Running a business can come with great rewards, but it’s not without risk – something businesses in the UK have become all too familiar with in recent years. Living through unpre… Read More
Hourly Update
(Last Updated July 13, 2022 1:40 GMT)
At the moment, GBPCAD’s rate is up 6 pips (0.04%) from the hour prior. This move is a reversal from the hour prior, which saw pric… Read More
GBPCAD through us for a loop recently. On July 28th I mentioned the consolidation pattern that had emerged amid a massive head and shoulders reversal on the weekly chart. The consolidation I… Read More
Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. Yesterday… Read More
This past Tuesday when the GBPCAD was trading near 1.6130 I commented on the idea that the pair could find selling pressure at 1.6207. This area had a significant influence on price action i… Read More
With equity markets selling off, investors are wonder whether this is it. Has the bill finally come due? Has the gradual build up of risks finally taken its toll on investors? Or, as we&rsq… Read More
It’s no secret that the Canadian dollar has been outpacing its counterparts of late. On Tuesday, I mentioned an area on GBPCAD that was likely to accelerate selling pressure if br… Read More