GBP/CAD
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 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.

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 Remo. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.68261.68811.69211.69761.70161.70711.7111
Camarilla1.69341.69431.69511.69601.69691.69771.6986
Woodie1.68181.68771.69131.69721.70081.70671.7103
Fibonacci1.68811.69181.69401.69761.70131.70351.7071


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.65811.67131.68561.69881.71311.72631.7406
Camarilla1.69231.69491.69741.69991.70241.70491.7075
Woodie1.65871.67161.68621.69911.71371.72661.7412
Fibonacci1.67131.68181.68831.69881.70931.71581.7263


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.58011.63231.66611.71831.75211.80431.8381
Camarilla1.67631.68411.69201.69991.70781.71571.7236
Woodie1.57091.62771.65691.71371.74291.79971.8289
Fibonacci1.63231.66521.68551.71831.75121.77151.8043

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 - Real time data - Forex

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

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