GBP/CAD - 1H - Technical analysis published on 09/10/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.6243 CAD
My targets
1.6163 CAD (-0.36%)
1.6106 CAD (-0.72%)
My analysis
The strong short-term decline of GBP/CAD reinforces the current slightly bearish trend. As long as the price remains below 1.6243 CAD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.6163 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6106 CAD as an objective. Crossing it would then enable sellers to target 1.6040 CAD. A return to above 1.6243 CAD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD price is 1.6222 CAD. The price registered a decrease of -0.22% on the session and was between 1.6221 CAD and 1.6310 CAD. This implies that the price is at +0.01% from its lowest and at -0.54% from its highest.1.6221
1.6310
1.6222
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/CAD in 1H shows an overall slightly bearish trend. 57.14% 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. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6040 | 1.6106 | 1.6163 | 1.6222 | 1.6243 | 1.6319 | 1.6623 |
| Change (%) | -1.12% | -0.72% | -0.36% | - | +0.13% | +0.60% | +2.47% |
| Change | -0.0182 | -0.0116 | -0.0059 | - | +0.0021 | +0.0097 | +0.0401 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5950 | 1.6028 | 1.6143 | 1.6221 | 1.6336 | 1.6414 | 1.6529 |
| Camarilla | 1.6205 | 1.6223 | 1.6240 | 1.6258 | 1.6276 | 1.6293 | 1.6311 |
| Woodie | 1.5969 | 1.6037 | 1.6162 | 1.6230 | 1.6355 | 1.6423 | 1.6548 |
| Fibonacci | 1.6028 | 1.6102 | 1.6147 | 1.6221 | 1.6295 | 1.6340 | 1.6414 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5608 | 1.5782 | 1.5985 | 1.6159 | 1.6362 | 1.6536 | 1.6739 |
| Camarilla | 1.6083 | 1.6118 | 1.6152 | 1.6187 | 1.6222 | 1.6256 | 1.6291 |
| Woodie | 1.5622 | 1.5789 | 1.5999 | 1.6166 | 1.6376 | 1.6543 | 1.6753 |
| Fibonacci | 1.5782 | 1.5926 | 1.6015 | 1.6159 | 1.6303 | 1.6392 | 1.6536 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5444 | 1.5659 | 1.5927 | 1.6142 | 1.6410 | 1.6625 | 1.6893 |
| Camarilla | 1.6061 | 1.6105 | 1.6150 | 1.6194 | 1.6238 | 1.6283 | 1.6327 |
| Woodie | 1.5470 | 1.5672 | 1.5953 | 1.6155 | 1.6436 | 1.6638 | 1.6919 |
| Fibonacci | 1.5659 | 1.5844 | 1.5958 | 1.6142 | 1.6327 | 1.6441 | 1.6625 |
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): | 44.14 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -0.2369 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.6258 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6301 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.6215 | |
| Zig ZAG (10): | 1.6226 | |
| VORTEX (21): | 0.9753 | |
| Stochastique (14,3,5): | 13.88 | |
| TEMA (21): | 1.6255 | |
| Williams %R (14): | -95.45 | |
| Chande Momentum Oscillator (20): | -0.0028 | |
| Repulse (5,40,3): | -0.3110 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0069 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.6199 | |
| MA20: | 1.6195 | |
| MA50: | 1.6215 | |
| MA100: | 1.6652 | |
| MAexp7: | 1.6250 | |
| MAexp20: | 1.6253 | |
| MAexp50: | 1.6243 | |
| MAexp100: | 1.6228 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | -2.58% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.03% |
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:
-
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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