GBP/CAD - 1H - Technical analysis published on 05/20/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Neutral between 1.7019 CAD and 1.7076 CAD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1.7019 CAD. The first resistance is located at 1.7076 CAD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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
The GBP/CAD price is 1.7053 CAD. On the day, this instrument lost -0.18% and was between 1.7051 CAD and 1.7090 CAD. This implies that the price is at +0.01% from its lowest and at -0.22% from its highest.1.7051
1.7090
1.7053
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CAD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6856 | 1.6987 | 1.7019 | 1.7053 | 1.7076 | 1.7105 | 1.7205 |
| Change (%) | -1.16% | -0.39% | -0.20% | - | +0.13% | +0.30% | +0.89% |
| Change | -0.0197 | -0.0066 | -0.0034 | - | +0.0023 | +0.0052 | +0.0152 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6908 | 1.6946 | 1.7015 | 1.7053 | 1.7122 | 1.7160 | 1.7229 |
| Camarilla | 1.7054 | 1.7063 | 1.7073 | 1.7083 | 1.7093 | 1.7103 | 1.7112 |
| Woodie | 1.6923 | 1.6954 | 1.7030 | 1.7061 | 1.7137 | 1.7168 | 1.7244 |
| Fibonacci | 1.6946 | 1.6987 | 1.7013 | 1.7053 | 1.7094 | 1.7120 | 1.7160 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6701 | 1.6877 | 1.6980 | 1.7156 | 1.7259 | 1.7435 | 1.7538 |
| Camarilla | 1.7006 | 1.7032 | 1.7057 | 1.7083 | 1.7109 | 1.7134 | 1.7160 |
| Woodie | 1.6665 | 1.6859 | 1.6944 | 1.7138 | 1.7223 | 1.7417 | 1.7502 |
| Fibonacci | 1.6877 | 1.6984 | 1.7049 | 1.7156 | 1.7263 | 1.7328 | 1.7435 |
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 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): | 51.10 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 0.7714 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.7074 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7033 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.7018 | |
| Zig ZAG (10): | 1.7060 | |
| VORTEX (21): | 1.0229 | |
| Stochastique (14,3,5): | 76.11 | |
| TEMA (21): | 1.7084 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | -0.1455 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0086 | |
| Courbe Coppock: | 0.56 |
| MA7: | 1.7128 | |
| MA20: | 1.7316 | |
| MA50: | 1.7298 | |
| MA100: | 1.7251 | |
| MAexp7: | 1.7070 | |
| MAexp20: | 1.7063 | |
| MAexp50: | 1.7062 | |
| MAexp100: | 1.7096 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -1.52% | |
| Price / MA50: | -1.42% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.25% |
News
The latest news and videos published on GBP/CAD at the time of the analysis were 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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