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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 - 15 min. - Technical analysis published on 12/11/2023 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.7037 CAD
My targets
1.7066 CAD (+0.0010)
1.7081 CAD (+0.0025)
My analysis
The strong short-term increase in GBP/CAD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.7037 CAD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.7066 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.7081 CAD as an objective. Crossing it would then enable buyers to target 1.7110 CAD. Caution, a return under 1.7037 CAD could jeopardize the reversal.

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
0
10
2.3

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.

MikeBMVP
This analysis was given by MikeBMVP. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GBP/CAD rating is 1.7056 CAD. The price registered an increase of +0.03% on the session and was traded between 1.7050 CAD and 1.7059 CAD over the period. The price is currently at +0.04% from its lowest and -0.02% from its highest.

1.7050
1.7059
1.7056

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:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/CAD in 15 min. shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 15 minutes



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6639 1.6878 1.6996 1.7056 1.7059 1.7131 1.7179
Change (%) -2.44% -1.04% -0.35% - +0.02% +0.44% +0.72%
Change -0.0417 -0.0178 -0.0060 - +0.0003 +0.0075 +0.0123
Level Intermediate Major Major - Intermediate Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.69781.69931.70221.70371.70661.70811.7110
Camarilla1.70391.70431.70471.70511.70551.70591.7063
Woodie1.69851.69971.70291.70411.70731.70851.7117
Fibonacci1.69931.70101.70201.70371.70541.70641.7081


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.67991.69031.69731.70771.71471.72511.7321
Camarilla1.69961.70121.70281.70441.70601.70761.7092
Woodie1.67831.68951.69571.70691.71311.72431.7305
Fibonacci1.69031.69691.70101.70771.71431.71841.7251


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.62891.65161.68201.70471.73511.75781.7882
Camarilla1.69781.70271.70751.71241.71731.72211.7270
Woodie1.63281.65351.68591.70661.73901.75971.7921
Fibonacci1.65161.67191.68441.70471.72501.73751.7578

Numerical data


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

Technical indicators
Moving averages

RSI (14): 56.39
MACD (12,26,9): 0.0000
Directional Movement: -0.6837
AROON (14): 85.7143
DEMA (21): 1.7044
Parabolic SAR (0,02-0,02-0,2): 1.7020
Elder Ray (13): 0.0010
Super Trend (3,10): 1.7061
Zig ZAG (10): 1.7054
VORTEX (21): 1.0114
Stochastique (14,3,5): 87.38
TEMA (21): 1.7046
Williams %R (14): -9.80
Chande Momentum Oscillator (20): 0.0010
Repulse (5,40,3): 0.0463
ROCnROLL: 1
TRIX (15,9): -0.0018
Courbe Coppock: 0.01
MA7: 1.7079
MA20: 1.7125
MA50: 1.6914
MA100: 1.6928
MAexp7: 1.7047
MAexp20: 1.7045
MAexp50: 1.7050
MAexp100: 1.7061
Price / MA7: -0.13%
Price / MA20: -0.40%
Price / MA50: +0.84%
Price / MA100: +0.76%
Price / MAexp7: +0.05%
Price / MAexp20: +0.06%
Price / MAexp50: +0.04%
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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