Concerning the near-term outlook, the exchange rate has now formed a possible double bottom reversal pattern at the lows which could signal a reversal of the downtrend if it results in activation b…
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We look to the weekly chart form inspiration on the Pound to Canadian Dollar Pair, which has just broken above a key long-term trendline in a bullish move higher.
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The Canadian Dollar is expected to weaken versus all its major trading partners over the next two years, according to analysts’ predictions at Investment Bank CIBC Capital markets.
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The Canadian Dollar could benefit against the US Dollar on month-end flows while against the British Pound and the Euro it retains a mild bullish tone.
Read more … → 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 …
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