GBP/CAD - 1H - Technical analysis published on 05/20/2022 (GMT)
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- 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
28%
33%
39%
My opinion
Bullish above 1.5935 CAD
My targets
1.6031 CAD (+0.0057)
1.6077 CAD (+0.0103)
My analysis
A bullish trend on GBP/CAD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.5935 CAD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.6031 CAD. Then the price could move towards 1.6077 CAD. Then 1.6713 CAD by extension. Be careful, a return below 1.5935 CAD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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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
GBP/CAD rating 1.5974 CAD. On the day, this instrument lost -0.02% and was traded between 1.5953 CAD and 1.5992 CAD over the period. The price is currently at +0.13% from its lowest and -0.11% from its highest.1.5953
1.5992
1.5974
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CAD chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 1.5846 | 1.5881 | 1.5935 | 1.5974 | 1.5988 | 1.6031 | 1.6077 |
| Change (%) | -0.80% | -0.58% | -0.24% | - | +0.09% | +0.36% | +0.64% |
| Change | -0.0128 | -0.0093 | -0.0039 | - | +0.0014 | +0.0057 | +0.0103 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5695 | 1.5777 | 1.5877 | 1.5959 | 1.6059 | 1.6141 | 1.6241 |
| Camarilla | 1.5927 | 1.5944 | 1.5960 | 1.5977 | 1.5994 | 1.6010 | 1.6027 |
| Woodie | 1.5704 | 1.5782 | 1.5886 | 1.5964 | 1.6068 | 1.6146 | 1.6250 |
| Fibonacci | 1.5777 | 1.5847 | 1.5890 | 1.5959 | 1.6029 | 1.6072 | 1.6141 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5402 | 1.5590 | 1.5716 | 1.5904 | 1.6030 | 1.6218 | 1.6344 |
| Camarilla | 1.5756 | 1.5784 | 1.5813 | 1.5842 | 1.5871 | 1.5900 | 1.5928 |
| Woodie | 1.5371 | 1.5575 | 1.5685 | 1.5889 | 1.5999 | 1.6203 | 1.6313 |
| Fibonacci | 1.5590 | 1.5710 | 1.5784 | 1.5904 | 1.6024 | 1.6098 | 1.6218 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5308 | 1.5619 | 1.5884 | 1.6195 | 1.6460 | 1.6771 | 1.7036 |
| Camarilla | 1.5992 | 1.6044 | 1.6097 | 1.6150 | 1.6203 | 1.6256 | 1.6308 |
| Woodie | 1.5286 | 1.5608 | 1.5862 | 1.6184 | 1.6438 | 1.6760 | 1.7014 |
| Fibonacci | 1.5619 | 1.5839 | 1.5975 | 1.6195 | 1.6415 | 1.6551 | 1.6771 |
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): | 55.18 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 7.5478 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.5984 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6007 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.5925 | |
| Zig ZAG (10): | 1.5982 | |
| VORTEX (21): | 1.1532 | |
| Stochastique (14,3,5): | 19.78 | |
| TEMA (21): | 1.5984 | |
| Williams %R (14): | -62.34 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | 0.0901 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0138 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.5919 | |
| MA20: | 1.5997 | |
| MA50: | 1.6283 | |
| MA100: | 1.6695 | |
| MAexp7: | 1.5973 | |
| MAexp20: | 1.5969 | |
| MAexp50: | 1.5951 | |
| MAexp100: | 1.5935 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | -1.90% | |
| Price / MA100: | -4.32% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.24% |
Quotes :
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Real time data
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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.
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