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GBP/CAD
GBP CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCAD
ISIN:

GBP/CAD - 1H - Technical analysis published on 11/09/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.6939 CAD
My targets
1.6873 CAD (-0.0029)
1.6788 CAD (-0.0114)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/CAD as long as the price remains well below 1.6939 CAD. The sellers' bearish objective is set at 1.6873 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6788 CAD. If there is any crossing, the next objective would be the support located at 1.6760 CAD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/CAD price is 1.6902 CAD. On the day, this instrument lost -0.23% with the lowest point at 1.6900 CAD and the highest point at 1.6971 CAD. The deviation from the price is +0.01% for the low point and -0.41% for the high point.

1.6900
1.6971
1.6902

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/CAD chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6760 1.6788 1.6873 1.6902 1.6939 1.6959 1.6979
Change (%) -0.84% -0.67% -0.17% - +0.22% +0.34% +0.46%
Change -0.0142 -0.0114 -0.0029 - +0.0037 +0.0057 +0.0077
Level Major Minor Major - Minor Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.67821.68291.68851.69321.69881.70351.7091
Camarilla1.69131.69221.69321.69411.69501.69601.6969
Woodie1.67871.68311.68901.69341.69931.70371.7096
Fibonacci1.68291.68681.68931.69321.69711.69961.7035


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.65761.66591.67781.68611.69801.70631.7182
Camarilla1.68411.68591.68781.68961.69151.69331.6952
Woodie1.65931.66681.67951.68701.69971.70721.7199
Fibonacci1.66591.67371.67841.68611.69391.69861.7063


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.62751.63951.66291.67491.69831.71031.7337
Camarilla1.67661.67981.68311.68631.68961.69281.6960
Woodie1.63321.64241.66861.67781.70401.71321.7394
Fibonacci1.63951.65301.66141.67491.68841.69681.7103

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): 39.61
MACD (12,26,9): 0.0002
Directional Movement: -6.4967
AROON (14): -14.2857
DEMA (21): 1.6940
Parabolic SAR (0,02-0,02-0,2): 1.6971
Elder Ray (13): -0.0020
Super Trend (3,10): 1.6970
Zig ZAG (10): 1.6906
VORTEX (21): 1.0087
Stochastique (14,3,5): 26.17
TEMA (21): 1.6935
Williams %R (14): -95.59
Chande Momentum Oscillator (20): -0.0035
Repulse (5,40,3): -0.2973
ROCnROLL: 2
TRIX (15,9): 0.0049
Courbe Coppock: 0.17
MA7: 1.6884
MA20: 1.6773
MA50: 1.6752
MA100: 1.6897
MAexp7: 1.6933
MAexp20: 1.6937
MAexp50: 1.6927
MAexp100: 1.6907
Price / MA7: +0.11%
Price / MA20: +0.77%
Price / MA50: +0.90%
Price / MA100: +0.03%
Price / MAexp7: -0.18%
Price / MAexp20: -0.21%
Price / MAexp50: -0.15%
Price / MAexp100: -0.03%

Quotes : - Real time data - Forex

News


The latest news and videos published on GBP/CAD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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