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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 12/02/2024 (GMT)

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  • Timeframe : 1H
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  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 1.7767 CAD
My targets
1.7836 CAD (+0.0032)
1.7870 CAD (+0.0066)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.7767 CAD remains possible. It is advisable to trade GBP/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.7767 CAD. The next bullish objective for buyers is set at 1.7836 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7870 CAD. If there is any crossing, the next objective would be the resistance located at 1.7972 CAD. PS: if there is a bearish break in the support located at 1.7767 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
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

GBP/CAD rating 1.7804 CAD. The price registered a decrease of -0.17% on the session and was traded between 1.7794 CAD and 1.7839 CAD over the period. The price is currently at +0.06% from its lowest and -0.20% from its highest.

1.7794
1.7839
1.7804

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a 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


Technical analysis of GBP/CAD in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.7534 1.7603 1.7767 1.7804 1.7836 1.7870 1.7972
Change (%) -1.52% -1.13% -0.21% - +0.18% +0.37% +0.94%
Change -0.0270 -0.0201 -0.0037 - +0.0032 +0.0066 +0.0168
Level Minor Minor Major - Intermediate Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.76881.77241.77791.78151.78701.79061.7961
Camarilla1.78091.78171.78261.78341.78421.78511.7859
Woodie1.76981.77291.77891.78201.78801.79111.7971
Fibonacci1.77241.77591.77801.78151.78501.78711.7906


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.73111.74231.76281.77401.79451.80571.8262
Camarilla1.77471.77761.78051.78341.78631.78921.7921
Woodie1.73591.74461.76761.77631.79931.80801.8310
Fibonacci1.74231.75441.76191.77401.78611.79361.8057


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.69261.72031.75181.77951.81101.83871.8702
Camarilla1.76711.77261.77801.78341.78881.79431.7997
Woodie1.69461.72131.75381.78051.81301.83971.8722
Fibonacci1.72031.74291.75691.77951.80211.81611.8387

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): 50.71
MACD (12,26,9): 0.0006
Directional Movement: 7.3271
AROON (14): 35.7143
DEMA (21): 1.7815
Parabolic SAR (0,02-0,02-0,2): 1.7851
Elder Ray (13): -0.0001
Super Trend (3,10): 1.7767
Zig ZAG (10): 1.7802
VORTEX (21): 1.0622
Stochastique (14,3,5): 36.48
TEMA (21): 1.7812
Williams %R (14): -70.59
Chande Momentum Oscillator (20): -0.0016
Repulse (5,40,3): -0.0305
ROCnROLL: -1
TRIX (15,9): 0.0076
Courbe Coppock: 0.10
MA7: 1.7723
MA20: 1.7793
MA50: 1.7896
MA100: 1.7828
MAexp7: 1.7809
MAexp20: 1.7806
MAexp50: 1.7786
MAexp100: 1.7753
Price / MA7: +0.46%
Price / MA20: +0.06%
Price / MA50: -0.51%
Price / MA100: -0.13%
Price / MAexp7: -0.03%
Price / MAexp20: -0.01%
Price / MAexp50: +0.10%
Price / MAexp100: +0.29%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on GBP/CAD. At the time of publication of this analysis, the latest news was as follows:

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

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