Free Morning Sentiment Digest: forex sentiment and new articles, in your inbox before the open. Free morning digest, every weekday.
SUBSCRIBE FREE

GBP/CAD Analysis

Signal: Bearish
Market price1.88522Fri 13 Nov, 21:55 UTC · market closed
Analysis Price1.8857313 Nov, 21:18 UTC

The signal, the levels and the zones on this page were built on the Analysis Price; the market price is where the pair trades right now.

Comprehensive analysis for GBPCAD showing a tentative bearish bias (low confidence) with 60% bearish signal balance across the weighted factors. Market structure, technical patterns, and key levels examined across multiple timeframes.

AI analyst comment AI market analysis · updated 21:18 UTC · refreshed every 3 hours

GBPCAD's higher-low structure from 1.86071 peaked at 1.89963 on Nov 10. The pair has since pulled back for three sessions, closing at 1.88566. RSI at 54 holds above the midline and MACD remains positive above its signal, so the dip still looks corrective. Retail is split 48/52, giving no contrarian input. The 1.88304 Friday low and the 1.87948 pivot keep the uptrend intact. A close above 1.89067 would restart it, while a loss of 1.87365 would flip the structure bearish.

Signal Overview

Bearish Low Confidence Low Volatility
Signal Balance:
40% Long
60% Short
Signal strength 20%
Factor agreement 71% of weight
Factor detail
Strength 10%
Patterns 20%
S/R 29%
HP Zones 42%
Sentiment retail positioning too balanced to count (48% long) —

Signal Analysis:

The analysis indicates a low confidence bearish bias for GBPCAD (signal strength: 20%). Supporting factors include: High probability (79%) resistance zone detected at 1.88799; Technical patterns identified: Evening Star (D1). Contradicting factors: Price sits between support at 1.88304 (0.14% below) and resistance at 1.88799 (0.12% above) with no clear edge; the analysis reads the structure as bullish. Volatility on this pair is currently low.

AI Daily Forecast

Last plan, Fri 13 Nov 2026 · window closed Fri 21:00 UTC · written 12 Nov, 23:34 UTC · not every pair gets one

NO PLAN The AI reads GBPCAD as directionless for this session, so it publishes no entry, stop or target.

Three lower closes into the 1.88496 support, with oil firming on Iran headlines supporting CAD, leave the pullback without a clear edge. The 1.89067 target offers only about 1.1R.

Not the signal above, which is a score refreshed every three hours: this plan is written once a night, for one session. The full board.

Sentiment Analysis

LONG SHORT
48% 52%

Historical Sentiment

Sentiment Interpretation

Retail positioning is balanced (48% long). Up to 60% on either side it carries no weight in our signals, and a balanced reading says nothing about the next move.

By currencyGBP and CAD against the other majors · updated 13 Nov, 21:00 UTC
GBPBritish pound59% short41% longBalanced7d+5
CADCanadian dollar54% short46% longBalanced7d−6

Neither currency is crowded against the rest of the majors (GBP 41% long on average, CAD 46%): the 52% short on GBP/CAD is specific to this pair, not part of a wider lean.

All 8 currencies

Price and retail positioning

The same retail long % as above, over the whole archive and drawn against the price. Candles from 15 minutes to monthly.

Retail
Open GBP/CAD on TradingViewCharts drawn with TradingView Lightweight Charts™ · Copyright (с) 2025 TradingView, Inc. Daily candles from our broker price feed, 2 October 2023 to 13 November 2026 (bid prices; the day closes at 17:00 New York); weekly and monthly candles are built from them. Drag to pan; scroll, drag the time axis or pinch to zoom. On a touch screen, drag the price scale with one finger to move the chart up or down, with two to stretch it, and double-tap it to reset. The 15-minute, hourly and four-hour candles come from the same feed and load when you pick them; older ones load by themselves as you scroll left, back to the start of the archive. Four-hour candles open at 17:00, 21:00, 01:00, 05:00, 09:00 and 13:00 New York, as on TradingView. Their last candle is still forming and refreshes about every minute while the view is open. On those views the retail positioning is drawn as steps: it is a snapshot every 3 hours, not a minute-by-minute reading. Retail positioning: daily snapshots since 12 May 2025, 494 so far · latest 48% long at 13 Nov 21:00 UTC; on the weekly and monthly views it is the average of the trading days. From 60% on one side it counts as crowded and from 75% as extreme, the same three states the Trade Panel shows. The positioning is refreshed every 3 hours on weekdays, not real-time.

Want this retail positioning on your MT5 charts? The Trade Panel puts it inside MetaTrader 5 for all 29 markets, next to our signal and the AI plan of the day, and the Chart Panel, new in 1.8, draws them on the chart you trade. One license covers both panels.

Discover the panel

Support & Resistance Analysis

Arithmetic pivots for this pair are pre-filled in the GBPCAD pivot point calculator.

