GBP/CAD - 1H - Technical analysis published on 08/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.7498 CAD
My targets
1.7613 CAD (+0.0091)
1.7676 CAD (+0.0154)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CAD as long as the price remains well above 1.7498 CAD. The buyers” bullish objective is set at 1.7613 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7676 CAD. If there is any crossing, the next objective would be the resistance located at 1.7769 CAD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD rating is 1.7522 CAD. The price registered an increase of +0.14% on the session and was traded between 1.7490 CAD and 1.7532 CAD over the period. The price is currently at +0.18% from its lowest and -0.06% from its highest.1.7490
1.7532
1.7522
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/CAD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.7239 | 1.7349 | 1.7498 | 1.7522 | 1.7613 | 1.7676 | 1.7769 |
| Change (%) | -1.62% | -0.99% | -0.14% | - | +0.52% | +0.88% | +1.41% |
| Change | -0.0283 | -0.0173 | -0.0024 | - | +0.0091 | +0.0154 | +0.0247 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7294 | 1.7345 | 1.7422 | 1.7473 | 1.7550 | 1.7601 | 1.7678 |
| Camarilla | 1.7463 | 1.7475 | 1.7486 | 1.7498 | 1.7510 | 1.7522 | 1.7533 |
| Woodie | 1.7306 | 1.7352 | 1.7434 | 1.7480 | 1.7562 | 1.7608 | 1.7690 |
| Fibonacci | 1.7345 | 1.7394 | 1.7424 | 1.7473 | 1.7522 | 1.7552 | 1.7601 |
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): | 66.19 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 19.7435 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.7519 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7499 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 1.7465 | |
| Zig ZAG (10): | 1.7520 | |
| VORTEX (21): | 1.0801 | |
| Stochastique (14,3,5): | 86.87 | |
| TEMA (21): | 1.7524 | |
| Williams %R (14): | -19.70 | |
| Chande Momentum Oscillator (20): | 0.0043 | |
| Repulse (5,40,3): | -0.0149 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0150 | |
| Courbe Coppock: | 0.35 |
| MA7: | 1.7263 | |
| MA20: | 1.7200 | |
| MA50: | 1.7072 | |
| MA100: | 1.7186 | |
| MAexp7: | 1.7514 | |
| MAexp20: | 1.7494 | |
| MAexp50: | 1.7469 | |
| MAexp100: | 1.7457 | |
| Price / MA7: | +1.50% | |
| Price / MA20: | +1.87% | |
| Price / MA50: | +2.64% | |
| Price / MA100: | +1.96% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.37% |
Quotes :
2020-08-07 06:31:51
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Real time data
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Forex
News
The latest news and videos published on GBP/CAD at the time of the analysis were as follows:
-
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
-
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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