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 05/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 1.7139 CAD

My targets

1.7329 CAD (+0.0125)

1.7422 CAD (+0.0218)

My analysis

The basic bullish trend is very strong on GBP/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.7139 CAD. Crossing the first resistance at 1.7329 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.7422 CAD as an objective. Crossing it would then enable buyers to target 1.7767 CAD. Caution, a return to below 1.7139 CAD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/CAD rating 1.7204 CAD. The price registered a decrease of -0.02% on the session with the lowest point at 1.7172 CAD and the highest point at 1.7213 CAD. The deviation from the price is +0.19% for the low point and -0.05% for the high point.

1.7172

1.7213

1.7204

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

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:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.7045	1.7139	1.7204	1.7204	1.7329	1.7767	1.8590
Change (%)	-0.92%	-0.38%	0%	-	+0.73%	+3.27%	+8.06%
Change	-0.0159	-0.0065	0	-	+0.0125	+0.0563	+0.1386
Level	Minor	Intermediate	Major	-	Major	Major	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	1.7067	1.7103	1.7155	1.7191	1.7243	1.7279	1.7331
Camarilla	1.7183	1.7191	1.7199	1.7207	1.7215	1.7223	1.7231
Woodie	1.7075	1.7107	1.7163	1.7195	1.7251	1.7283	1.7339
Fibonacci	1.7103	1.7137	1.7157	1.7191	1.7225	1.7245	1.7279

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6690	1.6788	1.6934	1.7032	1.7178	1.7276	1.7422
Camarilla	1.7012	1.7034	1.7057	1.7079	1.7101	1.7124	1.7146
Woodie	1.6713	1.6800	1.6957	1.7044	1.7201	1.7288	1.7445
Fibonacci	1.6788	1.6882	1.6939	1.7032	1.7126	1.7183	1.7276

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6628	1.6758	1.6982	1.7112	1.7336	1.7466	1.7690
Camarilla	1.7110	1.7142	1.7175	1.7207	1.7240	1.7272	1.7304
Woodie	1.6676	1.6782	1.7030	1.7136	1.7384	1.7490	1.7738
Fibonacci	1.6758	1.6893	1.6976	1.7112	1.7247	1.7330	1.7466

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):	53.30
MACD (12,26,9):	0.0001
Directional Movement:	7.1269
AROON (14):	-35.7143
DEMA (21):	1.7195
Parabolic SAR (0,02-0,02-0,2):	1.7172
Elder Ray (13):	0.0007
Super Trend (3,10):	1.7164
Zig ZAG (10):	1.7197
VORTEX (21):	0.9663
Stochastique (14,3,5):	48.78
TEMA (21):	1.7189
Williams %R (14):	-26.83
Chande Momentum Oscillator (20):	0.0021
Repulse (5,40,3):	0.1154
ROCnROLL:	1
TRIX (15,9):	0.0023
Courbe Coppock:	0.07

MA7:	1.7116
MA20:	1.7127
MA50:	1.7157
MA100:	1.7083
MAexp7:	1.7190
MAexp20:	1.7192
MAexp50:	1.7177
MAexp100:	1.7149
Price / MA7:	+0.51%
Price / MA20:	+0.45%
Price / MA50:	+0.27%
Price / MA100:	+0.71%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.33%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on GBP/CAD. At the time of publication of this analysis, the latest news was as follows:

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

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