Oanda Senior Market Analyst Craig Erlam takes note of the head and shoulders bearish reversal pattern on the GBP/CAD and discusses the technical outlook for the same along with the key level to watch out for in the short-term.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Craig Erlam
Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Latest posts by Craig Erlam (see all)
- Oil vulnerable, gold back below 1800 - 26 October 2021
- Earnings lift equity markets - 26 October 2021
- GBP/USD – Bullish breakout or correction over? - 25 October 2021