GBP/CAD
GBP CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCAD
ISIN:

GBP/CAD - Daily - Technical analysis published on 09/18/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.6882 CAD
My targets
1.6372 CAD (-0.0360)
1.6255 CAD (-0.0477)
My analysis
GBP/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.6882 CAD. The next support located at 1.6372 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.6255 CAD. Below this support, sellers could then target 1.6095 CAD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
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 tiankriek. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

GBP/CAD rating 1.6732 CAD. On the day, this instrument lost -0.09% and was between 1.6716 CAD and 1.6766 CAD. This implies that the price is at +0.10% from its lowest and at -0.20% from its highest.

1.6716
1.6766
1.6732

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



Here is a more detailed summary of the historical variations registered by GBP/CAD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of GBP/CAD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily



An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6255 1.6372 1.6682 1.6732 1.6882 1.6996 1.7109
Change (%) -2.85% -2.15% -0.30% - +0.90% +1.58% +2.25%
Change -0.0477 -0.0360 -0.0050 - +0.0150 +0.0264 +0.0377
Level Minor Intermediate Major - Major Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.66351.66841.67151.67641.67951.68441.6875
Camarilla1.67251.67321.67401.67471.67541.67621.6769
Woodie1.66271.66801.67071.67601.67871.68401.6867
Fibonacci1.66841.67141.67331.67641.67941.68131.6844


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.63151.65241.66351.68441.69551.71641.7275
Camarilla1.66591.66881.67181.67471.67761.68061.6835
Woodie1.62671.65001.65871.68201.69071.71401.7227
Fibonacci1.65241.66461.67211.68441.69661.70411.7164


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.64501.66621.68911.71031.73321.75441.7773
Camarilla1.69991.70391.70801.71201.71601.72011.7241
Woodie1.64591.66661.69001.71071.73411.75481.7782
Fibonacci1.66621.68311.69351.71031.72721.73761.7544

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): 27.62
MACD (12,26,9): -0.0081
Directional Movement: -18.0313
AROON (14): -92.8571
DEMA (21): 1.6904
Parabolic SAR (0,02-0,02-0,2): 1.6940
Elder Ray (13): -0.0194
Super Trend (3,10): 1.7051
Zig ZAG (10): 1.6730
VORTEX (21): 0.7779
Stochastique (14,3,5): 3.03
TEMA (21): 1.6809
Williams %R (14): -97.37
Chande Momentum Oscillator (20): -0.0390
Repulse (5,40,3): -1.0254
ROCnROLL: 2
TRIX (15,9): -0.0256
Courbe Coppock: 3.43
MA7: 1.6869
MA20: 1.7045
MA50: 1.7070
MA100: 1.6955
MAexp7: 1.6851
MAexp20: 1.6985
MAexp50: 1.7014
MAexp100: 1.6927
Price / MA7: -0.81%
Price / MA20: -1.84%
Price / MA50: -1.98%
Price / MA100: -1.32%
Price / MAexp7: -0.71%
Price / MAexp20: -1.49%
Price / MAexp50: -1.66%
Price / MAexp100: -1.15%

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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