I see a good opportunity to long GBPCAD at 2.000. Despite the slightly below expectations in growth in UK and EU. Unemployment in Britain decreased to 5.4%, down from 5.5 percent in the previous period and the lowest since March to May of 2008. Also the trade gap in goods and services decreased to £3.3b in August 2015 from an upwardly revised £4.4. On the other...
I Already bought you should also first analyse by your self then follow my idea Thank you
The secondary trend of GBPCAD is sideways on charts. In its 4 hourly chart, the pair is not sustaining at higher levels and is likely to give break out at downside. Prices are consolidating with strong negative bias and its 30 and 200 DMA are also providing resistance to the prices supporting the further down-trend. If it breaks its support level of 1.9770 &...
GBPCAD ended with a weak candle yesterday. I will keep looking for high probability short signal today but I will be very cautious and move SL sensitively, as the price has gone such a long way down without any retracement on H4 chart.
GBPCAD had strictly breakout the support level on day chart and week chart. It may go up to test resistant level (previous support) or not, but I will keep looking for high probability short breakout on lower time frame based on MA and trendlines until price reaching next support level. It's a star trading pair for trend traders in this week.
Hi guys, just sharing my idea and seeking for advice too. As i see it ( you might not see it as i do ) we should expect some retracement of the major up trend that this pair is having. To justify that we have price going below 200ema, break of previous structure, and a possible head and shoulders pattern, our target could be 0.5 retracement, and zone of support...
Friends, While the predictive/forecasting model is posting an early bearish market reversal signal, there are also fundamental and technical reasons to consider a potential bearish downturn in this $GBPCAD pair FUNDAMENTALS: Central bank decision regarding UK is expected to maintain interest rates unchanged. This implies that $GBP won't gain rally without...