CAD Pairs Market Analysis and Trade Setups

GBPCAD- Daily Market Review
Bias: Bearish
Technical Outlook: Bearish Descending Channel
Analysis TF: D1/4hr/1hr

Idea/Approach: On Monday, price started with a jump creating a weekly gap at the 1.8800 price level. price continued the rally to the resistance at the 1.8900-1.8920 zone.
Expecting price to return and fill up the weekly gap before the week runs out.

GBPCAD-On Tuesday, price continued the rally started on Monday and pushed to the Resistance zone at 1.8900-1.8920. This Zone acts as a confluence point between the Supply zone, Trendline resistance touch and a Key reaction Level; thus price couldn't break through but retreated from the confluence point, closing nearly below Monday's high.

GBPCAD- Yesterday, price attempted a rally back to the confluence point at the 1.8900 during the Asian session, but might a strong resistance from the bears that eventually overpowered the buyers closing the day bullish nearly below Tuesday's Low.

GBPCAD- Price continued the sells from yesterday today with intentions of filling up the weekly gap created on Monday at the 1.8800 price level which has acted as support for buyers before.

GBPCAD- Intraday Setup
Bias: Bearish
Technical Outlook: Bearish Descending Channel
Idea/Approach: A break below the intraday support level at the 1.8844 price level will flip the zone to a resistance, giving entries for sell continuations, within the 4hr bullish channel.

GBPCAD- Daily Update
Bias: Bearish
Technical Outlook: Bearish Descending Channel

Intraday Analysis: On the daily, price has been struggling to trade and close above 1.8770 price level which acts as a key resistance level and a strong supply level. The week has been seeing multiple rejections at the price level signifying possible weakness of buyers and strong opposition from sellers at the region.

GBPCAD- I'm watching out to see if price will drop for a break below 1.8717 to fully confirm it wants to continue down for sells.

GBPCAD- On 4hr, price is confined within a bullish channel which is one of the reasons the sells are proving difficult from the Supply zone.
Invalidation of this zone will confirm that sellers have finally overpowered buyers. But at the moment it shows buyers are still actively present and ready to keep driving price upwards.

GBPCAD- On 4hr, price is confined within a bullish channel which is one of the reasons the sells are proving difficult from the Supply zone.
Invalidation of this zone will confirm that sellers have finally overpowered buyers. But at the moment it shows buyers are still actively present and ready to keep driving price upwards.

GBPCAD- Daily Update (Thurs 17th Sept 2026)
Trend: Bullish
Bias: bearish
Technical Outlook: Bearish Descending Channel

Intraday Analysis: Yesterday, Price turned bearish in New York session, despite starting with strong buys from Asian session through London session.
I sold from 1.8770 price level, with SL at 1.8791 and I took profit at 1.8726, but my original TP was at 1.8594.

GBPCAD- Daily Update (Thurs 17th Sept 2026)
Trend: Bullish
Bias: bearish
Technical Outlook: Bearish Descending Channel

Intraday Analysis: Yesterday, Price turned bearish in New York session, despite starting with strong buys from Asian session through London session.
I sold from 1.8770 price level, with SL at 1.8791 and I took profit at 1.8726, but my original TP was at 1.8594.

GBPCAD-
Intraday Analysis: today, price started with buys, rallying back to 1.8750 price level after breaking out of the intraday bullish channel yesterday and selling aggressively.
On the current 4hr, price continued the sells after making the retest of the trend support as a resistance and continued the drop.

GBPCAD-
Intraday Analysis: today, price started with buys, rallying back to 1.8750 price level after breaking out of the intraday bullish channel yesterday and selling aggressively.
On the current 4hr, price continued the sells after making the retest of the trend support as a resistance and continued the drop.

GBPCAD-
Intraday Analysis: today, price started with buys, rallying back to 1.8750 price level after breaking out of the intraday bullish channel yesterday and selling aggressively.
On the current 4hr, price continued the sells after making the retest of the trend support as a resistance and continued the drop.

GBPCAD- Trade Setup
Trade Type: Short
Execution: Pending order on confirmation
Entry: 1.8718
SL-1.8763
TP-1.8602

Comment: I'll be waiting for a full break below 1.8717 price level before executing the sells. This rising wedge pattern that formed on 1hr is a bearish reversal pattern that shows trend reversal from bullish to bearish.

The pattern looks convincing for a sell but still be cautious

GBPCAD- Trade Setup
Trade Type: Short
Execution: Pending order on confirmation
Entry: 1.8718
SL-1.8763
TP-1.8602

Comment: I'll be waiting for a full break below 1.8717 price level before executing the sells. This rising wedge pattern that formed on 1hr is a bearish reversal pattern that shows trend reversal from bullish to bearish.