📊 Weekly Analysis for GBP/CAD
🔍 Technical Outlook by Shaker Trading
✅ Bullish Structure in Play:
Breakout from Downward Channel (Weekly):
The pair has successfully broken out of a long-term descending channel, signaling a shift in market structure.
New Ascending Channel Formed (Weekly):
GBP/CAD is now trading within a rising price channel, confirming a strong bullish trend on the higher time frame.
Strong Bullish Trendline Support:
Price respects a clear ascending trendline, acting as dynamic support.
📌 Trading Outlook:
We expect a temporary correction toward the demand zones highlighted on the chart, followed by a continuation to the upside.
The bullish momentum is likely to remain in play unless major support levels are broken.
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🔍 Technical Outlook by Shaker Trading
✅ Bullish Structure in Play:
Breakout from Downward Channel (Weekly):
The pair has successfully broken out of a long-term descending channel, signaling a shift in market structure.
New Ascending Channel Formed (Weekly):
GBP/CAD is now trading within a rising price channel, confirming a strong bullish trend on the higher time frame.
Strong Bullish Trendline Support:
Price respects a clear ascending trendline, acting as dynamic support.
📌 Trading Outlook:
We expect a temporary correction toward the demand zones highlighted on the chart, followed by a continuation to the upside.
The bullish momentum is likely to remain in play unless major support levels are broken.
🔥 Copy Trading for Free
Let your capital work for you! Follow our top-performing strategies with zero fees or subscriptions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.