GBP/CAD - 1H - Technical analysis published on 03/22/2022 (GMT)
- 197
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.6596 CAD
My targets
1.6713 CAD (+0.0058)
1.6788 CAD (+0.0133)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GBP/CAD as long as the price remains well above 1.6596 CAD. The buyers' bullish objective is set at 1.6713 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.6788 CAD. If there is any crossing, the next objective would be the resistance located at 1.6900 CAD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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:
Additional analysis
Quotes
The GBP/CAD price is 1.6655 CAD. On the day, this instrument gained +0.46% and was between 1.6519 CAD and 1.6659 CAD. This implies that the price is at +0.82% from its lowest and at -0.02% from its highest.1.6519
1.6659
1.6655
Here is a more detailed summary of the historical variations registered by GBP/CAD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/CAD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. 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 over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6246 | 1.6553 | 1.6596 | 1.6655 | 1.6713 | 1.6788 | 1.6900 |
| Change (%) | -2.46% | -0.61% | -0.35% | - | +0.35% | +0.80% | +1.47% |
| Change | -0.0409 | -0.0102 | -0.0059 | - | +0.0058 | +0.0133 | +0.0245 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 1.6460 | 1.6507 | 1.6542 | 1.6589 | 1.6624 | 1.6671 | 1.6706 |
| Camarilla | 1.6556 | 1.6563 | 1.6571 | 1.6578 | 1.6586 | 1.6593 | 1.6601 |
| Woodie | 1.6455 | 1.6504 | 1.6537 | 1.6586 | 1.6619 | 1.6668 | 1.6701 |
| Fibonacci | 1.6507 | 1.6538 | 1.6557 | 1.6589 | 1.6620 | 1.6639 | 1.6671 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6247 | 1.6392 | 1.6498 | 1.6643 | 1.6749 | 1.6894 | 1.7000 |
| Camarilla | 1.6535 | 1.6558 | 1.6581 | 1.6604 | 1.6627 | 1.6650 | 1.6673 |
| Woodie | 1.6228 | 1.6382 | 1.6479 | 1.6633 | 1.6730 | 1.6884 | 1.6981 |
| Fibonacci | 1.6392 | 1.6488 | 1.6547 | 1.6643 | 1.6739 | 1.6798 | 1.6894 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6471 | 1.6727 | 1.6865 | 1.7121 | 1.7259 | 1.7515 | 1.7653 |
| Camarilla | 1.6894 | 1.6930 | 1.6966 | 1.7002 | 1.7038 | 1.7074 | 1.7110 |
| Woodie | 1.6411 | 1.6698 | 1.6805 | 1.7092 | 1.7199 | 1.7486 | 1.7593 |
| Fibonacci | 1.6727 | 1.6878 | 1.6971 | 1.7121 | 1.7272 | 1.7365 | 1.7515 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.81 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 16.9939 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.6603 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6538 | |
| Elder Ray (13): | 0.0044 | |
| Super Trend (3,10): | 1.6565 | |
| Zig ZAG (10): | 1.6653 | |
| VORTEX (21): | 1.0648 | |
| Stochastique (14,3,5): | 94.87 | |
| TEMA (21): | 1.6621 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0100 | |
| Repulse (5,40,3): | 0.3692 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0007 | |
| Courbe Coppock: | 0.41 |
| MA7: | 1.6639 | |
| MA20: | 1.6822 | |
| MA50: | 1.7028 | |
| MA100: | 1.7019 | |
| MAexp7: | 1.6619 | |
| MAexp20: | 1.6593 | |
| MAexp50: | 1.6593 | |
| MAexp100: | 1.6615 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.99% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -2.14% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.24% |
Quotes :
-
Real time data
-
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)
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/CAD - 1H