章節 27  Is GBPCAD keep going up?

12/04/2023

Summary

Canada's unchanged interest rate decision leads the market

Fundamental analysis

Fundamentally on this pair of GBPCAD, we have high-impact news data that has been released  in Canada's unchanged interest rate decision leads the market at 4.5% this result will make the Canadian dollar weaker on the other hand tomorrow we have high-impact news in the United Kingdom 3 Month GDP Estimate with the neutral expectation which will keep the GBP strong.  

Canada's interest rate decision

Previous 4.5%

Actual 4.5%

Is GBPCAD keep going up? -第1張圖

UK 3 Month GDP Estimate MoM

Previous 0%

Expected 0%

Is GBPCAD keep going up? -第2張圖



Technical analysis

In this 1-hour diagram chart, the market price now is 1.67767, we expect the market to push the price up to the previous supply zone at 1.68000 and then expect the price to break this supply zone and pull back to it from there we expect the price to push stronger to the upside to oldest supply zone at 1.96000 creating channel up with the higher low and higher high formation with 20 moving average pointing up.



Trading Recommendation

Trading Direction: Long

Entry Price: 1.67987

Target Price: 1.68980

Stop Loss: 1.67475

Is GBPCAD keep going up? -第3張圖

關於我們 用戶協議隱私權政策風險披露認證協議社群規範 幫助中心 意見回饋
App Store Android

風險披露

金融工具交易屬於高風險投資活動,有導致部分或全部投資本金損失的風險,可能不適合所有投資者。本網站所包含的任何觀點、聊天訊息、通知、新聞資訊、研究調查、分析、價格或其他訊息都是作為一般市場訊息提供的,僅供教育和娛樂之用,並不構成投資建議。所有的觀點、市場行情、推薦或任何其他內容可能隨時會改變,恕不另行通知。Trading.live對因使用或根據這些訊息而直接或間接造成的任何損失概不負責。

© 2024 Tradinglive Limited. All Rights Reserved.