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GBPCAD RISING!!

P3tr4 Posted 30 May as Analysis on GBP/CAD, Target: 1.7155, Date: 3rd of July, 12:00 GMT  in #Technical analysis #GBP/CAD #Market Trend #Gbpcad #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
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GBPCAD RISING!!

P3tr4 Posted 14 Apr. as Analysis on GBP/CAD, Target: 1.6850, Date: 1st of June, 12:00 GMT  in #Technical analysis #GBP/CAD #Market Trend #Gbpcad #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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GBPCAD RISING!!

P3tr4 Posted 24 Mar. as Analysis on GBP/CAD, Target: 1.6909, Date: 1st of May, 12:00 GMT  in #Technical analysis #GBP/CAD #Market Trend #Gbpcad #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
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GBPcad to range

P3tr4 Posted 27 Feb. as Analysis on GBP/CAD, Target: 1.9022, Date: 1st of April, 12:00 GMT  in #Technical analysis #GBP/CAD #Range #Gbpcad
Indicators used:Stochastics (default setting)Bollinger bands (default setting)
I am expecting this pair to range or go higher.
Both currencies are strong and currently, there is not much activity on the pair for sometime.
I expect the range action to continue. Forecast price is 1.9022
The weekly chart is showing reversal signs, i expect the cad currency to show more gains in coming weeks and take the pair down.
The stochastic indicator has also crossed down on weekly chart, signalling possible c…
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GBPcad to drop!!

P3tr4 Posted 30 Jan. as Analysis on GBP/CAD, Target: 1.8560, Date: 2nd of March, 12:00 GMT  in #Technical analysis #GBP/CAD #Bearish #Gbpcad
The canadian dollar has been on the steady decline. Expecting some recovery from the gbpcad, my target is 1.8560
The British pound has shown a lot of resilience, but i see it dropping within the next few weeks.
for this scenario to happen, the Stochastic indicator has to go below 50. The pi managed to get to 1.93, next move is down in my humble opinion.
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Gbdcad to dip in jauary

P3tr4 Posted 12 Dec. as Analysis on GBP/CAD, Target: 1.7880, Date: 2nd of February, 12:00 GMT  in #Technical analysis #GBP/CAD #Bears #Gbpcad
The pair has been showing some gains, but i am expecting gbp decline. on the weekly charts, we see the pair steadily climbing and headed for the upper band line. After that target is hit, i expect a strong correction to 1.8.
This is more of a proactive analysis, because right now nothing points to the pair declining.
Although, on the monthly chart we see that the pair has been ranging, after testing the top of the range, it is logical to expect it to fall back to the bottom of the range.
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Bulls for the gbpcad

P3tr4 Posted 31 Oct. as Analysis on GBP/CAD, Target: 1.8400, Date: 1st of December, 12:00 GMT  in #Technical analysis #GBP/CAD #Bullish #Gbpcad
After testing a prominent support, expecting the gbpcad to start heading up.
I have marked prominent resistance levels price should test. My target is 1.84
price has been ranging on the monthly chart, i expect the pair to test the top of the range, and a possible breakout.
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Bears attack GBPCAD

P3tr4 Posted 30 Sep. as Analysis on GBP/CAD, Target: 1.7800, Date: 3rd of November, 12:00 GMT  in #Technical analysis #GBP/CAD #Bears #Gbpcad
So far the Canadian dollar has shown some resilience over the euro, but not so much against the pound. On the daily chart the pair is above the 20EMA and 200EMA, showing strong signs of bullishness.
I am expecting the CAD strength to continue with a possible test of the 1.78 area, which is a previous support, and possible turning point for upward momentum.
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2 Comments
Alexana5 avatar
Alexana5 30 Sep.

Thank you, good analysis.

P3tr4 avatar
P3tr4 30 Oct.

The pair has started a good decent, currently it is less than a 100 pips away from my target. The outlook is still very bearish, with the pair dropping for 3 days in a row.
I wonder where it will be by the 3rd of Nov...:)

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