GBP/CAD - 15 min. - Technical analysis published on 03/23/2022 (GMT)
- 206
- 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 : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.6643 CAD
My targets
1.6569 CAD (-0.0062)
1.6444 CAD (-0.0187)
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 1.6643 CAD. The sellers' bearish objective is set at 1.6569 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6444 CAD. In case of crossing, the next objective would be the support located at 1.6370 CAD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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 JohnJohn. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD price is 1.6631 CAD. On the day, this instrument lost -0.37% with the lowest point at 1.6614 CAD and the highest point at 1.6724 CAD. The deviation from the price is +0.10% for the low point and -0.56% for the high point.1.6614
1.6724
1.6631
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/CAD in 15 min. shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
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 | 1.6537 | 1.6596 | 1.6622 | 1.6631 | 1.6649 | 1.6713 | 1.6751 |
| Change (%) | -0.57% | -0.21% | -0.05% | - | +0.11% | +0.49% | +0.72% |
| Change | -0.0094 | -0.0035 | -0.0009 | - | +0.0018 | +0.0082 | +0.0120 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6370 | 1.6444 | 1.6569 | 1.6643 | 1.6768 | 1.6842 | 1.6967 |
| Camarilla | 1.6638 | 1.6657 | 1.6675 | 1.6693 | 1.6711 | 1.6730 | 1.6748 |
| Woodie | 1.6395 | 1.6457 | 1.6594 | 1.6656 | 1.6793 | 1.6855 | 1.6992 |
| Fibonacci | 1.6444 | 1.6520 | 1.6567 | 1.6643 | 1.6719 | 1.6766 | 1.6842 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.77 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -22.7294 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.6634 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6639 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 1.6661 | |
| Zig ZAG (10): | 1.6634 | |
| VORTEX (21): | 0.7338 | |
| Stochastique (14,3,5): | 20.09 | |
| TEMA (21): | 1.6624 | |
| Williams %R (14): | -64.91 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | 0.0255 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0126 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.6638 | |
| MA20: | 1.6794 | |
| MA50: | 1.7019 | |
| MA100: | 1.7016 | |
| MAexp7: | 1.6637 | |
| MAexp20: | 1.6654 | |
| MAexp50: | 1.6670 | |
| MAexp100: | 1.6663 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -2.28% | |
| Price / MA100: | -2.26% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.19% |
Quotes :
-
Real time data
-
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.
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 - 15 min.