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gbpcad

Market Spotlight: GBPCAD Testing December Highs

BOC/BOE Divergence GBPCAD is testing the December 2022 highs here and is threatening a breakout higher. The latest set of inflation data out of both the UK and Canada this week has widened the gap...

Market Spotlight: GBP Rallies on UK Data Beat

UK Wages Fall Back The latest data from the ONS today showed that UK wages softened in the three months through January. Basic wages, excluding bonuses, rose by 6.5%, down from 6.7% prior while total...

Market Spotlight: GBPCAD Threatening to Break Lower

GBP Weakening GBP looks to be under pressure at the start of the week following on from the selling we saw last week. Despite the NIESR reporting that it no longer expects the UK to suffer a recession...

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...