GBP/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPCAD
ISIN:

GBP/CAD - Daily - Technical analysis published on 11/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 1.6760 CAD

My targets

1.7131 CAD (+0.0247)

1.7301 CAD (+0.0417)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CAD as long as the price remains well above 1.6760 CAD. The buyers' bullish objective is set at 1.7131 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7301 CAD. If there is any crossing, the next objective would be the resistance located at 1.7771 CAD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.7

Comment on the analysis

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.

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

Additional analysis

Quotes

The GBP/CAD rating is 1.6884 CAD. The price has increased by +0.08% since the last closing and was traded between 1.6859 CAD and 1.6889 CAD over the period. The price is currently at +0.15% from its lowest and -0.03% from its highest.

1.6859

1.6889

1.6884

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 Daily of this GBP/CAD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.6575	1.6760	1.6873	1.6884	1.7131	1.7301	1.7771
Change (%)	-1.83%	-0.73%	-0.07%	-	+1.46%	+2.47%	+5.25%
Change	-0.0309	-0.0124	-0.0011	-	+0.0247	+0.0417	+0.0887
Level	Intermediate	Major	Major	-	Intermediate	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6730	1.6799	1.6834	1.6903	1.6938	1.7007	1.7042
Camarilla	1.6841	1.6851	1.6861	1.6870	1.6880	1.6889	1.6899
Woodie	1.6714	1.6791	1.6818	1.6895	1.6922	1.6999	1.7026
Fibonacci	1.6799	1.6838	1.6863	1.6903	1.6942	1.6967	1.7007

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6576	1.6659	1.6778	1.6861	1.6980	1.7063	1.7182
Camarilla	1.6841	1.6859	1.6878	1.6896	1.6915	1.6933	1.6952
Woodie	1.6593	1.6668	1.6795	1.6870	1.6997	1.7072	1.7199
Fibonacci	1.6659	1.6737	1.6784	1.6861	1.6939	1.6986	1.7063

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6275	1.6395	1.6629	1.6749	1.6983	1.7103	1.7337
Camarilla	1.6766	1.6798	1.6831	1.6863	1.6896	1.6928	1.6960
Woodie	1.6332	1.6424	1.6686	1.6778	1.7040	1.7132	1.7394
Fibonacci	1.6395	1.6530	1.6614	1.6749	1.6884	1.6968	1.7103

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.62
MACD (12,26,9):	0.0052
Directional Movement:	9.4016
AROON (14):	85.7143
DEMA (21):	1.6871
Parabolic SAR (0,02-0,02-0,2):	1.6844
Elder Ray (13):	0.0029
Super Trend (3,10):	1.6621
Zig ZAG (10):	1.6887
VORTEX (21):	1.0973
Stochastique (14,3,5):	75.83
TEMA (21):	1.6937
Williams %R (14):	-28.97
Chande Momentum Oscillator (20):	0.0181
Repulse (5,40,3):	-0.0860
ROCnROLL:	1
TRIX (15,9):	0.0348
Courbe Coppock:	2.38

MA7:	1.6883
MA20:	1.6786
MA50:	1.6747
MA100:	1.6898
MAexp7:	1.6880
MAexp20:	1.6813
MAexp50:	1.6800
MAexp100:	1.6818
Price / MA7:	+0.01%
Price / MA20:	+0.58%
Price / MA50:	+0.82%
Price / MA100:	-0.08%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.42%
Price / MAexp50:	+0.50%
Price / MAexp100:	+0.39%

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.

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