Analysis Price: 1.88573
Market price now1.88522Fri 13 Nov, 21:55 UTC · market closed

Between S1 1.88304 (21.8 pips below) and R1 1.88799 (27.7 pips above)

Resistance Levels

R1: 1.88799 0.12% ↑
R2: 1.89067 0.26% ↑
R3: 1.89963 0.74% ↑

Support Levels

S1: 1.88304 0.14% ↓
S2: 1.87948 0.33% ↓
S3: 1.87365 0.64% ↓
Market Regime:
Uptrend
AI Bias:
Bullish

Price Position Analysis

Price is between support at 1.88304 (0.14% below analysis price) and resistance at 1.88799 (0.12% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

H1
50%
Doji
Reliability:
Detected: Nov 13, 21:00 UTC · last closed bar
D1
71%
Evening Star
Reliability:
Detected: Nov 11 · 2 D1 bars ago
H1
50%
Doji
Reliability:
Detected: Nov 13, 19:00 UTC · 2 H1 bars ago
D1
50%
Doji
Reliability:
Detected: Nov 6 · 5 D1 bars ago · fading

Pattern Analysis Interpretation

Predominantly bearish patterns detected across timeframes, suggesting downward pressure. The most relevant formation right now is a neutral Doji on H1, documented at 50% historical reliability for that pattern type and printed on the last closed bar. This reading currently appears on the H1 timeframe only.

High Probability Zones

Resistance Zone
79%
Zone Band (2 levels):
1.88799 – 1.89067
Analysis Price:
1.88573
Distance:
0.12%
Market price now1.88522Fri 13 Nov, 21:55 UTC · market closed

27.7 pips below the zone

Confluence Factors:
Evening Star 76.4% Retracement Round Number 4× tested (30d)
Support Zone
56%
Zone Level:
1.87948
Analysis Price:
1.88573
Distance:
0.33%
Market price now1.88522Fri 13 Nov, 21:55 UTC · market closed

57.4 pips above the zone

Confluence Factors:
5× tested (30d)
Resistance Zone
56%
Zone Level:
1.89963
Analysis Price:
1.88573
Distance:
0.74%
Market price now1.88522Fri 13 Nov, 21:55 UTC · market closed

144.1 pips below the zone

Confluence Factors:
Round Number 1× tested (30d)
Support Zone
54%
Zone Level:
1.87365
Analysis Price:
1.88573
Distance:
0.64%
Market price now1.88522Fri 13 Nov, 21:55 UTC · market closed

115.7 pips above the zone

Confluence Factors:
3× tested (30d)
Support Zone
54%
Zone Level:
1.88304
Analysis Price:
1.88573
Distance:
0.14%
Market price now1.88522Fri 13 Nov, 21:55 UTC · market closed

21.8 pips above the zone

Confluence Factors:
3× tested (30d)

High Probability Zones Interpretation

Price is sitting right on the strongest resistance zone we scored for this pair, at 1.88799 (confluence score 79%). The score comes from 4 factors converging here: a evening star formed at the level, a 76.4% retracement of the 30-day range, a psychological round number and 4 distinct tests in the last 30 days.

5 zones were scored for this pair: 3 below the analysis price and 2 above it.

Volatility Analysis

Select Timeframe:
Daily Range (pips):
81.8
Volatility Regime:
Low
Volatility Level:
13%
10-Day ATR Trend

Volatility Interpretation (D1)

GBPCAD is exhibiting low volatility (13 percentile) with an expected range of just 81.8 pips per session. This reduced movement typically indicates consolidation or indecision in the market. Consider tighter stop losses but be aware that breakout potential increases after periods of low volatility.

Correlation Analysis

Top Correlations with GBPCAD

EURCAD
0.86
GBPUSD
0.62
NZDCAD
0.62
EURUSD
0.58
CADCHF
-0.57

Correlation Interpretation

GBPCAD shows strong positive correlation with: EURCAD. 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:

Weighted across timeframes the way our signal reads it (daily counts most), GBP vs CAD comes out at -0.09 — neutral for GBPCAD. Individual tabs can disagree with it: shorter windows swing more.

GBP
-0.05
Neutral
vs
CAD
-0.06
Neutral
Relative Strength:
0.01
Neutral Bias

Currency Strength Interpretation (D1)

GBP and CAD show similar strength levels on the D1 timeframe, with a relative strength of 0.01. This indicates a neutral bias for GBPCAD and suggests range-bound trading conditions may be more likely.

How to Use This Analysis

The Signal Overview at the top weighs five of the readings above into one score, and the setups worth acting on are the ones where the factors that voted agree. Every pair ranked: Signals. Today's plans: Daily Forecast.

ChartJudge: an AI second opinion on your chart

Paste the chart you are looking at and get the trend, the key levels, bull and bear scenarios and a plan with entry, stop and two targets, or the setups worth waiting for. Behind every analysis on 29 markets is the Forex Sentiment engine: retail positioning, the five-factor signal, levels on real prices and the calendar. Free to try with a verified email, no card needed.

Analyze a chart free
ForexSentiment App
ForexSentiment Forex Sentiment & AI Signals
App Store Google Play