- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- GBP/CAD Price Analysis: Justifies bearish spinning top below 1.70, UK Retail Sales eyed
GBP/CAD Price Analysis: Justifies bearish spinning top below 1.70, UK Retail Sales eyed
- GBP/CAD extends pullback from 50-day EMA towards previous resistance line.
- Bullish MACD signals test further weakness, 200-day EMA and late-September levels challenge buyers.
- UK Retail Sales are likely to reverse previous contraction on MoM, which could fuel BOE rate hike concerns.
- GBP/USD awaits Brexit talks, UK Retail Sales as bulls battle 1.3500 hurdle
GBP/CAD remains on the back foot, mildly offered around 1.6990 during early Friday.
The cross-currency pair refreshed monthly high the previous day before stepping back from the 50-day EMA. In doing so, a bearish spinning top candlestick could be observed on the daily timeframe, suggesting further weakness of the quote.
However, a seven-week-old previous resistance line near 1.6970 restricts immediate declines of the pair.
Also acting as a downside filter is October’s low close to 1.6890, a break of which will direct the quote towards the yearly bottom surrounding 1.6720.
Alternatively, a daily closing past 50-day EMA, around 1.7040, will need validation from 1.7090 level to aim for the 1.7190-7200 resistance area including 200-day EMA and multiple tops marked during late September and October-start.
Should the GBP/CAD bulls remain dominant beyond 1.7200, late August month’s lows near 1.7275 will be in focus.
GBP/CAD: Daily chart
Trend: Pullback expected
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
