GBPCAD Analysis
GBPCAD is falling from the major high and recently broken the bottom area of the minor ascending channel
GBPCAD Update
GBPCAD has re-entered the minor ascending channel, which leads to the SL price. However, GBPCAD still have chances to to fall from the major high.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
Why GBP is Stronger
Ceasefire Relief – Israel-Iran ceasefire reduced demand for safe-haven USD.
Strong UK Data – Positive UK GDP, jobs, and services sector support GBP.
BoE Hawkishness – Bank of England likely to delay rate cuts vs. the Fed.
Global Risk-On Mood – Investors shifting to risk assets boosts GBP demand.
Why CAD is Weaker
Geopolitical Tensions – Rising global conflicts increase demand for safe-haven USD, hurting CAD.
Falling Oil Prices – As a commodity-linked currency, lower crude oil prices pressure the CAD.
Dovish Bank of Canada – Expectations of earlier rate cuts weigh on CAD value.
Risk-Off Sentiment – Market caution leads investors away from riskier currencies like CAD.
Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. It’s crucial to remain patient and wait for the next good opportunity signal.
We always want you to trade safe under all market conditions.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade signals at premium or supreme plan here: forexgdp.com/buy/
+2200% + 800% +400% +150% Growth in Live Real Trading account of our users, check here: https://www.forexgdp.com/realaccounts/
