Posts tagged 'GBPCAD'

GBPCAD – Positive break not maintained
GBPCAD – Positive break not maintained14th October 2018

Updated 29th October.Contrary to the bullish signals generated 2 weeks ago, investor demand for GBPCAD could not be maintained. Instead selling interest was renewed  with last week's decline being the most negative GBPCAD performance since April. This is enough to reassert a Bearish bias with initial targets of 1.6574 and 1.6467.Last week saw solid gains in... read more

GBPCAD – Bought at key average
GBPCAD – Bought at key average17th January 2018

Our medium term outlook for GBPCAD has been bullish since the middle of September when the spot and RSI both traded above their relevant Moving Averages.The resulting upside in GBPCAD of 8 big figures was capped by the top of the weekly Ichimoku Cloud pattern, where profit taking developed.  Peaking in December, the bulk of the holiday... read more

Weaker CAD drives EURCAD & GBPCAD Up
Weaker CAD drives EURCAD & GBPCAD Up25th October 2017

Our Quarterly USDCAD view is a bullish one and is currently being driven by a weaker CAD across the board. That is reflected in positive moves last week in EURCAD and GBPCAD that confirmed a medium term bullish tone for these crosses.In EURCAD the spot price has been flirting with the 21 week displaced moving average... read more

GBPCAD- Sentiment turns sharply positive
GBPCAD- Sentiment turns sharply positive25th September 2017

Last week's gains in GBPCAD were more modest than the previous week's upside but they were enough to confirm a change in investor sentiment to bullish.This is because this improvement took GBPCAD above the 21 week moving average for the first time in 3 months. Importantly that break confirmed a similar 'golden' cross of our RSI... read more

GBPCAD – Sentiment turning Bearish?
GBPCAD – Sentiment turning Bearish?15th June 2017

Is the current bullish bias for GBPCAD to prove short-lived? This week's price action is suggesting that although a weekly close below 1.7024 is needed as confirmation.2016 was dominated by a bearish trend that took GBPCAD nearly 25% lower. A double bottom above 1.5700 (October & January) led to a profit taking correction that was strong... read more

GBPCAD – Positive Signal Potential – updated
GBPCAD – Positive Signal Potential – updated22nd March 2017

Update - Monday 27th MarchAs mentioned last week the key level for this currency pair is/was the 21 week moving average and last week's demand has taken GBPCAD above that point. This confirms the positive cross already made in the RSI indicator with targets as below. I wrote last month about how there were warning signs for... read more

GBPCAD – warning signs for bears
GBPCAD – warning signs for bears15th February 2017

A negative trend has dominated GBPCAD for more than a year. A bearish move below the 21 week moving average in January 2016 confirmed an earlier breach of the RSI moving average and that tone has been threatened occasionally, by moves back to the moving average, but unbroken since.In fact, GBPCAD fell by 22% to October's... read more