GBP/CAD - 1H - Technical analysis published on 04/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
39%
17%
My opinion
Bearish under 1.6711 CAD
My targets
1.6434 CAD (-0.0145)
1.6288 CAD (-0.0291)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CAD as long as the price remains well below 1.6711 CAD. The sellers' bearish objective is set at 1.6434 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6288 CAD. In case of crossing, the next objective would be the support located at 1.6095 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD rating is 1.6579 CAD. On the day, this instrument lost -0.12% with the lowest point at 1.6562 CAD and the highest point at 1.6607 CAD. The deviation from the price is +0.10% for the low point and -0.17% for the high point.1.6562
1.6607
1.6579
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CAD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 3 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5423 | 1.5881 | 1.6095 | 1.6579 | 1.6711 | 1.6744 | 1.6773 |
| Change (%) | -6.97% | -4.21% | -2.92% | - | +0.80% | +1.00% | +1.17% |
| Change | -0.1156 | -0.0698 | -0.0484 | - | +0.0132 | +0.0165 | +0.0194 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6416 | 1.6498 | 1.6549 | 1.6631 | 1.6682 | 1.6764 | 1.6815 |
| Camarilla | 1.6562 | 1.6575 | 1.6587 | 1.6599 | 1.6611 | 1.6623 | 1.6636 |
| Woodie | 1.6400 | 1.6490 | 1.6533 | 1.6623 | 1.6666 | 1.6756 | 1.6799 |
| Fibonacci | 1.6498 | 1.6549 | 1.6581 | 1.6631 | 1.6682 | 1.6714 | 1.6764 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6288 | 1.6434 | 1.6517 | 1.6663 | 1.6746 | 1.6892 | 1.6975 |
| Camarilla | 1.6536 | 1.6557 | 1.6578 | 1.6599 | 1.6620 | 1.6641 | 1.6662 |
| Woodie | 1.6256 | 1.6418 | 1.6485 | 1.6647 | 1.6714 | 1.6876 | 1.6943 |
| Fibonacci | 1.6434 | 1.6522 | 1.6576 | 1.6663 | 1.6751 | 1.6805 | 1.6892 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5679 | 1.5957 | 1.6316 | 1.6594 | 1.6953 | 1.7231 | 1.7590 |
| Camarilla | 1.6500 | 1.6558 | 1.6617 | 1.6675 | 1.6733 | 1.6792 | 1.6850 |
| Woodie | 1.5720 | 1.5977 | 1.6357 | 1.6614 | 1.6994 | 1.7251 | 1.7631 |
| Fibonacci | 1.5957 | 1.6200 | 1.6351 | 1.6594 | 1.6837 | 1.6988 | 1.7231 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.59 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -17.3924 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.6562 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6592 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.6625 | |
| Zig ZAG (10): | 1.6576 | |
| VORTEX (21): | 0.8207 | |
| Stochastique (14,3,5): | 23.80 | |
| TEMA (21): | 1.6559 | |
| Williams %R (14): | -72.00 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | 0.0130 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0279 | |
| Courbe Coppock: | 0.54 |
| MA7: | 1.6703 | |
| MA20: | 1.6744 | |
| MA50: | 1.6519 | |
| MA100: | 1.6487 | |
| MAexp7: | 1.6578 | |
| MAexp20: | 1.6601 | |
| MAexp50: | 1.6652 | |
| MAexp100: | 1.6690 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -0.99% | |
| Price / MA50: | +0.36% | |
| Price / MA100: | +0.56% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.67% |
Quotes :
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Real time data
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Forex
News
The last news published on GBP/CAD at the time of the generation of this analysis was as follows:
-
GBPCAD Sports a Trend That Belies Uncertainty and High Risk of Volatility (Quick Take Video)
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Webinar: Central Bank Weekly: GBP, CAD Rebound as BOE, BOC Rate Hike Odds Rise: 7/5/18
-
Why I'm looking to buy GBPCAD: Coleman
-
Oil & Brexit GBP CAD
-
Webinar: Price Action Setups GBP, CAD, DXY
This member declared not having a position on this financial instrument or a related financial instrument.
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