GBPCAD Bullish

Analysis Price: 1.8463 (Updated: 16 November 2025, 16:41 UTC)

Comprehensive analysis for GBPCAD showing a predominantly bullish bias with 69% bullish consensus based on combined analytical factors. Market structure, technical patterns, and key levels examined across multiple timeframes.

Select Currency Pair

Signal Overview

Bullish High Confidence Medium Risk

Market Consensus:

69% Long

31% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a high confidence bullish bias for GBPCAD (signal strength: 38%). Supporting factors include: Technical patterns identified: Bullish Rectangle (H4); Retail sentiment is 63% bullish; GBP is showing relative strength against CAD (diff: 28%). Risk assessment for this trade is medium. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

LONG SHORT

63% 37%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bullish sentiment with 63% of traders holding long positions. The market has a positive bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 1.8522 0.32% ↑

Analysis Price: 1.8463

Support Levels

S1: 1.8348 0.62% ↓

Market Regime:

Range

Analyst Bias:

Unknown

Direction Probability:

60%

Price Position Analysis

Price is between support at 1.8348 (0.62% below analysis price) and resistance at 1.8522 (0.32% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

81%

Bearish Engulfing

Reliability:

81%

Detected: Nov 16, 11:10

76%

Rectangle

Reliability:

76%

Detected: Nov 15, 23:06

70%

Evening Star

Reliability:

70%

Detected: Nov 15, 23:51

Pattern Analysis Interpretation

Predominantly bearish patterns detected across timeframes, suggesting downward pressure. The most reliable pattern is a bearish Bearish Engulfing on the H1 timeframe with 81% historical reliability. Multiple timeframes showing pattern confirmation increases the reliability of the signal.

High Probability Zones

Support Zone

95%

Zone Level:

1.8084

analysis price:

1.8463

Distance:

2.05%

Confluence Factors:

Inverse Head and Shoulders 127% Extension

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

95%

Zone Level:

1.8470

analysis price:

1.8463

Distance:

0.03%

Confluence Factors:

Bearish Engulfing 38% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

95%

Zone Level:

1.8470

analysis price:

1.8463

Distance:

0.03%

Confluence Factors:

Double Top 38% Retracement

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

A high probability (95%) support zone exists at 1.8084, currently 2.05% away from price. Keep this level on watch for potential future buying opportunities if price moves lower.

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):

54.0

Volatility Regime:

Low

Volatility Level:

10-Day ATR Trend

Volatility Interpretation (H1)

GBPCAD is exhibiting low volatility (6 percentile) with an expected daily range of just 54.0 pips. 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

GBPAUD

0.88

GBPUSD

0.86

GBPNZD

0.79

CADJPY

-0.72

EURCAD

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: GBPAUD, GBPUSD, GBPNZD, 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.

GBPCAD shows strong negative correlation with: CADJPY. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

GBP

0.35

Strong

CAD

0.13

Neutral

Relative Strength:

0.22

Neutral Bias

Currency Strength Interpretation (M15)

GBP is moderately stronger than CAD on the M15 timeframe, with a relative strength of 0.22. This suggests a mild bullish bias for GBPCAD. Monitor for additional confirmation signals before entering a long position.

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.