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Weekly forecast British Pound / Canadian Dollar technical chart
Symbol GBPCAD
Trade Setup

#GBPCAD
Total Profit: 2753 pip
Closed trade(s): 449 pip Profit
Open trade(s): 2304 pip Profit

Trade Setup:
We opened 11 SELL trades @ 1.87382 based on 'Peak' entry method at 2025-10-21.

Closed Profit:
TP1 @ 1.86229 touched at 2025-10-24 with 115 pip Profit.
TP2 @ 1.84035 touched at 2025-10-29 with 334 pip Profit.
115 + 334 = 449 pip

Open Profit:
Profit for one SELL trade is 1.87382(open price) - 1.84818(current price) = 256 pip
9 trade(s) still open, therefore total profit for open trade(s) is 256 x 9 = 2304 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJanuary 3, 2026 - 08:55
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.89120, beginning of downtrend is expected.
  • We make sure when the support at 1.82300 breaks.
  • If the resistance at 1.89120 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.86665 on 12/04/2025, so more losses to support(s) 1.84034 and minimum to Major Support (1.82300) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 51.

Take Profits:

  1. 1.86229
  2. 1.84034
  3. 1.82300
  4. 1.79795
  5. 1.78441
  6. 1.76760
  7. 1.74500
  8. 1.72705
  9. 1.70778
  10. 1.68855
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Canadian Dollar (GBPCAD) Sat, 31 Oct 2026
British Pound / Canadian Dollar (GBPCAD) Sat, 24 Oct 2026
British Pound / Canadian Dollar (GBPCAD) Sat, 17 Oct 2026
British Pound / Canadian Dollar (GBPCAD) Sat, 10 Oct 2026
British Pound / Canadian Dollar (GBPCAD) Sat, 3 Oct 2026
History
Daily-Trading-Opportunities on GBPCAD.