GBP/CAD - 1H - Technical analysis published on 12/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 1.7870 CAD
My targets
1.7972 CAD (+0.0080)
1.8101 CAD (+0.0209)
My analysis
GBP/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.7870 CAD. The next resistance located at 1.7972 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.8101 CAD. After this resistance, buyers could then target 1.8590 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.8
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Additional analysis
Quotes
The GBP/CAD rating is 1.7892 CAD. The price has increased by +0.11% since the last closing with the lowest point at 1.7862 CAD and the highest point at 1.7912 CAD. The deviation from the price is +0.17% for the low point and -0.11% for the high point.1.7862
1.7912
1.7892
A study of price movements over other periods shows the following variations:
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 this 1H chart of GBP/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7630 | 1.7767 | 1.7870 | 1.7892 | 1.7899 | 1.7972 | 1.8101 |
| Change (%) | -1.46% | -0.70% | -0.12% | - | +0.04% | +0.45% | +1.17% |
| Change | -0.0262 | -0.0125 | -0.0022 | - | +0.0007 | +0.0080 | +0.0209 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7686 | 1.7734 | 1.7803 | 1.7851 | 1.7920 | 1.7968 | 1.8037 |
| Camarilla | 1.7840 | 1.7851 | 1.7861 | 1.7872 | 1.7883 | 1.7894 | 1.7904 |
| Woodie | 1.7697 | 1.7739 | 1.7814 | 1.7856 | 1.7931 | 1.7973 | 1.8048 |
| Fibonacci | 1.7734 | 1.7779 | 1.7806 | 1.7851 | 1.7896 | 1.7923 | 1.7968 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7311 | 1.7423 | 1.7628 | 1.7740 | 1.7945 | 1.8057 | 1.8262 |
| Camarilla | 1.7747 | 1.7776 | 1.7805 | 1.7834 | 1.7863 | 1.7892 | 1.7921 |
| Woodie | 1.7359 | 1.7446 | 1.7676 | 1.7763 | 1.7993 | 1.8080 | 1.8310 |
| Fibonacci | 1.7423 | 1.7544 | 1.7619 | 1.7740 | 1.7861 | 1.7936 | 1.8057 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6926 | 1.7203 | 1.7518 | 1.7795 | 1.8110 | 1.8387 | 1.8702 |
| Camarilla | 1.7671 | 1.7726 | 1.7780 | 1.7834 | 1.7888 | 1.7943 | 1.7997 |
| Woodie | 1.6946 | 1.7213 | 1.7538 | 1.7805 | 1.8130 | 1.8397 | 1.8722 |
| Fibonacci | 1.7203 | 1.7429 | 1.7569 | 1.7795 | 1.8021 | 1.8161 | 1.8387 |
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): | 56.22 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 4.9929 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.7891 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7871 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.7855 | |
| Zig ZAG (10): | 1.7876 | |
| VORTEX (21): | 1.1778 | |
| Stochastique (14,3,5): | 41.48 | |
| TEMA (21): | 1.7891 | |
| Williams %R (14): | -62.00 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | -0.0038 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0117 | |
| Courbe Coppock: | 0.20 |
| MA7: | 1.7823 | |
| MA20: | 1.7770 | |
| MA50: | 1.7887 | |
| MA100: | 1.7831 | |
| MAexp7: | 1.7885 | |
| MAexp20: | 1.7874 | |
| MAexp50: | 1.7849 | |
| MAexp100: | 1.7819 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.41% |
Quotes :
-
Real time data
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Forex
News
The last news published on GBP/CAD at the time of the generation of this analysis was as follows:
-
GBP/CAD Forecast November 21, 2024
-
GBP/CAD Forecast October 14, 2024
-
GBP/CAD Forecast September 2, 2024
-
GBP/CAD Forecast August 29, 2024
-
GBP/CAD Forecast August 13, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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