A major contributing factor to the outlook for the Canadian Dollar (Loonie) is the realisation of Donald Trump’s plans for Border Adjusted Tax policy or BAT for short.
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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 le…
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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 …
Read more … →GBP/CAD continues to move up and down in a sideways range after an initial bullish rally from off of the mid-January lows.
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A broad-based bullish reversal appears to be taking place on the GBP/CAD pair.
Read more … →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 …
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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.
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