GBP/CAD - 1H - Technical analysis published on 06/02/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 1.6937 CAD and 1.7010 CAD
My targets
-
My analysis
The short-term increase on GBP/CAD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.7010 CAD. The first support is located at 1.6937 CAD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
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 Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CAD rating 1.6972 CAD. The price has increased by +0.07% since the last closing and was between 1.6906 CAD and 1.6987 CAD. This implies that the price is at +0.39% from its lowest and at -0.09% from its highest.1.6906
1.6987
1.6972
Here is a more detailed summary of the historical variations registered by GBP/CAD:
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. 50.00% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.6856 | 1.6907 | 1.6937 | 1.6972 | 1.7010 | 1.7064 | 1.7122 |
Change (%) | -0.68% | -0.38% | -0.21% | - | +0.22% | +0.54% | +0.88% |
Change | -0.0116 | -0.0065 | -0.0035 | - | +0.0038 | +0.0092 | +0.0150 |
Level | Major | Minor | Intermediate | - | Major | Minor | Major |
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 | 1.6826 | 1.6881 | 1.6921 | 1.6976 | 1.7016 | 1.7071 | 1.7111 |
Camarilla | 1.6934 | 1.6943 | 1.6951 | 1.6960 | 1.6969 | 1.6977 | 1.6986 |
Woodie | 1.6818 | 1.6877 | 1.6913 | 1.6972 | 1.7008 | 1.7067 | 1.7103 |
Fibonacci | 1.6881 | 1.6918 | 1.6940 | 1.6976 | 1.7013 | 1.7035 | 1.7071 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6581 | 1.6713 | 1.6856 | 1.6988 | 1.7131 | 1.7263 | 1.7406 |
Camarilla | 1.6923 | 1.6949 | 1.6974 | 1.6999 | 1.7024 | 1.7049 | 1.7075 |
Woodie | 1.6587 | 1.6716 | 1.6862 | 1.6991 | 1.7137 | 1.7266 | 1.7412 |
Fibonacci | 1.6713 | 1.6818 | 1.6883 | 1.6988 | 1.7093 | 1.7158 | 1.7263 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5801 | 1.6323 | 1.6661 | 1.7183 | 1.7521 | 1.8043 | 1.8381 |
Camarilla | 1.6763 | 1.6841 | 1.6920 | 1.6999 | 1.7078 | 1.7157 | 1.7236 |
Woodie | 1.5709 | 1.6277 | 1.6569 | 1.7137 | 1.7429 | 1.7997 | 1.8289 |
Fibonacci | 1.6323 | 1.6652 | 1.6855 | 1.7183 | 1.7512 | 1.7715 | 1.8043 |
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): | 49.89 | |
MACD (12,26,9): | -0.0009 | |
Directional Movement: | 5.7763 | |
AROON (14): | 7.1428 | |
DEMA (21): | 1.6943 | |
Parabolic SAR (0,02-0,02-0,2): | 1.6909 | |
Elder Ray (13): | 0.0014 | |
Super Trend (3,10): | 1.6981 | |
Zig ZAG (10): | 1.6957 | |
VORTEX (21): | 0.9468 | |
Stochastique (14,3,5): | 59.26 | |
TEMA (21): | 1.6939 | |
Williams %R (14): | -25.93 | |
Chande Momentum Oscillator (20): | 0.0013 | |
Repulse (5,40,3): | 0.1771 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0106 | |
Courbe Coppock: | 0.24 |
MA7: | 1.6972 | |
MA20: | 1.7103 | |
MA50: | 1.7297 | |
MA100: | 1.7245 | |
MAexp7: | 1.6949 | |
MAexp20: | 1.6956 | |
MAexp50: | 1.6966 | |
MAexp100: | 1.6972 | |
Price / MA7: | -0% | |
Price / MA20: | -0.77% | |
Price / MA50: | -1.88% | |
Price / MA100: | -1.58% | |
Price / MAexp7: | +0.14% | |
Price / MAexp20: | +0.09% | |
Price / MAexp50: | +0.04% | |
Price / MAexp100: | -0% |
Quotes :
2020-06-02 09:46:47
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Real time data
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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:
- 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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