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CANADIAN DOLLAR / BRITISH POUND

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GBPCAD – Buy Trade UpdateI’m still holding my GBPCAD buy from earlier and now trailing my stop-loss to lock in profits. The trend is still moving up with strong momentum. GBP is staying firm thanks to solid UK data and the Bank of England’s tougher tone. On the other side, CAD is under pressure 😬 — Trump’s new tariffs are hurting Canada’s trade outlook, and softer oil prices plus a cautious Bank of Canada aren’t helping. I’m watching the next big resistance . If price slows down or shows signs of turning, I might take some profit. For now, I’m letting the trade run 🚀 while keeping my stops tight to protect gains.
Long
by Wainainarobert
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 – Resistance Test After Ascending Triangle BreakdownGBPCAD recently broke down from an ascending triangle pattern, with price now retesting the resistance area near 1.8500. Key Resistance: 1.8700 – 1.8500 First Target: 1.8000 (strong low) Second Target: 1.7800 (demand zone) Support Level: ~1.7200 Structure shows multiple tops and a weakening bullish trendline, indicating sellers may remain active below resistance. A confirmed rejection could lead to a move toward the demand zone. Chart highlights: Ascending triangle breakdown Bearish retest at resistance Two-step target projection based on structure This analysis is for educational purposes only and not financial advice
Short
by ProfitMagnet-Pro
10
GBPCAD: Could we see price continue to the downside?Price on GBPCAD looks quite interesting at the moment, this latest moves continues the narrative of a downtrend. As it is following a downtrend, each touch has served as a catalyst for a directional move. The most recent interaction is particularly interesting, because it's hovering here for some time now, and this could be a clue that we can use. What may follow is subtle but telling: compression at trendline, low-volume candles suggesting exhaustion, all aligning for more potential release downward. My target would be toward 1.8100 where we have a clear support zone. Momentum has respected structure and if this move plays out, I don't think it will be a breakout, but a continuation of a narrative that’s already been happening. This is what makes the setup so compelling. It’s not new, it’s the a "story being told". Though a scenario for more upside is possible and can happen just as much. Still, I would take the side for more downside taken into account all above.
Short
by TrendDiva
33
GBPCAD Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis. Based on our assessment, the price is expected to return to the monthly level. DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent investment decisions. Please note that this is a prediction, and I have no obligation to act on it, nor should you. Please support our analysis with a boost or comment!
Long
by Derry_Trades
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.
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