GBP/CAD - 1H - Technical analysis published on 01/06/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 1.7967 CAD
My targets
1.7864 CAD (-0.0048)
1.7806 CAD (-0.0106)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.7967 CAD remains possible. It is advisable to trade GBP/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.7967 CAD. The next bearish objective for sellers is set at 1.7864 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.7806 CAD. In case of crossing, the next objective would be the support located at 1.7767 CAD. PS: if there is a bullish break in the resistance located at 1.7967 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.2
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Additional analysis
Quotes
GBP/CAD rating 1.7912 CAD. The price registered a decrease of -0.19% on the session and was traded between 1.7885 CAD and 1.7958 CAD over the period. The price is currently at +0.15% from its lowest and -0.26% from its highest.1.7885
1.7958
1.7912
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/CAD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7767 | 1.7806 | 1.7864 | 1.7912 | 1.7967 | 1.8004 | 1.8059 |
| Change (%) | -0.81% | -0.59% | -0.27% | - | +0.31% | +0.51% | +0.82% |
| Change | -0.0145 | -0.0106 | -0.0048 | - | +0.0055 | +0.0092 | +0.0147 |
| Level | Intermediate | Major | Major | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7707 | 1.7763 | 1.7854 | 1.7910 | 1.8001 | 1.8057 | 1.8148 |
| Camarilla | 1.7906 | 1.7919 | 1.7933 | 1.7946 | 1.7960 | 1.7973 | 1.7986 |
| Woodie | 1.7726 | 1.7772 | 1.7873 | 1.7919 | 1.8020 | 1.8066 | 1.8167 |
| Fibonacci | 1.7763 | 1.7819 | 1.7854 | 1.7910 | 1.7966 | 1.8001 | 1.8057 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7453 | 1.7629 | 1.7788 | 1.7964 | 1.8123 | 1.8299 | 1.8458 |
| Camarilla | 1.7854 | 1.7885 | 1.7915 | 1.7946 | 1.7977 | 1.8007 | 1.8038 |
| Woodie | 1.7444 | 1.7625 | 1.7779 | 1.7960 | 1.8114 | 1.8295 | 1.8449 |
| Fibonacci | 1.7629 | 1.7757 | 1.7836 | 1.7964 | 1.8092 | 1.8171 | 1.8299 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7263 | 1.7506 | 1.7748 | 1.7991 | 1.8233 | 1.8476 | 1.8718 |
| Camarilla | 1.7858 | 1.7902 | 1.7947 | 1.7991 | 1.8036 | 1.8080 | 1.8124 |
| Woodie | 1.7264 | 1.7506 | 1.7749 | 1.7991 | 1.8234 | 1.8476 | 1.8719 |
| Fibonacci | 1.7506 | 1.7691 | 1.7805 | 1.7991 | 1.8176 | 1.8290 | 1.8476 |
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): | 50.52 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -12.2878 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.7921 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7952 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.7891 | |
| Zig ZAG (10): | 1.7909 | |
| VORTEX (21): | 1.1187 | |
| Stochastique (14,3,5): | 28.33 | |
| TEMA (21): | 1.7929 | |
| Williams %R (14): | -65.00 | |
| Chande Momentum Oscillator (20): | -0.0042 | |
| Repulse (5,40,3): | 0.0390 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.7981 | |
| MA20: | 1.8032 | |
| MA50: | 1.7925 | |
| MA100: | 1.7902 | |
| MAexp7: | 1.7914 | |
| MAexp20: | 1.7913 | |
| MAexp50: | 1.7917 | |
| MAexp100: | 1.7946 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.67% | |
| Price / MA50: | -0.07% | |
| Price / MA100: | +0.06% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.19% |
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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