GBP - BEARISH
1️⃣ Brexit negotiators will fail to agree anything in talks this week, thus missing the mid-November deadline to finalize a deal.
2️⃣ The unemployment rate in the UK increased to 4.8% in the third quarter of 2020, higher than 4.5% in the previous period and 3.9% a year earlier.
CAD - BULLISH
1️⃣ The CAD benefitted from the rising in oil prices amid coronavirus vaccine hopes.
2️⃣ Risk-On tone support the CAD.
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Technical
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We are looking to sell GBPCAD at the resistance on H1 to minimize the loss and maximize the profit.
1️⃣ Brexit negotiators will fail to agree anything in talks this week, thus missing the mid-November deadline to finalize a deal.
2️⃣ The unemployment rate in the UK increased to 4.8% in the third quarter of 2020, higher than 4.5% in the previous period and 3.9% a year earlier.
CAD - BULLISH
1️⃣ The CAD benefitted from the rising in oil prices amid coronavirus vaccine hopes.
2️⃣ Risk-On tone support the CAD.
=====
Technical
=====
We are looking to sell GBPCAD at the resistance on H1 to minimize the loss and maximize the profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.