GBP/CAD
GBP CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCAD
ISIN:

GBP/CAD - Daily - Technical analysis published on 07/15/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.6954 CAD
My targets
1.7239 CAD (+0.0115)
1.7498 CAD (+0.0374)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GBP/CAD as long as the price remains well above 1.6954 CAD. The buyers” bullish objective is set at 1.7239 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7498 CAD. If there is any crossing, the next objective would be the resistance located at 1.7753 CAD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GBP/CAD price is 1.7124 CAD. On the day, this instrument gained +0.19% and was traded between 1.7092 CAD and 1.7146 CAD over the period. The price is currently at +0.19% from its lowest and -0.13% from its highest.

1.7092
1.7146
1.7124

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/CAD:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of GBP/CAD indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6634 1.6805 1.6954 1.7124 1.7239 1.7498 1.7753
Change (%) -2.86% -1.86% -0.99% - +0.67% +2.18% +3.67%
Change -0.0490 -0.0319 -0.0170 - +0.0115 +0.0374 +0.0629
Level Major Intermediate Major - Intermediate Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.69321.69701.70311.70691.71301.71681.7229
Camarilla1.70651.70741.70831.70921.71011.71101.7119
Woodie1.69441.69761.70431.70751.71421.71741.7241
Fibonacci1.69701.70081.70311.70691.71071.71301.7168


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.66401.67631.69611.70841.72821.74051.7603
Camarilla1.70701.70991.71291.71581.71871.72171.7246
Woodie1.66771.67821.69981.71031.73191.74241.7640
Fibonacci1.67631.68861.69621.70841.72071.72831.7405


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.62251.64881.66521.69151.70791.73421.7506
Camarilla1.66991.67381.67771.68161.68551.68941.6933
Woodie1.61761.64631.66031.68901.70301.73171.7457
Fibonacci1.64881.66511.67521.69151.70781.71791.7342

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): 57.99
MACD (12,26,9): 0.0023
Directional Movement: 8.4230
AROON (14): 57.1428
DEMA (21): 1.7037
Parabolic SAR (0,02-0,02-0,2): 1.6853
Elder Ray (13): 0.0078
Super Trend (3,10): 1.7192
Zig ZAG (10): 1.7128
VORTEX (21): 1.0316
Stochastique (14,3,5): 75.47
TEMA (21): 1.7099
Williams %R (14): -18.91
Chande Momentum Oscillator (20): 0.0313
Repulse (5,40,3): 0.2972
ROCnROLL: 1
TRIX (15,9): -0.0075
Courbe Coppock: 2.08
MA7: 1.7099
MA20: 1.6966
MA50: 1.7030
MA100: 1.7185
MAexp7: 1.7080
MAexp20: 1.7024
MAexp50: 1.7060
MAexp100: 1.7103
Price / MA7: +0.15%
Price / MA20: +0.93%
Price / MA50: +0.55%
Price / MA100: -0.35%
Price / MAexp7: +0.26%
Price / MAexp20: +0.59%
Price / MAexp50: +0.38%
Price / MAexp100: +0.13%

Quotes : 2020-07-15 08:47:14 - Real time data - Forex

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

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