GBP/CAD - 1H - Technical analysis published on 07/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.7127 CAD
My targets
1.7058 CAD (-0.0048)
1.7009 CAD (-0.0097)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/CAD as long as the price remains well below 1.7127 CAD. The next bearish objective for sellers is set at 1.7058 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.7009 CAD. In case of crossing, the next objective would be the support located at 1.6957 CAD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.7058 CAD. With this support, against the trend traders who want to buy GBP/CAD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.9
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD price is 1.7106 CAD. The price is lower by -0.08% since the last closing with the lowest point at 1.7094 CAD and the highest point at 1.7132 CAD. The deviation from the price is +0.07% for the low point and -0.15% for the high point.1.7094
1.7132
1.7106
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/CAD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.7009 | 1.7058 | 1.7089 | 1.7106 | 1.7127 | 1.7159 | 1.7182 |
| Change (%) | -0.57% | -0.28% | -0.10% | - | +0.12% | +0.31% | +0.44% |
| Change | -0.0097 | -0.0048 | -0.0017 | - | +0.0021 | +0.0053 | +0.0076 |
| Level | Intermediate | Minor | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6965 | 1.7011 | 1.7066 | 1.7112 | 1.7167 | 1.7213 | 1.7268 |
| Camarilla | 1.7092 | 1.7102 | 1.7111 | 1.7120 | 1.7129 | 1.7139 | 1.7148 |
| Woodie | 1.6969 | 1.7013 | 1.7070 | 1.7114 | 1.7171 | 1.7215 | 1.7272 |
| Fibonacci | 1.7011 | 1.7050 | 1.7074 | 1.7112 | 1.7151 | 1.7175 | 1.7213 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6702 | 1.6821 | 1.6944 | 1.7063 | 1.7186 | 1.7305 | 1.7428 |
| Camarilla | 1.7000 | 1.7022 | 1.7044 | 1.7066 | 1.7088 | 1.7110 | 1.7133 |
| Woodie | 1.6703 | 1.6822 | 1.6945 | 1.7064 | 1.7187 | 1.7306 | 1.7429 |
| Fibonacci | 1.6821 | 1.6914 | 1.6971 | 1.7063 | 1.7156 | 1.7213 | 1.7305 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6225 | 1.6488 | 1.6652 | 1.6915 | 1.7079 | 1.7342 | 1.7506 |
| Camarilla | 1.6699 | 1.6738 | 1.6777 | 1.6816 | 1.6855 | 1.6894 | 1.6933 |
| Woodie | 1.6176 | 1.6463 | 1.6603 | 1.6890 | 1.7030 | 1.7317 | 1.7457 |
| Fibonacci | 1.6488 | 1.6651 | 1.6752 | 1.6915 | 1.7078 | 1.7179 | 1.7342 |
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): | 45.41 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.5134 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.7116 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7092 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.7084 | |
| Zig ZAG (10): | 1.7107 | |
| VORTEX (21): | 0.9977 | |
| Stochastique (14,3,5): | 13.83 | |
| TEMA (21): | 1.7107 | |
| Williams %R (14): | -76.79 | |
| Chande Momentum Oscillator (20): | -0.0036 | |
| Repulse (5,40,3): | 0.0112 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.7080 | |
| MA20: | 1.7009 | |
| MA50: | 1.7009 | |
| MA100: | 1.7181 | |
| MAexp7: | 1.7110 | |
| MAexp20: | 1.7116 | |
| MAexp50: | 1.7108 | |
| MAexp100: | 1.7093 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | +0.57% | |
| Price / MA100: | -0.44% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.08% |
Quotes :
2020-07-22 06:05:57
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Real time data
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Forex
News
The last news published on GBP/CAD at the time of the generation of this analysis 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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