GBP/CAD - 15 min. - Technical analysis published on 08/05/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.7414 CAD
My targets
1.7335 CAD (-0.0061)
1.7239 CAD (-0.0157)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CAD as long as the price remains well below 1.7414 CAD. The next bearish objective for sellers is set at 1.7335 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.7239 CAD. If there is any crossing, the next objective would be the support located at 1.7180 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD rating is 1.7396 CAD. The price registered a decrease of -0.02% on the session and was between 1.7368 CAD and 1.7406 CAD. This implies that the price is at +0.16% from its lowest and at -0.06% from its highest.1.7368
1.7406
1.7396
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GBP/CAD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7180 | 1.7239 | 1.7365 | 1.7396 | 1.7414 | 1.7498 | 1.7613 |
| Change (%) | -1.24% | -0.90% | -0.18% | - | +0.10% | +0.59% | +1.25% |
| Change | -0.0216 | -0.0157 | -0.0031 | - | +0.0018 | +0.0102 | +0.0217 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Intermediate |
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 | 1.5735 | 1.5829 | 1.5885 | 1.5979 | 1.6035 | 1.6129 | 1.6185 |
| Camarilla | 1.5899 | 1.5913 | 1.5926 | 1.5940 | 1.5954 | 1.5968 | 1.5981 |
| Woodie | 1.5715 | 1.5820 | 1.5865 | 1.5970 | 1.6015 | 1.6120 | 1.6165 |
| Fibonacci | 1.5829 | 1.5887 | 1.5922 | 1.5979 | 1.6037 | 1.6072 | 1.6129 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0046 | 2.0153 | 2.0346 | 2.0453 | 2.0646 | 2.0753 | 2.0946 |
| Camarilla | 2.0456 | 2.0483 | 2.0511 | 2.0538 | 2.0566 | 2.0593 | 2.0621 |
| Woodie | 2.0088 | 2.0175 | 2.0388 | 2.0475 | 2.0688 | 2.0775 | 2.0988 |
| Fibonacci | 2.0153 | 2.0268 | 2.0339 | 2.0453 | 2.0568 | 2.0639 | 2.0753 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6093 | 1.6435 | 1.6993 | 1.7335 | 1.7893 | 1.8235 | 1.8793 |
| Camarilla | 1.7305 | 1.7387 | 1.7470 | 1.7552 | 1.7635 | 1.7717 | 1.7800 |
| Woodie | 1.6202 | 1.6489 | 1.7102 | 1.7389 | 1.8002 | 1.8289 | 1.8902 |
| Fibonacci | 1.6435 | 1.6779 | 1.6991 | 1.7335 | 1.7679 | 1.7891 | 1.8235 |
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): | 48.77 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -0.7135 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.7402 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7633 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.7507 | |
| Zig ZAG (10): | 1.7395 | |
| VORTEX (21): | 0.9788 | |
| Stochastique (14,3,5): | 6.56 | |
| TEMA (21): | 1.7404 | |
| Williams %R (14): | -92.79 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | 0.0123 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0019 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.7245 | |
| MA20: | 1.7160 | |
| MA50: | 1.7051 | |
| MA100: | 1.7169 | |
| MAexp7: | 1.7399 | |
| MAexp20: | 1.7404 | |
| MAexp50: | 1.7411 | |
| MAexp100: | 1.7429 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +2.02% | |
| Price / MA100: | +1.32% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.19% |
Quotes :
2020-08-05 07:32:07
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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:
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GBPCAD Sports a Trend That Belies Uncertainty and High Risk of Volatility (Quick Take Video)
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Webinar: Central Bank Weekly: GBP, CAD Rebound as BOE, BOC Rate Hike Odds Rise: 7/5/18
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Why I'm looking to buy GBPCAD: Coleman
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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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