐ด๐ถ๐ป๐ด ๐๐ฒ๐ป๐๐ฟ๐ฎ๐น ๐๐ฎ๐ป๐ธ ๐ฃ๐ผ๐น๐ถ๐ฐ๐ถ๐ฒ๐ ๐จ-----------------------------------------------------------------------------------------------
The GBPCAD exchange rate is experiencing significant strength, driven by contrasting economic conditions in the UK and Canada. Here's what's happening:
British Pound Gains Momentum: The Bank of Englandโs cautious approach to interest rate cuts, paired with sustained inflation pressures in the UK, has fueled confidence in the Pound.
โข๏ธ ๐๐ฟ๐ถ๐๐ถ๐๐ต ๐ฃ๐ผ๐๐ป๐ฑ ๐๐ฎ๐ถ๐ป๐ ๐ ๐ผ๐บ๐ฒ๐ป๐๐๐บ: The Bank of Englandโs cautious approach to interest rate cuts, paired with sustained inflation pressures in the UK, has fueled confidence in the Pound.
โข๏ธ ๐๐ฎ๐ป๐ฎ๐ฑ๐ถ๐ฎ๐ป ๐๐ผ๐น๐น๐ฎ๐ฟ ๐จ๐ป๐ฑ๐ฒ๐ฟ ๐ฃ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ: The recent Bank of Canada rate cut, combined with a dip in commodity prices like oil, is weakening the Canadian Dollar, pushing GBPCAD higher.
โข๏ธ ๐ข๐ถ๐น ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐๐ฟ๐ผ๐ฝ: Canada's heavy reliance on oil exports is exacerbating the situation, as falling oil prices hit the Canadian Dollar hard.
// ๐ฃ The result expect? GBPCAD is rising towards its recent highs and showing continued strength, making it a pair to watch in the coming weeks. //