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 09/25/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 1.6978 CAD
My targets
1.7064 CAD (+0.0026)
1.7104 CAD (+0.0066)
My analysis
The basic bullish trend is very strong on GBP/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.6978 CAD. Crossing the first resistance at 1.7064 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.7104 CAD as an objective. Crossing it would then enable buyers to target 1.7157 CAD. Caution, a return to below 1.6978 CAD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5

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. Daily Weekly

Additional analysis

Quotes

The GBP/CAD rating is 1.7038 CAD. The price has increased by +0.05% since the last closing with the lowest point at 1.6990 CAD and the highest point at 1.7087 CAD. The deviation from the price is +0.28% for the low point and -0.29% for the high point.

1.6990
1.7087
1.7038

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 1H chart of GBP/CAD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6924 1.6978 1.7025 1.7038 1.7064 1.7104 1.7157
Change (%) -0.67% -0.35% -0.08% - +0.15% +0.39% +0.70%
Change -0.0114 -0.0060 -0.0013 - +0.0026 +0.0066 +0.0119
Level Minor Intermediate Major - Minor Intermediate Minor



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
Standard1.68721.69391.69841.70511.70961.71631.7208
Camarilla1.69991.70101.70201.70301.70401.70511.7061
Woodie1.68621.69341.69741.70461.70861.71581.7198
Fibonacci1.69391.69821.70081.70511.70941.71201.7163


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.65601.67001.68781.70181.71961.73361.7514
Camarilla1.69691.69981.70271.70561.70851.71141.7143
Woodie1.65791.67101.68971.70281.72151.73461.7533
Fibonacci1.67001.68221.68971.70181.71401.72151.7336


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.68551.70361.72301.74111.76051.77861.7980
Camarilla1.73211.73551.73901.74241.74581.74931.7527
Woodie1.68621.70391.72371.74141.76121.77891.7987
Fibonacci1.70361.71791.72681.74111.75541.76431.7786

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): 49.17
MACD (12,26,9): -0.0001
Directional Movement: 0.7159
AROON (14): -21.4286
DEMA (21): 1.7034
Parabolic SAR (0,02-0,02-0,2): 1.7071
Elder Ray (13): -0.0012
Super Trend (3,10): 1.7010
Zig ZAG (10): 1.7028
VORTEX (21): 0.9791
Stochastique (14,3,5): 42.61
TEMA (21): 1.7030
Williams %R (14): -55.67
Chande Momentum Oscillator (20): 0.0003
Repulse (5,40,3): 0.1052
ROCnROLL: -1
TRIX (15,9): 0.0005
Courbe Coppock: 0.08
MA7: 1.7029
MA20: 1.7128
MA50: 1.7253
MA100: 1.7135
MAexp7: 1.7034
MAexp20: 1.7034
MAexp50: 1.7030
MAexp100: 1.7026
Price / MA7: +0.05%
Price / MA20: -0.53%
Price / MA50: -1.25%
Price / MA100: -0.57%
Price / MAexp7: +0.02%
Price / MAexp20: +0.02%
Price / MAexp50: +0.05%
Price / MAexp100: +0.07%

Quotes : 2020-09-25 14:50:14 - Real time data - Forex

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

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