#gbpcad - Tickmill Expert Blog - Forex Traders Blog

Market Spotlight: Downside Risks for CAD Into GDP Data

CAD GDP Up NextOn the back of the recent weakness we’ve seen in CAD, Canadian GDP will be in focus today. With little expected in the way of fireworks (consensus 0.1% vs 0.1% prior) only a meaningful...

Market Spotlight: GBPCAD Monthly Chart

GBP Reversing HigherNews that the UK government will scrap controversial plans to abolish the upper tax bracket in the UK has been met with a sharp relief rally in GBP. On the back of the roughly 10%...

Market Spotlight: GBPCAD On Watch

GBPCAD Base Building?GBPCAD is one pair I’m monitoringwith interest currently. The market has been trading lower over the year,tracing an orderly bearish channel from the roughly 1.65 highs down to...

GBPCAD, H4 | Potential Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 1.57894Pivot: 1.57052Support: 1.54814Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from...

Market Spotlight: GBPCAD Upside Potential

GBPCAD On Watch Price action in GBPCAD is looking interesting here. The pair has been moving lower in a tight bearish channel over recent months. However, the most recent lows saw strong bullish...

GBPCAD, H4 | Potential Bullish Continuation

Type: Bullish BounceKey Levels:Resistance: 1.61977Pivot: 1.60998Support: 1.60349Preferred Case:On H4, price has bounced off Ichimoku indicator thus we have a bullish bias that price will continue to...

Market Spotlight: GBPCAD Bullish Reversal On Watch

GBPCAD Reversal Set UpPrice action in GBPCAD is looking very interesting here to play to the long side. Following a couple of really great short trades over the prior decline, the pair looks to have...

Market Spotlight: GBPCAD Hits Final Target

GBP Under Pressure The short trade issued in GBPCAD from the break of 1.6293 has now hit its final target at 1.5899. Yesterday’s BOE meeting saw the UK central bank issuing a warning of a massive...

Market Spotlight: Still Short GBPCAD

GBPCAD Remains Under PressureThe short idea issued inGBPCAD has seen the market trading down towards the target at 1.5894. While we’veseen a little corrective action recently, the bias remains firmly...