Weekly Market Analysis: USD/CAD & GBP/CAD

Hello Traders,

let’s hit them charts:

1. USD/CAD

After price on the USD/CAD spent the whole of last week ranging, we finally saw a clean bullish breakout as the market drew to a close

This week there is a possibility that we could see 100 to 200 pips move

 

2. GBP/CAD 

GBP/NZD is a trade I took on Thursday, and I am still holding

Though there was a retracement on Friday due to some high impact news on GBP, the third support zone still looks viable, and the stochastic and 200 ma gives us additional confirmation that we are most likely going to buyers push price this week by 150 to 250 pips

What say you?

Note:

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