GBPCAD - Bearish Bias
🇬🇧 GBP - Strong Bearish
1️⃣ The GBP is under pressure amid the fisheries crisis in Northern Ireland, although the UK will reportedly share a negotiation document on the protocol with the EU Commission this week.
2️⃣ Risk-off sentiment weighing on the GBP.
🇨🇦 CAD - Strong Bullish
1️⃣ The CAD commodity-linked currency continued to be supported after crude oil prices hit a 7-year high of $ 80.31.
2️⃣ In August, Canada’s trade surplus increased to CAD 1.94 billion, from CAD 0.74 billion in the previous month, and surpassed the market forecast of a CAD surplus of 0.43 billion.
3️⃣ The economy in Canada added as many as 157K jobs in September, easily beating market expectations for 65K growth. Meanwhile, the unemployment rate fell to 6.9% from 7.1% in the previous month, in line with market forecasts.
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Technical
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We are selling the GBPCAD after it failed to break the resistance levels.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ The GBP is under pressure amid the fisheries crisis in Northern Ireland, although the UK will reportedly share a negotiation document on the protocol with the EU Commission this week.
2️⃣ Risk-off sentiment weighing on the GBP.
🇨🇦 CAD - Strong Bullish
1️⃣ The CAD commodity-linked currency continued to be supported after crude oil prices hit a 7-year high of $ 80.31.
2️⃣ In August, Canada’s trade surplus increased to CAD 1.94 billion, from CAD 0.74 billion in the previous month, and surpassed the market forecast of a CAD surplus of 0.43 billion.
3️⃣ The economy in Canada added as many as 157K jobs in September, easily beating market expectations for 65K growth. Meanwhile, the unemployment rate fell to 6.9% from 7.1% in the previous month, in line with market forecasts.
=====
Technical
=====
We are selling the GBPCAD after it failed to break the resistance levels.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Dagangan aktif
Dagangan ditutup secara manual
✅ Close Manually at 1.69250+35 PIPS
Close order before US close.
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.