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Message: [QUOTE="Capitalcore, post: 240515, member: 124008"] [b]GBPCAD Forex Pair Overview[/b] The GBPCAD currency pair represents the exchange rate between the British Pound (GBP) and the Canadian Dollar (CAD), often referred to as "Loonie" for the CAD. It is an essential currency pair in the forex market, reflecting the economic conditions of both the United Kingdom and Canada. The pair is sensitive to geopolitical events, oil price fluctuations (since Canada is a major oil exporter), and economic data releases from both nations. Today's economic data will likely impact the GBPCAD pair, as both the UK and Canadian economies release key indicators. The GBP is set to release the Claimant Count Change, Average Earnings Index, and Unemployment Rate, which are expected to show a slight uptick in earnings and stable employment. These figures should support the strength of the Pound in the short term. On the other hand, the CAD will publish its Consumer Price Index (CPI) data, with the m/m change expected to show deflationary pressures (-0.7% vs 0.0% forecast). A weaker CPI might indicate cooling inflation in Canada, potentially weakening the Loonie. As such, GBPCAD could see volatility depending on these releases, with traders paying close attention to inflation data from Canada and employment figures from the UK. [img]https://capitalcore.com/wp-content/uploads/2025/01/GBPCAD-H4-Capitalcore-1024x524.webp[/img] [b]Chart Notes: • Chart time-zone is UTC (+02:00) • Candles’ time-frame is 4h.[/b] Looking at the GBPCAD H4 chart, the price has recently started a bullish move and is currently touching the Ichimoku Cloud. However, there are signs that the bullish momentum may be fading. The Ichimoku Cloud is currently red, indicating that the market is in a bearish phase, and this could reverse the recent upward movement. The MACD is showing negative divergence, as the price is rising while the indicator is trending lower, a typical sign of weakening bullish momentum. This divergence suggests that the market could be nearing a peak and might reverse into a bearish phase. Traders should be cautious, as the price's interaction with the cloud could signal the start of a potential bearish trend. [b]• DISCLAIMER:[/b] Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. [b]Capitalcore[/b] [/QUOTE]

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