GBP/CAD - 1H - Technical analysis published on 03/30/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Neutral between 1.6365 CAD and 1.6465 CAD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.6465 CAD. The first support is located at 1.6365 CAD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GBP/CAD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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
GBP/CAD rating 1.6408 CAD. The price registered an increase of +0.27% on the session and was traded between 1.6357 CAD and 1.6425 CAD over the period. The price is currently at +0.31% from its lowest and -0.10% from its highest.1.6357
1.6425
1.6408
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/CAD indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.6246 | 1.6317 | 1.6365 | 1.6408 | 1.6465 | 1.6564 | 1.6650 |
| Change (%) | -0.99% | -0.55% | -0.26% | - | +0.35% | +0.95% | +1.47% |
| Change | -0.0162 | -0.0091 | -0.0043 | - | +0.0057 | +0.0156 | +0.0242 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | 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 | 1.6152 | 1.6235 | 1.6299 | 1.6382 | 1.6446 | 1.6529 | 1.6593 |
| Camarilla | 1.6324 | 1.6337 | 1.6351 | 1.6364 | 1.6378 | 1.6391 | 1.6404 |
| Woodie | 1.6144 | 1.6230 | 1.6291 | 1.6377 | 1.6438 | 1.6524 | 1.6585 |
| Fibonacci | 1.6235 | 1.6291 | 1.6326 | 1.6382 | 1.6438 | 1.6473 | 1.6529 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6059 | 1.6249 | 1.6344 | 1.6534 | 1.6629 | 1.6819 | 1.6914 |
| Camarilla | 1.6361 | 1.6387 | 1.6413 | 1.6439 | 1.6465 | 1.6491 | 1.6517 |
| Woodie | 1.6012 | 1.6225 | 1.6297 | 1.6510 | 1.6582 | 1.6795 | 1.6867 |
| Fibonacci | 1.6249 | 1.6358 | 1.6425 | 1.6534 | 1.6643 | 1.6710 | 1.6819 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.99 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.2975 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.6381 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6363 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 1.6333 | |
| Zig ZAG (10): | 1.6418 | |
| VORTEX (21): | 1.0115 | |
| Stochastique (14,3,5): | 88.37 | |
| TEMA (21): | 1.6392 | |
| Williams %R (14): | -6.76 | |
| Chande Momentum Oscillator (20): | 0.0045 | |
| Repulse (5,40,3): | 0.2948 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0047 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.6488 | |
| MA20: | 1.6644 | |
| MA50: | 1.6952 | |
| MA100: | 1.6996 | |
| MAexp7: | 1.6390 | |
| MAexp20: | 1.6384 | |
| MAexp50: | 1.6401 | |
| MAexp100: | 1.6444 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -1.42% | |
| Price / MA50: | -3.21% | |
| Price / MA100: | -3.46% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.23% |
Quotes :
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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:
-
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.
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