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UK Pound to Canadian Dollar Rate: Tech Forecast Eyes Potential Breakout Higher

UK Pound to Canadian Dollar Rate: Tech Forecast Eyes Potential Breakout Higher


The GBP/CAD pair continues to move sideways under a trendline in the 1.65s forming a bull flag pattern in the process which is likely to breakout higher and rise roughly the same distance as the length of the ‘pole’.


Data:

Live British Pound to Canadian Dollar Exchange Rate(GBP/CAD) Interbank Conversion:

What is the British Pound to Canadian Dollar Rate Today?

The live GBP/CAD exchange rate is 1.6385
Change on Previous Day's Close +0.03%

How does Today’s Canadian Dollar Rate Compare with Previous Rates?

Today’s opening exchange rate is 1.6374
Today’s lowest exchange rate is 1.6337
Today’s best exchange rate is 1.64
Best exchange rate of the year-to-date is 1.9347 (2016-02-24)
The lowest exchange rate of the year-to-date is 1.5228 (2016-10-07)

News and Forecasts:

CAD

UK Pound to Canadian Dollar Rate: Tech Forecast Eyes Potential Breakout Higher

19 February, 2017 |

The GBP/CAD pair continues to move sideways under a trendline in the 1.65s forming a bull flag pattern in the process which is likely to breakout higher and rise roughly the same distance as the length of the ‘pole’.

CAD

Pound to Canadian Dollar Poised for Gains as Bull Flag Pattern Forms

16 February, 2017 |

 The pair has been pushing up against the trendline in the 1.65s and although it has been repulsed following successive attempts to break above, we still see a slight bias towards more upside and therefore an eventual break higher emerging.

CAD

UK Pound to Canadian Dollar Rate: Forecast and Data For the Next Five Days

12 February, 2017 |

GBP/CAD continues to move up and down in a sideways range after an initial bullish rally from off of the mid-January lows.

CAD

The Pound v Canadian Dollar Rate's Decline Could be Over as Major Basing Pattern Observed

08 February, 2017 |

 A broad-based bullish reversal appears to be taking place on the GBP/CAD pair.

CAD

The Pound to Canadian Dollar Rate Forecast for Coming Week

05 February, 2017 |

With much uncertainty plaguing the Pound and the Canadian Dollar potentially supported by what is expected to be strong employment and trade data in the coming week, the pair is marginally exposed to downside risks even though the technical indications are still slightly bullish.

CAD

Pound to Find More Upside Against Canadian Dollar Suggests Pennant Chart Pattern

01 February, 2017 |

The GBP/CAD exchange rate is showing a bullish flag shaped pattern which forecasts substantially higher rates, and a target in the vicinity of 1.71.

CAD

Outlook for Canadian Dollar Gloomy in 2017: Morgan Stanley

31 January, 2017 |

Analysts at Morgan Stanley expect the Canadian Dollar to weaken because markets are not adequately pricing in risks associated with Trade and the outlook for the economy.  

CAD

CIBC: Canadian Dollar one of Few Currencies to Weaken Against US Dollar in 2017

27 January, 2017 |

Analysts at CIBC Capital Markets in Toronto have told clients they predict the Canadian Dollar should trade with a negative bias in 2017.

CAD

Canadian Dollar a Sell Against Pound Sterling say Scotiabank Techs

26 January, 2017 |

The Pound is tipped to extend recent strength against the Canadian Dollar by a leading foreign exchange technical analyst.

CAD

Pound to Tipped to Fall Back Further Against Canadian Dollar as 1.66 is Met

24 January, 2017 |

The outlook for both the Canadian Dollar and the Pound are mixed due to a high degree of political uncertainty about the future.  

CAD

Pound / Canadian Dollar Outlook: This is Where GBP Strength Could become Apparent

20 January, 2017 |

Analyst Fawad Razaqzada at Forex.com believes it is against the Canadian Dollar where Pound Sterling could experience some decent gains.

Display # 
Title
UK Pound to Canadian Dollar Rate: Tech Forecast Eyes Potential Breakout Higher
Pound to Canadian Dollar Poised for Gains as Bull Flag Pattern Forms
UK Pound to Canadian Dollar Rate: Forecast and Data For the Next Five Days
The Pound v Canadian Dollar Rate's Decline Could be Over as Major Basing Pattern Observed
The Pound to Canadian Dollar Rate Forecast for Coming Week
Pound to Find More Upside Against Canadian Dollar Suggests Pennant Chart Pattern
Outlook for Canadian Dollar Gloomy in 2017: Morgan Stanley
GBP/CAD Forecast for the Next Five Days
CIBC: Canadian Dollar one of Few Currencies to Weaken Against US Dollar in 2017
Canadian Dollar a Sell Against Pound Sterling say Scotiabank Techs

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