Get started

GBPCAD

GBP/CAD Poised for Breakout – What’s Next After 1.8600?1. TECHNICAL CONTEXT (Daily Chart) GBP/CAD has been trading within a well-defined ascending channel since early 2025. After hitting the lower bound of the channel around 1.8050 in May, price bounced sharply and regained strength, pushing back above the key 1.8400–1.8450 zone, now confirmed as new support. Currently, price is approaching the 1.8600 area, which represents: The upper boundary of the April–May consolidation range A clear supply zone visible on the weekly chart A technical resistance cluster (previous closes + Fibonacci levels) The RSI shows growing momentum, yet not overbought, suggesting potential upside extension toward 1.8779, the monthly high. Key Technical Levels: Resistance: 1.8600 – 1.8779 (extended target) Support: 1.8401 (weekly) and 1.8250 (mid-range level) Primary Trend: Bullish Structure: Active ascending channel 2. INSTITUTIONAL POSITIONING (COT REPORT – May 13, 2025) CAD: Non-Commercials (speculators) are heavily net short: 23,250 longs vs 105,466 shorts = -82,216 net Weekly increase: +18,084 new shorts → clear rise in bearish pressure Commercials (hedgers) are net long, typical of risk hedging, indicating an opposing view to speculators GBP: Non-Commercials are net long: 89,540 longs vs 62,324 shorts = +27,216 net, despite a minor weekly reduction (-4,844) Commercials are net short, likely hedging strength in the pound COT Takeaway: Speculators are clearly favoring GBP strength vs CAD, while CAD is under heavy short pressure. This supports further upside in GBP/CAD. 3. RETAIL SENTIMENT 80% of retail traders are short GBP/CAD, with an average entry at 1.8551 20% long, with average entry at 1.8147 This extreme retail skew represents a contrarian bullish signal: the market may push higher to trigger stop-losses on poorly positioned shorts. 4. SEASONALITY CAD in May: Mixed behavior with a slight bearish/neutral tendency on 10y and 2y averages Monthly average: as low as -0.0097 (10-year data) GBP in May: Historically one of the weakest months for the British pound Average returns range between -0.015 and -0.0226 That said, 2025 appears to diverge from seasonal norms, with GBP showing relative strength across the board. Seasonality Takeaway: While seasonality favors CAD over GBP in May, this year’s price action and positioning override that pattern. TRADING SUMMARY 🔹 Primary Bias: Moderately Bullish 🔹 Technical Outlook: Positive structure above key support at 1.8400 🔹 COT Insight: Supports upside due to aggressive CAD short buildup 🔹 Retail Sentiment: Skewed short → potential short squeeze 🔹 Seasonality: Bearish for GBP, but currently outweighed by fundamentals/positioning SCENARIOS 📈 Bullish Scenario (preferred): Break and hold above 1.8600 → acceleration toward 1.8779 Midway target: 1.8670 (psychological level) Technical stop: Below 1.8400 (or trailing SL on breakout) 📉 Corrective Scenario: Failure at 1.8600 → pullback to 1.8401 (bullish retest) Deeper weakness only confirmed on break below 1.8250, which would invalidate the ascending channel CONCLUSION GBP/CAD is in a structurally bullish setup, backed by speculative favor toward GBP and an extreme short bias on CAD. Despite the unfavorable seasonality for GBP, the technical trend and positioning data justify a bullish outlook with a target at 1.8779, contingent on a confirmed break above 1.8600.
Long
by EdgeTradingJourney
9
GBP-CAD Will Keep Growing! Buy! Hello,Traders! GBP-CAD is trading in a local Uptrend and the pair made a Breakout and a retest of the Key horizontal level of 1.8600 Which is now a support and We are seeing a bullish rebound From the new support already So we are bullish biased and We will be expecting a further Bullish continuation Buy! Comment and subscribe to help us grow! Check out other forecasts below too! 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 TopTradingSignals
1
GBPCAD Is Bullish! Long! Here is our detailed technical review for GBPCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.865. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.902 level. 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!
