GBP/CAD Articles

GBP/CAD Looking to Bounce Off 78.6%

Quite a few signals lining up. Today I have introduced Bollinger bands to the equation due to multiple signals suggesting the reversal for GBP/CAD Daily Bollinger, 1-hour Bollinger, 78.6% Fibonacci and double bottom all coincide for a possible bounce. Would like to see a strong bullish engulfing, hammer, piercing, two…

GBP/CAD Falling Through Trend Line targeting 1.7000

Breaking trend line now confirms we could see further drops to the 200 EMA. GBP/CAD may retest the trend line for optimal entry to short. Daily chart hovering between the 50 and 200 EMA. 1.71685 is a crucial zone that will indicate where GBP/CAD will likely trend towards. Key…

GBP/CAD: Short Term Support Following 423 Pip Drop in September

GBP/CAD found solid support at 1.71320 from June’s old resistance. GBP/CAD Short term trade has superior reward to risk ratio if optimal entry is obtained. Caution: We are below the 200 and 50 EMA which will present price resistance once tested and this is a counter trend trade meaning…