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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 10/01/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.8089 CAD
My targets
1.7989 CAD (-0.0043)
1.7946 CAD (-0.0086)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/CAD as long as the price remains well below 1.8089 CAD. The next bearish objective for sellers is set at 1.7989 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.7946 CAD. In case of crossing, the next objective would be the support located at 1.7767 CAD.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.2

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.

GCrow
This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/CAD rating is 1.8032 CAD. The price registered a decrease of -0.34% on the session and was traded between 1.8030 CAD and 1.8105 CAD over the period. The price is currently at +0.01% from its lowest and -0.40% from its highest.

1.8030
1.8105
1.8032

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/CAD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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

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



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.7946 1.7989 1.8025 1.8032 1.8089 1.8146 1.8590
Change (%) -0.48% -0.24% -0.04% - +0.32% +0.63% +3.09%
Change -0.0086 -0.0043 -0.0007 - +0.0057 +0.0114 +0.0558
Level Intermediate Minor Minor - Intermediate Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.79651.80111.80531.80991.81411.81871.8229
Camarilla1.80701.80781.80861.80941.81021.81101.8118
Woodie1.79621.80101.80501.80981.81381.81861.8226
Fibonacci1.80111.80451.80661.80991.81331.81541.8187


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.78301.78881.79851.80431.81401.81981.8295
Camarilla1.80391.80541.80681.80821.80961.81101.8125
Woodie1.78501.78981.80051.80531.81601.82081.8315
Fibonacci1.78881.79471.79841.80431.81021.81391.8198


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.73561.75251.78091.79781.82621.84311.8715
Camarilla1.79691.80111.80531.80941.81361.81771.8219
Woodie1.74151.75541.78681.80071.83211.84601.8774
Fibonacci1.75251.76981.78051.79781.81511.82581.8431

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): 33.95
MACD (12,26,9): -0.0009
Directional Movement: -14.1090
AROON (14): -50.0000
DEMA (21): 1.8071
Parabolic SAR (0,02-0,02-0,2): 1.8111
Elder Ray (13): -0.0029
Super Trend (3,10): 1.8101
Zig ZAG (10): 1.8041
VORTEX (21): 0.9053
Stochastique (14,3,5): 8.08
TEMA (21): 1.8058
Williams %R (14): -92.54
Chande Momentum Oscillator (20): -0.0043
Repulse (5,40,3): -0.1942
ROCnROLL: 2
TRIX (15,9): -0.0016
Courbe Coppock: 0.30
MA7: 1.8047
MA20: 1.7924
MA50: 1.7793
MA100: 1.7628
MAexp7: 1.8063
MAexp20: 1.8079
MAexp50: 1.8077
MAexp100: 1.8061
Price / MA7: -0.08%
Price / MA20: +0.60%
Price / MA50: +1.34%
Price / MA100: +2.29%
Price / MAexp7: -0.17%
Price / MAexp20: -0.26%
Price / MAexp50: -0.25%
Price / MAexp100: -0.16%

Quotes : - Real time data - Forex

News


The last news published on GBP/CAD at the time of the generation of this analysis was as follows:

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

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Londinia
Londinia AI

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