Browsing Tag

Canadian Dollar

GBP/USD and USD/CAD: US Dollar Showing Signs of Weakness

GBP/USD gained pace this past week and recovered above the 1.2700 resistance. USD/CAD declined steadily below 1.3300, signaling short term US Dollar weakness. Important Takeaways for GBP/USD and USD/CAD The British Pound started a decent recovery and recovered above 1.2700 and 1.2720. There is [Read more...]

GBP/USD and USD/CAD Signaling More Upsides

GBP/USD is slowly recovering and it is currently trading above 1.2680. USD/CAD is likely to resume its upward move above the 1.3550 and 1.3580 resistance levels. Important Takeaways for GBP/USD and USD/CAD The British Pound declined close to the 1.2600 area and recently started an upside [Read more...]

GBP/USD and USD/CAD Facing Crucial Hurdles

GBP/USD declined recently below the 1.3080 and 1.3050 support levels. USD/CAD tested the 1.3380 level and recently started a fresh increase above the 1.3410 level. Important Takeaways for GBP/USD and USD/CAD The British Pound declined heavily and even spiked below the 1.3000 support area. There [Read more...]

GBP/USD Recovering While USD/CAD Correcting Lower

GBP/USD declined close to 1.2860 and recently started an upside correction. USD/CAD climbed towards the 1.3500 level and it is currently correcting lower. Important Takeaways for GBP/USD and USD/CAD The British Pound declined heavily and tested the 1.2850-1.2860 support area. There is an [Read more...]

GBP/USD and USD/CAD Facing Significant Resistance

GBP/USD recently recovered, but struggled to clear the 1.3125-1.3130 resistance area. USD/CAD declined recently and it may continue to move down towards the 1.3285 support. Important Takeaways for GBP/USD and USD/CAD The British Pound faced a strong resistance on a few occasions near the 1.3130 [Read more...]

GBP/USD and USD/CAD At Risk of More Losses

GBP/USD declined sharply below the 1.3165 and 1.3085 support levels. USD/CAD also declined recently and broke the key 1.3400 support level to move into a bearish zone. Important Takeaways for GBP/USD and USD/CAD The British Pound failed to clear the 1.3260 resistance and later declined below [Read more...]

GBP/USD Surging, USD/CAD Facing Many Hurdles

GBP/USD climbed higher and settled above the 1.3210 resistance level. USD/CAD corrected higher, but it failed to break the key 1.3370 resistance area and later declined. Important Takeaways for GBP/USD and USD/CAD The British Pound gained bullish momentum and traded above the 1.3200 resistance [Read more...]

GBP/USD and USD/CAD Buyers In Full Control

GBP/USD rallied recently and broke the 1.3100 and 1.3250 resistance levels. USD/CAD traded above the key 1.3240 resistance to start a solid uptrend in the near term. Important Takeaways for GBP/USD and USD/CAD The British Pound climbed above the 1.3300 level before sellers appeared near the [Read more...]

GBP/USD Climbing Higher While USD/CAD Slides Further

GBP/USD recovered nicely and broke the 1.2840 and 1.2880 resistance levels. USD/CAD is under bearish pressure and it could revisit the 1.3200 support area. Important Takeaways for GBP/USD and USD/CAD The British Pound found support near 1.2770 and later recovered above the 1.2840 resistance. [Read more...]

GBP/USD and USD/CAD: Risk Of More Losses

GBP/USD struggled to stay above 1.3150 and declined recently. USD/CAD is under a lot of pressure below the 1.3120 and 1.3150 resistance levels. Important Takeaways for GBP/USD and USD/CAD The British Pound declined recently and tested the 1.3040-1.3050 support area. There are two bearish trend [Read more...]