GBP/CAD - 1H - Technical analysis published on 05/01/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 1.7495 CAD
My targets
1.7753 CAD (+0.0136)
1.7891 CAD (+0.0274)
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 1.7495 CAD. The buyers” bullish objective is set at 1.7753 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7891 CAD. If there is any crossing, the next objective would be the resistance located at 1.8348 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CAD rating 1.7617 CAD. On the day, this instrument gained +0.36% and was traded between 1.7542 CAD and 1.7635 CAD over the period. The price is currently at +0.43% from its lowest and -0.10% from its highest.1.7542
1.7635
1.7617
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CAD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7333 | 1.7404 | 1.7495 | 1.7617 | 1.7628 | 1.7753 | 1.8348 |
| Change (%) | -1.61% | -1.21% | -0.69% | - | +0.06% | +0.77% | +4.15% |
| Change | -0.0284 | -0.0213 | -0.0122 | - | +0.0011 | +0.0136 | +0.0731 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 1.7031 | 1.7146 | 1.7350 | 1.7465 | 1.7669 | 1.7784 | 1.7988 |
| Camarilla | 1.7466 | 1.7496 | 1.7525 | 1.7554 | 1.7583 | 1.7613 | 1.7642 |
| Woodie | 1.7076 | 1.7168 | 1.7395 | 1.7487 | 1.7714 | 1.7806 | 1.8033 |
| Fibonacci | 1.7146 | 1.7268 | 1.7343 | 1.7465 | 1.7587 | 1.7662 | 1.7784 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7003 | 1.7167 | 1.7299 | 1.7463 | 1.7595 | 1.7759 | 1.7891 |
| Camarilla | 1.7349 | 1.7376 | 1.7403 | 1.7430 | 1.7457 | 1.7484 | 1.7511 |
| Woodie | 1.6986 | 1.7159 | 1.7282 | 1.7455 | 1.7578 | 1.7751 | 1.7874 |
| Fibonacci | 1.7167 | 1.7280 | 1.7350 | 1.7463 | 1.7576 | 1.7646 | 1.7759 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6735 | 1.6957 | 1.7255 | 1.7477 | 1.7775 | 1.7997 | 1.8295 |
| Camarilla | 1.7411 | 1.7459 | 1.7506 | 1.7554 | 1.7602 | 1.7649 | 1.7697 |
| Woodie | 1.6774 | 1.6976 | 1.7294 | 1.7496 | 1.7814 | 1.8016 | 1.8334 |
| Fibonacci | 1.6957 | 1.7155 | 1.7278 | 1.7477 | 1.7675 | 1.7798 | 1.7997 |
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): | 60.25 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 8.4035 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.7618 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7630 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.7534 | |
| Zig ZAG (10): | 1.7570 | |
| VORTEX (21): | 1.0753 | |
| Stochastique (14,3,5): | 23.30 | |
| TEMA (21): | 1.7615 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.0815 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0425 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.7437 | |
| MA20: | 1.7446 | |
| MA50: | 1.7325 | |
| MA100: | 1.7238 | |
| MAexp7: | 1.7580 | |
| MAexp20: | 1.7564 | |
| MAexp50: | 1.7494 | |
| MAexp100: | 1.7453 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +1.69% | |
| Price / MA100: | +2.20% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +0.94% |
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:
-
GBPCAD Sports a Trend That Belies Uncertainty and High Risk of Volatility (Quick Take Video)
-
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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