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 06/26/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 1.6764 CAD
My targets
1.6605 CAD (-0.0119)
1.6470 CAD (-0.0254)
My analysis
The bearish trend is currently very strong for GBP/CAD. As long as the price remains below the resistance at 1.6764 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.6605 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6470 CAD as an objective. Crossing it would then enable sellers to target 1.6095 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5

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 sander. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/CAD price is 1.6724 CAD. On the day, this instrument lost -0.22% and was traded between 1.6697 CAD and 1.6782 CAD over the period. The price is currently at +0.16% from its lowest and -0.35% from its highest.

1.6697
1.6782
1.6724

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.5337 1.5876 1.6095 1.6724 1.6740 1.6764 1.6873
Change (%) -8.29% -5.07% -3.76% - +0.10% +0.24% +0.89%
Change -0.1387 -0.0848 -0.0629 - +0.0016 +0.0040 +0.0149
Level Minor Major Major - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.66301.66851.67231.67781.68161.68711.6909
Camarilla1.67351.67441.67531.67611.67701.67781.6787
Woodie1.66221.66811.67151.67741.68081.68671.6901
Fibonacci1.66851.67211.67431.67781.68141.68361.6871


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.64701.66051.66831.68181.68961.70311.7109
Camarilla1.67021.67221.67421.67611.67811.68001.6820
Woodie1.64421.65911.66551.68041.68681.70171.7081
Fibonacci1.66051.66861.67371.68181.68991.69501.7031


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.62521.64841.66831.69151.71141.73461.7545
Camarilla1.67651.68041.68441.68831.69231.69621.7002
Woodie1.62371.64761.66681.69071.70991.73381.7530
Fibonacci1.64841.66481.67501.69151.70791.71811.7346

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): 41.71
MACD (12,26,9): -0.0012
Directional Movement: -13.0787
AROON (14): -14.2857
DEMA (21): 1.6717
Parabolic SAR (0,02-0,02-0,2): 1.6751
Elder Ray (13): -0.0007
Super Trend (3,10): 1.6779
Zig ZAG (10): 1.6715
VORTEX (21): 0.8991
Stochastique (14,3,5): 25.88
TEMA (21): 1.6713
Williams %R (14): -80.00
Chande Momentum Oscillator (20): -0.0024
Repulse (5,40,3): -0.0300
ROCnROLL: 2
TRIX (15,9): -0.0096
Courbe Coppock: 0.39
MA7: 1.6822
MA20: 1.6797
MA50: 1.6839
MA100: 1.6679
MAexp7: 1.6722
MAexp20: 1.6732
MAexp50: 1.6753
MAexp100: 1.6779
Price / MA7: -0.58%
Price / MA20: -0.43%
Price / MA50: -0.68%
Price / MA100: +0.27%
Price / MAexp7: +0.01%
Price / MAexp20: -0.05%
Price / MAexp50: -0.17%
Price / MAexp100: -0.33%

Quotes : - Real time data - Forex

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

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