Long
by SignalProvider
1
Possible Bearish Reversal on GBPCAD | 4H Key ResistancePrice is currently testing a key resistance area near 1.86828 – 1.88313 (marked as Invalid Level). The market structure shows a potential double top and signs of exhaustion. Bias: Bearish reversal Entry Zone: Around 1.86828 Invalidation: Break and close above 1.88313 Target (TP): 1.70447 A rejection from this resistance could signal a strong move to the downside. Wait for confirmation (e.g., bearish engulfing, break of structure) before entering. Manage risk accordingly. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk according to your trading plan.
Short
by Forex_Int
GBPCAD Will Explode! BUY! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.8389 Bias -Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.8459 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
GBP/CAD - Triangle Breakout (19.05.2025)The GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.8651 2nd Resistance – 1.8685 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. 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 KABHI_TA_TRADING
41
GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! It makes sense for us to go short on GBP/CAD right now from the resistance line above with the target of 1.836 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
"Pound vs Loonie Forex Heist: Snag GBP/CAD Profits with Thief"🌍 Hello, Global Money Heisters! Ciao, Hola, Salaam, Bonjour! 🌟 Dear Profit Pirates & Cash Chasers, 🤑💸✨ Here’s the slick plan to raid the GBP/CAD "Pound vs Loonie" Forex Vault with 🔥Thief Trading Style🔥, blending sharp technicals and juicy fundamentals. Follow the chart’s long entry strategy to hit the high-risk RED Zone. It’s a wild spot—overbought, consolidating, with bears lurking for a trap. Let’s nab those profits and treat ourselves! 🎉💰 --- GBP/CAD Real-Time Data (May 15, 2025, UTC+1) 📈 - Current Rate: ~1.8540 CAD per GBP, down -0.04% today but holding strong. 📊 - Retail Sentiment: ~65% bullish, eyeing a GBP climb. 😎 - Institutional Sentiment: ~55% bullish, cautiously optimistic. 💼 --- Heist Plan Highlights 🏴‍☠️ - Entry 📌: Wait for GBP/CAD to smash past 1.8650 (previous high) for a bullish breakout. Set Buy Stop above the Moving Average or Buy Limit at recent 15/30-min swing lows for pullbacks. Set an alert to catch the move! 🚨 - Stop Loss 🛑: Place SL at 1.8400 (4H swing low) for day trades. Adjust based on your risk, lot size, or multiple orders. If using Buy Stop, set SL post-breakout to avoid whipsaws. 🔥 - Target 🎯: Aim for 1.8950 or bail early if the RED Zone feels too hot. 🏃‍♂️ - Scalpers 👀: Stick to long scalps with trailing SL to lock in gains. Swing traders, join the heist with bigger moves! 💸 --- Why GBP/CAD is Hot 🔥 - Bullish Momentum: Technicals show GBP strength, backed by retail (65%) and institutional (55%) optimism. 📈 - Fundamentals: Check COT reports, macro news, and intermarket analysis for the full picture. Stay sharp with sentiment and future trends! 📰🌎 - News Alert 🚨: Avoid new trades during big news drops. Use trailing SL to protect running positions. 🛡️ --- Boost the Heist! 💪 Hit that Boost Button to supercharge our Thief Trading squad! 🚀 Let’s make stealing pips a breeze. Stay tuned for the next epic heist plan, Money Makers! 🤑🐱‍👤🎉 Happy Trading, and let’s loot the market together! 🤝❤️
Long
by Thief_Trader
GBPCAD BULLISH OR BEARISH DETAILED ANALYSISGBPCAD is currently trading around the 1.85700 level, consolidating inside a well-defined bullish pennant on the 2-day chart. This pattern formation follows a strong impulsive rally from the 1.71000 region earlier this year, signaling that the pair is in a re-accumulation phase before its next leg higher. Price action is coiling tightly within converging trendlines, and recent volume spikes suggest increasing interest and momentum from the bulls, pointing toward a potential breakout to the upside. On the fundamental front, the British pound is benefiting from rising wage inflation and a still-hawkish Bank of England tone, which keeps rate cut expectations muted compared to other G10 currencies. Meanwhile, the Canadian dollar remains under pressure due to softening oil prices and weaker-than-expected domestic data. The BoC has also signaled it may start easing in the coming months if inflation continues to slow, making CAD less attractive relative to GBP. Technically, a breakout above the pennant resistance around 1.8600–1.8650 with strong bullish volume would confirm the continuation of the prior uptrend. The projected target from this pattern sits near the 1.95700 area, aligning with previous major resistance and psychological round numbers. Momentum indicators are building to the upside, and price remains above all key moving averages on the higher timeframes, reinforcing the bullish outlook. With volume confirming accumulation, a breakout from this bullish pennant could accelerate quickly as trend-following strategies kick in. GBPCAD is well-positioned to capture the upside, and the current structure offers an excellent risk-to-reward opportunity in favor of bulls. In the context of macro divergence between GBP strength and CAD softness, the 1.95700 target looks highly achievable in the coming weeks.
