Thursday, June 30, 2022

GBPCAD Analysis:

GBPCAD hits the lower high area of the descending channel line in the daily timeframe chart.

gbpcad falling from the retest zone in the 1 hour timeframe chart
In the 1-hour timeframe – GBPCAD is falling from the retest zone.

After the confirmation of Downward movement, GBPCAD sell signal given.

GBPCAD Feb23 T1 on Feb23 520 Points 2

GBPCAD reached take profit target successfully


UK Pound: UK domestic data performed well and beat expectations

UK manufacturing PMI and Services PMI came higher than expected reading printed last day.

UK manufacturing PMI and Services PMI came higher than expected reading printed last day.

But GBPUSD shows weakness due to Brexit issues are in Talks between EU and UK Negotiator Liz Truss.

And EU side said That talks are not going well as per Brexit guidelines, so we continue to the next round of talks to end the Brexit issues.

And Geopolitical tensions are lined up, and the UN called Russia to engage in Diplomatic talks with the US.

Canadian Dollar: Oil prices higher support for Canadian Dollar

Canadian Dollar set to lower and US Dollar set to higher due to height of War tensions heat up.

And Russia has ordered Troops to Two breakaway regions from Ukraine to maintain the peace in the area.

Now other Countries have panicked about this Russian implementation in the East; the US Said Russia would infiltrate Ukraine anytime, so Be cautious in the Eastern Region and All over sides.

Russia has ordered Troops to Two breakaway regions from Ukraine to maintain the peace in the area.

And Russian Envoy to United Nations Vasily Neben Zya said During the emergency UN Security Council meeting that we remain open for a Diplomatic solution to reach a peace deal in Ukraine.

And Crude Oil extended higher after Russia ordered Russian Troops to maintain peace in Eastern Ukraine.


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