GBPCAD Bullish

Analysis Price: 1.8587 (Updated: 16 February 2026, 22:23 UTC)

Comprehensive analysis for GBPCAD showing a predominantly bullish bias with 72% bullish consensus based on combined analytical factors. Raw trader sentiment shows 36% long, 64% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

Select Currency Pair

Signal Overview

Bullish Medium Confidence Medium Risk

Market Consensus:

72% Long

28% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for GBPCAD (signal strength: 44%). Supporting factors include: High probability (95%) support zone detected at 1.8500. Contradicting factors: GBP is showing relative weakness against CAD (diff: 44%); Retail sentiment is 64% bearish. Risk assessment for this trade is medium. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (36% long / 64% short). The overall bullish bias (72%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

36% 64%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 64% of traders holding short positions. The market has a negative bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 1.8618 0.17% ↑

Analysis Price: 1.8587

Support Levels

S1: 1.8487 0.54% ↓

Market Regime:

Range

Analyst Bias:

Unknown

Direction Probability:

55%

Price Position Analysis

Price is currently near resistance at 1.8618 (0.17% above analysis price) with support at 1.8487 (0.54% below). This position near resistance could present a potential selling opportunity with a favorable risk-reward ratio.

Chart Pattern Analysis

64%

Symmetric Triangle

Reliability:

64%

Detected: Feb 16, 08:23

54%

Double Bottom

Reliability:

54%

Detected: Feb 16, 05:10

Pattern Analysis Interpretation

Mixed pattern signals detected, suggesting conflicting technical factors. The most reliable pattern is a neutral Symmetric Triangle on the D1 timeframe with 64% historical reliability. This pattern is currently only confirmed on the D1 timeframe.

High Probability Zones

Support Zone

95%

Zone Level:

1.8224

analysis price:

1.8587

Distance:

1.95%

Confluence Factors:

Inverse Head and Shoulders 162% Extension

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

88%

Zone Level:

1.9000

analysis price:

1.8587

Distance:

2.22%

Confluence Factors:

Bearish Engulfing 38.2% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

85%

Zone Level:

1.8862

analysis price:

1.8587

Distance:

1.48%

Confluence Factors:

Evening Star 162% Extension Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is approaching a high probability (95%) support zone at 1.8224, currently 1.95% away. Consider preparing a buy strategy as price approaches this level, watching for confirmation signals.

Multiple high probability zones exist for this pair, indicating a well-structured technical environment with clear levels for trading decisions.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

69.0

Volatility Regime:

Normal

Volatility Level:

44%

10-Day ATR Trend

Volatility Interpretation (H1)

GBPCAD is showing normal volatility (44 percentile) with an expected daily range of 69.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with GBPCAD

AUDCAD

0.86

EURCAD

0.81

GBPCHF

0.79

USDCAD

0.75

NZDCAD

0.71

Correlation Interpretation

Understanding how GBPCAD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

GBPCAD shows strong positive correlation with: AUDCAD, EURCAD, GBPCHF, USDCAD, NZDCAD. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

Currency Strength Analysis

Select Timeframe:

GBP

0.61

Strong

CAD

-0.11

Neutral

Relative Strength:

0.72

Bullish Bias

Currency Strength Interpretation (M15)

GBP is significantly stronger than CAD on the M15 timeframe, with a relative strength of 0.72. This suggests a strong bullish bias for GBPCAD. However, this bias is primarily driven by the strength of GBP.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on GBPCAD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.