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 10/03/2019 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 1.6409 CAD
My targets
1.6454 CAD (+0.02%)
1.6515 CAD (+0.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CAD as long as the price remains well above 1.6409 CAD. The buyers” bullish objective is set at 1.6454 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.6515 CAD. If there is any crossing, the next objective would be the resistance located at 1.6579 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.8

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:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/CAD rating is 1.6450 CAD. On the day, this instrument gained +0.31% and was traded between 1.6339 CAD and 1.6554 CAD over the period. The price is currently at +0.68% from its lowest and -0.63% from its highest.

1.6339
1.6554
1.6450

Here is a more detailed summary of the historical variations registered by GBP/CAD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 10 are neutral and 2 are bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6306 1.6370 1.6409 1.6450 1.6454 1.6515 1.6579
Change (%) -0.88% -0.49% -0.25% - +0.02% +0.40% +0.78%
Change -0.0144 -0.0080 -0.0041 - +0.0004 +0.0065 +0.0129
Level Minor Intermediate Intermediate - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.60411.61161.62581.63331.64751.65501.6692
Camarilla1.63391.63591.63791.63991.64191.64391.6459
Woodie1.60741.61331.62911.63501.65081.65671.6725
Fibonacci1.61161.61991.62501.63331.64161.64671.6550


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.58461.60531.61661.63731.64861.66931.6806
Camarilla1.61911.62201.62501.62791.63081.63381.6367
Woodie1.57991.60301.61191.63501.64391.66701.6759
Fibonacci1.60531.61751.62511.63731.64951.65711.6693


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.51891.55731.59241.63081.66591.70431.7394
Camarilla1.60731.61401.62081.62751.63421.64101.6477
Woodie1.51731.55651.59081.63001.66431.70351.7378
Fibonacci1.55731.58541.60271.63081.65891.67621.7043

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): 56.09
MACD (12,26,9): 0.0031
Directional Movement: 10.1214
AROON (14): 50.0000
DEMA (21): 1.6482
Parabolic SAR (0,02-0,02-0,2): 1.6547
Elder Ray (13): -0.0008
Super Trend (3,10): 1.6400
Zig ZAG (10): 1.6449
VORTEX (21): 1.0816
Stochastique (14,3,5): 50.52
TEMA (21): 1.6483
Williams %R (14): -55.03
Chande Momentum Oscillator (20): 0.0069
Repulse (5,40,3): -0.1039
ROCnROLL: -1
TRIX (15,9): 0.0331
Courbe Coppock: 1.08
MA7: 1.6342
MA20: 1.6400
MA50: 1.6240
MA100: 1.6477
MAexp7: 1.6460
MAexp20: 1.6437
MAexp50: 1.6382
MAexp100: 1.6357
Price / MA7: +0.66%
Price / MA20: +0.30%
Price / MA50: +1.29%
Price / MA100: -0.16%
Price / MAexp7: -0.06%
Price / MAexp20: +0.08%
Price / MAexp50: +0.42%
Price / MAexp100: +0.57%

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

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