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CANADIAN DOLLAR / BRITISH POUND

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GBPCAD, Actually confirmedGBPCAD Main Parameters 1. Monthly timeframe - Bullish 2. Weekly timeframe - Bullish 3. Daily timeframe - Bullish 4. Intraday timeframes - Bullish Other Parameters 5. COT Data - GBP Bullish against USD with main parameters. 5. COT Data - CAD Bearish against USD with main parameters. 6. DXY Index - N/A Confirmed Confluences 1d Psychological Level, 1hr Hidden Invalidation, 30 min structural retest. Based on all these parameters and having 100% probability on our parameters; we executed a Long position risking not more than 18 Pips, targeting a 1:12+ at significant level where we are targeting to take our profits. DISCLAIMER: You already Know.
Long
by relentlessforex
GBPCADStrong Weekly Support Zone (~1.87227 - 1.87590): Price is reacting off the weekly support range, and this could act as a demand zone. Previous Resistance Turned Support: The 1.87227 level has acted as resistance in the past and now looks like it may be turning into support. Bullish Market Structure: Higher lows and higher highs forming. If the price respects this current level, it could push higher toward 1.88434 or even 1.89727. Wick Rejection/Buying Pressure: The current candle shows signs of rejection from the support zone, which may indicate buyer interest.
Long
by leonarmah
A Rising wedge after all?A rising wedge pattern has formed in GBPCAD, and the question is: will the price break or reject the resistance? Based on RSI and Volume, I think the price can not break the resistance and fall again. There is an divergence in both RSI and volume, so buyers are not powerful enough to continue the game. I see a rising wedge with declining volume that means a rejection of ongoing trend. for trading this pair, I recommend to wait and see whether price break or reject. By the way, GBP ( TVC:BXY ) and CAD ( TVC:CXY ) indexes confirm the rejection. P.S: This idea is just my analysis and should not be used for real trading.
Short
by ahmadbiotech
GBP/CAD Near Strong Res Area , Short Valid To Get 200 Pips !Here is my opinion on 4H GBP/CAD Chart , the price touch a very strong res area that forced the price to respect it and go down for more than 500 pips for 4 times , and now the price trying to touch it so we can enter a sell trade now or waiting the price to go back to retest the same area again and give us a good bearish price action to can enter a sell trade and we can targeting from 100 : 200 pips . if we have a daily closure above my res area this idea will not be valid anymore . Entry Reasons : 1- Very Strong Daily Res Area . 2- Perfect Bearish Price Action . 3- Bigger Time Frames Confirmed . 4- Perfect Touch For The Area . 5- Clear Price Action .
Short
by FX_Elite_Club
2
GBPCAD Is Very Bullish! Buy! 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 on a crucial zone of demand 1.878. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.901 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPCAD Double Top resistance retest The GBPCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.8650 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.8650 would confirm ongoing upside momentum, with potential targets at: 1.8820 – initial resistance 1.8840 – psychological and structural level 1.8900 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.8650 would weaken the bullish outlook and suggest deeper downside risk toward: 1.8620– minor support 1.8590 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the GBPCAD holds above 1.8650. 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 Trade Nation
GBPCAD breakout or rejection? All eyes on 1.8850!GBPCAD is testing a major technical zone as macro and price catalysts align. Here's what traders need to know: Catalysts & Macro Drivers GBP : Supported by USD weakness (US shutdown, weak data), sticky UK inflation, and Bank of England caution. November’s UK budget looms as a key event. CAD : Under pressure from falling oil prices (oversupply/weak demand) and a dovish Bank of Canada. Further rate cuts are possible, especially if oil stays low. Technical Outlook Weekly chart : Strong impulsive rally past 61.8% Fibonacci (1.8310), with 1.9490 (78.6% Fib) as the next longer-term upside target. 4h chart : Ascending triangle with resistance at 1.8850. Breakout/close above 1.8850 confirms bullish momentum, with targets at 1.90 and then 1.93–1.95. RSI : Long-term RSI above 60 signals strength, but divergence is a risk factor. Watch for RSI reset or failure at highs. Trading Scenarios Bullish : Hold above 1.8850 for 3 sessions +, look for upside extension to 1.90/1.93/1.95. Bearish : Failure to break 1.8850 or drop below 1.8600 could trigger reversal to 1.84/1.81 support. Levels to Watch Key resistance: 1.8850, 1.9000, 1.9340, 1.9490 Key support: 1.8600, 1.8400, 1.8310 This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
GBPCAD Is Bearish! Sell! Please, check our technical outlook for GBPCAD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.882. The above observations make me that the market will inevitably achieve 1.869 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBP/CAD Short Setup – 4HPrice is currently trading within a bearish structure after breaking down from the recent range highs. We can see a clear supply zone aligning with previous liquidity grabs, suggesting sellers are still in control. 🔹 After the BOS (Break of Structure), price retraced back into the supply zone, filling imbalance and mitigating prior orders. This area provides confluence for a short entry. 🔹 The expectation is for price to reject from this zone and continue lower towards the next key demand level around 1.8364. 🔹 The short bias remains valid as long as price trades below 1.8846 (invalid/stop level). Trade Idea: Entry: Supply zone retest (1.8720 – 1.8800) Stop Loss: Above 1.8846 Target: 1.8364 (major demand) This aligns with the overall bearish momentum, supply & demand dynamics, and liquidity structure.
Short
by Jabu_Souls07