The Pound to Canadian Dollar (Loonie) rose more than any other G10 Sterling pair last week, however, we now look to the charts for guidance on the week ahead.
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The Pound to Canadian Dollar pair has been moving roughly sideways since it peaked in mid-March.
Read more →The Pound to Canadian Dollar pair fell on Wednesday after the Bank of Canada (BOC) revised up its growth forecasts at its April rate meeting.
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GBP/CAD had been rising quite strongly at the end of March after a long period of sideways consolidation, however, it recently pulled back after peaking at 1.6893 at the end of March, will the uptr…
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The Pound has risen sharply versus the Canadian Dollar in recent weeks as Hard Brexit fears have eased.
Read more →The Pound was rising strongly against the Canadian Dollar until it stalled this week after concerns about the triggering of article 50, led to a pull-back, which, however, then reversed after the c…
Read more →The US Dollar tends to weaken and Oil tends to rise in the month of April, according to research by UBS.
Read more →The Pound to Canadian Dollar (Loonie) has broken above the 200-day moving average signalling a possible reversal of the long-term bearish trend assuming it can hold onto the break in the coming day…
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GBP/CAD has broken clearly out of its extended sideways range and moved higher, reaching the current 1.6731 highs.
Read more → GBP/CAD decides in which direction to move after long deliberation.
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The Canadian Dollar rose sharply after Canadian retail sales rose by 2.2% compared to the month before
Read more →The Pound to Canadian Dollar exchange rate has been consolidating within a fairly narrow range between 1.62 and 1.65 for several weeks now, but now it is starting to show signs of directional activ…
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The price of crude oil fell 9% last week as inventory data showed stockpiles rising whilst data from futures exchanges showed a record high number of long or buy positions.
Read more →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.
Read more → 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.
Read more →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…
Read more → 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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