Technical Analysis of GBP CAD

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GBP/CAD targeting lower levels
GBP/CAD targeting lower levels
It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1.7255. Around that area, a pullback could happen in order to go towards the -...
1
AUD/USD falling inside minor impulse wave (c)
AUD/USD falling inside minor impulse wave (c)
AUD/USD falling inside minor impulse wave (c) Next sell target - 0.7500  AUD/USD continues to fall inside the minor impulse wave (c), which previously broke the key support level 0.7640 (which reversed the previous minor impulse wave (i) in last month) and the support trendline of the daily down cha...
1
GBP/CAD broke support zone
GBP/CAD broke support zone
GBP/CAD broke support zone Next sell target - 1.7400  GBP/CAD today broke the support zone lying between the key support level 1.7770 (which reversed the price with the daily Hammer earlier this month) and the 38.2% Fibonacci correction of the upward price impulse 1 from the start of January. GBP/CA...
1
GBP/CAD broke support zone
GBP/CAD broke support zone
GBP/CAD broke support zone Next sell target - 1.7720  GBP/CAD recently broke through the support zone lying between the round support level 1.8000 (former strong resistance from the start of March) and support trendline of the daily up channel from January. The breakout of this support zone accelera...
3
GBP/CAD broke resistance zone
GBP/CAD broke resistance zone
GBP/CAD broke resistance zone Next buy target - 1.8400  GBP/CAD recently broke through the resistance zone lying between the round resistance level 1.8000 (which reversed the price with the daily Evening Star at the start of March, as can be seen from the daily GBP/CAD chart below). The breakout of ...
2
GBP/CAD hovering inside a buy area
GBP/CAD hovering inside a buy area
The pair is consolidating the price action around the 200 SMA at H1 chart across the board and it’s facing a strong demand zone that could help to push it higher towards new highs. If the Fibonacci level of 65% at 1.7766 stays intact, GBP/CAD could rally to test the Fibonacci area of -23.6% at 1.814...
1
GBP/CAD reversed from resistance zone
GBP/CAD reversed from resistance zone
GBP/CAD reversed from resistance zone Next sell target - 1.7150 GBP/CAD recently reversed down with the daily Evening Star from the resistance zone surrounding the resistance level 1.7480 (which has been reversing the price from the start of June, as can be seen below). This resistance zone was furt...
3
GBP/CAD broke combined resistance zone
GBP/CAD broke combined resistance zone
GBP/CAD broke combined resistance zone Next buy target - 1.7490 GBP/CAD continues to rise inside the impulse waves 3 and (3) which previously broke trough the combined resistance zone lying between the resistance level 1.7150 and the 61.8% Fibonacci correction of the previous primary ABC correction ...
3
GBP/CAD looking to make a solid rebound
GBP/CAD looking to make a solid rebound
GBP/CAD has been starting the week within a range established by our Fibonacci projections across the board. The Fibo level of 50% at 1.6768 is acting as a demand zone and in case that the pair holds last Friday’s lows, it could point to test the -23.6% Fibo level at 1.7343 once it break above Novem...
3
GBP/CAD broke strong resistance level 1.6970
GBP/CAD broke strong resistance level 1.6970
GBP/CAD broke strong resistance level 1.6970 Next buy target - 1.7200 GBP/CAD today broke sharply above the strong resistance level 1.6970 (which reversed the previous minor correction 4 in June and also at the start of October, as can be seen from the daily GBP/CAD below). The breakout of the resis...
2
GBP/CAD reversed from resistance zone
GBP/CAD reversed from resistance zone
GBP/CAD reversed from resistance zone Next sell target - 1.6330 GBP/CAD today reversed down from the resistance zone lying between the key resistance level 1.6730 (top of the previous corrective wave 2 from the start of August) and the Fibonacci cluster made out of the 38.2% Fibonacci correction of ...
2
GBP/CAD broke resistance zone
GBP/CAD broke resistance zone
GBP/CAD broke resistance zone Next buy target - 1.6740 GBP/CAD today broke through the resistance zone lying between the pivotal resistance level 1.6330 (which stopped the previous correction (iv), as can be seen from the daily GBP/CAD chart below) and the 61.8% Fibonacci correction of the previous ...
2
GBP/CAD: Will a bearish wave hit soon?
GBP/CAD: Will a bearish wave hit soon?
GBP/CAD still hovers below the 200 SMA at H1 chart and looks like it can resume the bearish bias soon, as the pair is currently finding resistance in the supply zone established by the Fibonacci retracement levels of 50% and 65% at 1.6016 and 1.6071 respectively. If that happens, we can expect anoth...
3
GBP/CAD broke round support level 1.6000
GBP/CAD broke round support level 1.6000
GBP/CAD broke round support level 1.6000 Next sell target - 1.5740 GBP/CAD continues to decline after the earlier breakout of the round support level 1.6000 (previous sell target, which stopped the earlier minor impulse wave 1 at the end of August, as can be seen from the daily GBP/CAD chart below)....
3
GBP/CAD falling inside minor impulse wave 5
GBP/CAD falling inside minor impulse wave 5
GBP/CAD falling inside minor impulse wave 5 Next sell targets - 1.6000 and 1.5800 GBP/CAD continues to fall inside the minor impulse wave 5, which belongs to the intermediate impulse wave (3) from the start of August. The active impulse started earlier – when the pair reversed down from the resistan...
2
GBP/CAD broke major support level 1.6220
GBP/CAD broke major support level 1.6220
GBP/CAD broke major support level 1.6220 Next sell targets - 1.6000 and 1.5800 GBP/CAD continues to fall after the latest breakout of the major support level 1.6220, which has been steadily reversing this currency pair from February – as can be seen below. The breakout of the support level 1.6220 sh...
3
GBP/CAD reached sell target 1.6220
GBP/CAD reached sell target 1.6220
GBP/CAD reached sell target 1.6220 Next sell target - 1.6000 GBP/CAD continues to fall after the recent breakout of the key support level 1.6220 (which stopped the previous intermediate impulse wave (3) and which was set as the sell target in our earlier forecast for this currency pair). The breakou...
3
GBP/CAD falling inside intermediate impulse wave (3)
GBP/CAD falling inside intermediate impulse wave (3)
GBP/CAD falling inside intermediate impulse wave (3) Next sell target - 1.6220 GBP/CAD continues to fall inside the intermediate impulse wave (3) – which started earlier from the resistance area lying between the resistance level 1.6740 (former strong support level from June, acting as resistance af...
3
GBP/CAD Inverted Head And Shoulders Pattern On Intraday TIme Frame
GBP/CAD Inverted Head And Shoulders Pattern On Intraday TIme Frame
In the lack of any major driver today, the GBP/CAD is still bullish ,after the retracement from the weekly H4 camarilla pivot. At this point, we can see a bullish SHS (inverted head and shoulders pattern) that cues for an uptrend continuation. 0.6493-0.6506 (bullish shs, trend line, 2 hammers, his.....
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