GBP/CAD - 1H - Technical analysis published on 11/02/2023 (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:
Bearish
Underlying:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.6855 CAD
My targets
1.6761 CAD (-0.0039)
1.6657 CAD (-0.0143)
My analysis
The basic trend is currently slightly bearish on GBP/CAD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 1.6855 CAD, sales could be favoured. The first bearish objective would be located at 1.6761 CAD. Sellers would then use the next support located at 1.6657 CAD as an objective. Crossing it would then enable sellers to target 1.6577 CAD. A return to above the resistance at 1.6855 CAD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
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
4.3
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This analysis was given by Flowryan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CAD rating 1.6800 CAD. The price registered a decrease of -0.31% on the session with the lowest point at 1.6787 CAD and the highest point at 1.6886 CAD. The deviation from the price is +0.08% for the low point and -0.51% for the high point.1.6787
1.6886
1.6800
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CAD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CAD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6657 | 1.6761 | 1.6795 | 1.6800 | 1.6855 | 1.6873 | 1.7131 |
| Change (%) | -0.85% | -0.23% | -0.03% | - | +0.33% | +0.43% | +1.97% |
| Change | -0.0143 | -0.0039 | -0.0005 | - | +0.0055 | +0.0073 | +0.0331 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6715 | 1.6751 | 1.6802 | 1.6838 | 1.6889 | 1.6925 | 1.6976 |
| Camarilla | 1.6828 | 1.6836 | 1.6844 | 1.6852 | 1.6860 | 1.6868 | 1.6876 |
| Woodie | 1.6722 | 1.6755 | 1.6809 | 1.6842 | 1.6896 | 1.6929 | 1.6983 |
| Fibonacci | 1.6751 | 1.6785 | 1.6805 | 1.6838 | 1.6872 | 1.6892 | 1.6925 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6498 | 1.6577 | 1.6697 | 1.6776 | 1.6896 | 1.6975 | 1.7095 |
| Camarilla | 1.6762 | 1.6781 | 1.6799 | 1.6817 | 1.6835 | 1.6854 | 1.6872 |
| Woodie | 1.6519 | 1.6587 | 1.6718 | 1.6786 | 1.6917 | 1.6985 | 1.7116 |
| Fibonacci | 1.6577 | 1.6653 | 1.6700 | 1.6776 | 1.6852 | 1.6899 | 1.6975 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6275 | 1.6395 | 1.6629 | 1.6749 | 1.6983 | 1.7103 | 1.7337 |
| Camarilla | 1.6766 | 1.6798 | 1.6831 | 1.6863 | 1.6896 | 1.6928 | 1.6960 |
| Woodie | 1.6332 | 1.6424 | 1.6686 | 1.6778 | 1.7040 | 1.7132 | 1.7394 |
| Fibonacci | 1.6395 | 1.6530 | 1.6614 | 1.6749 | 1.6884 | 1.6968 | 1.7103 |
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): | 38.12 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -5.4852 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.6828 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6886 | |
| Elder Ray (13): | -0.0033 | |
| Super Trend (3,10): | 1.6878 | |
| Zig ZAG (10): | 1.6806 | |
| VORTEX (21): | 0.9269 | |
| Stochastique (14,3,5): | 23.69 | |
| TEMA (21): | 1.6821 | |
| Williams %R (14): | -82.83 | |
| Chande Momentum Oscillator (20): | -0.0051 | |
| Repulse (5,40,3): | -0.2513 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.6804 | |
| MA20: | 1.6720 | |
| MA50: | 1.6776 | |
| MA100: | 1.6894 | |
| MAexp7: | 1.6822 | |
| MAexp20: | 1.6835 | |
| MAexp50: | 1.6835 | |
| MAexp100: | 1.6817 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.48% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | -0.56% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.10% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/CAD at the time of the analysis were 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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