Long
by AndrewsMarket-Mastery
3
EurUsd…Daily FVG fill.Good day traders, I’m back with another setup but this setup is based on the GBPUSD setup I posted yesterday…go and look at it, to get the ideological. To be honest I don’t think the drop in price to start the week was unexpected because of the strength shown last week on the DXY and on the idea I posted on GBpUSD I highlighted that last week XXX/USD pairs did not perform as the USD/XXX pairs. Which explains why we open with a bearish move lower and now I believe price is gonna do as I expected it on GBPUSD before taking liquidity but strength was too strong. EurUsd on this respective TF we can see that it has been on a downward movement, and if we take a look at that healthy bearish leg. Price has left imbalances but the most visible one is the volume imbalance that I have shown you on the chart. For the rest of the day should price closer above the VI than I believe we can expect it to move higher till Thursday before DXY continues moving higher.
Long
by FxPipMaster_TebohoMatla
2
GBP-CAD Local Correction Ahead! Sell! Hello,Traders! GBP-CAD keeps growing And the pair is locally overbought So despite our local bullish bias We will be expecting a pullback And a move down after the Pair hits the horizontal resistance Around the 1.8600 area Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
GBP/CAD BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.841. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GBPCAD INTRADAY key trading level at 1.8532The GBPCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.8532 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.8532 resistance, could lead to a downside move targeting support at 1.8280 with further potential declines to 1.8150 and 1.8040 over a longer timeframe. On the other hand, a confirmed breakout above the 1.8532 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.8590 resistance, with a potential extension to 1.8650 levels. Conclusion: Currently, the GBPCAD sentiment remains bearish, with the 1.8530 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. 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
GBP/CAD "Pound vs Loonie" Forex Bank Money (Day Trade Plan)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/CAD "Pound vs Loonie" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Blue MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the Neutral Level breakout then make your move at (1.83000) - Bearish profits await!" however I advise to Place sell stop orders above the Moving average (or) after the Support level Place sell limit orders within a 15 or 30 minute timeframe most NEAREST (or) SWING low or high level for Pullback entries. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (1.84500) Day/Scalping trade basis. 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.81000 (or) Escape Before the Target 💰💵💸GBP/CAD "Pound vs Loonie" Forex Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
GBPCAD: 700+ pips swing move in making; what you think? FX:GBPCAD After looking at the daily timeframe, we have identified the price pattern with this particular pair, we pointed out the upcoming big move based on similar move that this pair has made. Currently price has been rebounding from the strong buying zone where we expect a large volume to kick in the market. First our main aim will be to see how price react at the downtrend trendline and if price successfully breakthrough the region. We can then enter more entries with this pairs targeting long term 700+ pips. Good luck and trade safe.
Long
by Setupsfx_
14
GBPCAD Will Go Lower! Short! Please, check our technical outlook for GBPCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.851. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.834 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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